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Nikki Beach
Jack Penrod is an American entrepreneur. He is the founder and owner of ''Nikki Beach Worldwide'', a global luxury lifestyle and hospitality brand. Before founding ''Nikki Beach'', Penrod was the founder and owner of Penrod's Beach Club in Daytona Beach, Florida, Daytona Beach, Fort Lauderdale, Florida, Fort Lauderdale, and Miami. Prior to the club's business, Jack Penrod was the largest McDonald's franchise owner in Florida in the 1980s. Career McDonald's Penrod started his career with McDonald's Restaurant Corporation in 1969 as a line cook. Penrod eventually became the largest franchise owner of the McDonald's brand Restaurant in the Florida with 16 Restaurants. Wuv's For six years Penrod created and expanded a chain of hamburger restaurants under the name of Wuv's International, Inc., based in Ft. Lauderdale Florida. The firm filed for Chapter 11, Title 11, United States Code, Chapter 11 in 1981. Penrod's Beach Club After the franchise business, Jack Penrod turned his attent ...
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Daytona Beach, Florida
Daytona Beach, or simply Daytona, is a coastal Resort town, resort-city in east-central Florida. Located on the eastern edge of Volusia County, Florida, Volusia County near the East Coast of the United States, Atlantic coastline, its population was 72,647 at the 2020 United States census, 2020 census. Daytona Beach is approximately northeast of Orlando, Florida, Orlando, southeast of Jacksonville, Florida, Jacksonville, and northwest of Miami. It is part of the Deltona–Daytona Beach–Ormond Beach metropolitan area which has a population of about 600,000 and is also a principal city of the Fun Coast region of Florida. Daytona Beach is historically known for its beach, where the hard-packed sand allows motorized vehicles on the beach in restricted areas. This hard-packed sand made Daytona Beach a mecca for motorsports, and the old Daytona Beach and Road Course hosted races for over 50 years. This was replaced in 1959 by Daytona International Speedway. The city is also the h ...
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Fort Lauderdale, Florida
Fort Lauderdale () is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and largest city in Broward County with a population of 182,760 at the 2020 census, making it the tenth largest city in Florida. Along with Miami and Pompano Beach, Fort Lauderdale is one of the three principal cities that comprise the Miami metropolitan area, which had a population of 6,166,488 in 2019. Built in 1838 and first incorporated in 1911, Fort Lauderdale is named after a series of forts built by the United States during the Second Seminole War. The forts took their name from Major William Lauderdale (1782–1838), younger brother of Lieutenant Colonel James Lauderdale. Development of the city did not begin until 50 years after the forts were abandoned at the end of the conflict. Three forts named "Fort Lauderdale" were constructed including the first at the fork of the New River, the second at Tarpon Bend on the New River betw ...
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Miami
Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida, United States. With a population of 442,241 at the 2020 United States census, 2020 census, it is the List of municipalities in Florida, second-most populous city in Florida and the eleventh-most populous city in the Southeastern United States. The Miami metropolitan area is the ninth largest in the U.S. with a population of 6.138 million in 2020. The city has the List of tallest buildings in the United States#Cities with the most skyscrapers, third-largest skyline in the U.S. with over List of tallest buildings in Miami, 300 high-rises, 58 of which exceed . Miami is a major center and leader in finance, commerce, culture, arts, and international trade. Miami's metropolitan area is by far the largest urban econ ...
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McDonald's
McDonald's Corporation is an American Multinational corporation, multinational fast food chain store, chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand, and later turned the company into a Franchising, franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona. In 1955, Ray Kroc, a businessman, joined the company as a franchise agent and proceeded to purchase the chain from the McDonald brothers. McDonald's had its previous headquarters in Oak Brook, Illinois, but moved its global headquarters to Chicago in June 2018. McDonald's is the world's largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021. McDonald's is best known for its hamburgers, cheeseburgers and french fries, although their menus include other items like ch ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Miami Beach, Florida
Miami Beach is a coastal resort city in Miami-Dade County, Florida. It was incorporated on March 26, 1915. The municipality is located on natural and artificial island, man-made barrier islands between the Atlantic Ocean and Biscayne Bay, the latter of which separates the Beach from the mainland city of Miami. The Neighborhoods of Miami Beach, Florida, neighborhood of South Beach, comprising the southernmost of Miami Beach, along with Greater Downtown Miami, Downtown Miami and the PortMiami, collectively form the commercial center of South Florida metropolitan area, South Florida. Miami Beach's population is 82,890 according to the 2020 United States census, 2020 census. Miami Beach is the 26th largest city in Florida based on official 2019 estimates from the U.S. Census Bureau. It has been one of America's pre-eminent beach resorts since the early 20th century. In 1979, Miami Beach's Miami Beach Architectural District, Art Deco Historic District was listed on the National Reg ...
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Businesspeople From Florida
A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth. History Prehistoric period: Traders Since a "businessman" can mean anyone in industry or commerce, businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants. Medieval period: Rise of the merchant class Merchants emerged as a "class" in medieval Italy (compare, for example, the Vaishya, the traditional merchant caste in Indian society). Between 1300 and 1500, modern accountin ...
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American Restaurateurs
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * B ...
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