Doherty Enterprises, Inc. Ranks No. 25 in Top
200 Franchisees in the United
States by Restaurant Finance Monitor
ALLENDALE, N.J., Jan. 18,
2024 /PRNewswire/ -- Doherty Enterprises, Inc.
(Doherty) announced today it has acquired 21 Applebee's restaurants
located throughout the New York
City metro area. The deal marks a significant strategic
move, as Doherty expands its footprint in the restaurant franchise
market. The Allendale, NJ-based
company has been an Applebee's franchisee since 1993, and today
owns and operates 104 Applebee's restaurants in New York, New
Jersey, Florida, and
Georgia.
Through this acquisition, Doherty now ranks 25th in Top 200
Franchisees in the United States
by Restaurant Finance Monitor with a portfolio of 160 franchise
restaurants across New York,
New Jersey, Florida, and Georgia including Applebee's, Panera Bread,
and Chevys Fresh Mex. They additionally own two restaurant
concepts, Shannon Rose Irish Pub and Spuntino Wine Bar, and operate
a combined four restaurants under these two brands.
Commenting on the acquisition, Doherty's Chairman and CEO,
Ed Doherty, stated, "This
acquisition marks a pivotal moment in our company's journey and
aligns with our strategic vision for growth and innovation in the
restaurant franchise space. We are thrilled to welcome the Apple
Metro team into the Doherty family, knowing that their expertise
and commitment will further strengthen our position in the
industry."
Doherty acquired the 21 Applebee's restaurants in the
New York City metro area from
Applebee's franchisee, Apple Metro. Team members currently working
in the acquired restaurants will be offered jobs with Doherty. This
transition ensures a seamless experience for guests while
preserving the expertise and dedication of the current team
members.
"Our mission at Doherty Enterprises is to become the best food
service company in the communities we serve," said Doherty
Enterprises Chief Operating Officer, Tim
Doherty. "We look forward to 'wowing' every guest, every
time, as we bring our quality Applebee's dining experience to our
new locations in the Big Apple."
About Applebee's®
As one of the world's largest casual dining brands, Applebee's
Neighborhood Grill + Bar serves as America's kitchen table,
offering guests a lively dining experience that combines simple,
craveable American fare with classic drinks and local drafts.
Applebee's makes it easy for family and friends to connect with one
another, whether it's in a dining room or in the comfort of a
living room, Eatin' Good in the Neighborhood™ is a familiar and
affordable escape from the everyday. Applebee's restaurants are
owned and operated by entrepreneurs dedicated to more than serving
great food, but also building up the communities that we call home.
From raising money for local charities to hosting community
fundraisers, Applebee's is always Doin' Good in the
Neighborhood®.
Applebee's franchise operations consisted of 1,654 Applebee's
restaurants in the United States,
two U.S. territories and 11 countries outside the United States as of September 30, 2023. This number does not include
two domestic Applebee's ghost kitchens (small kitchens with no
store-front presence, used to fill off-premise orders) and 12
Applebee's international ghost kitchens. Applebee's is franchised
by subsidiaries of Dine Brands Global Inc. [NYSE: DIN], which is
one of the world's largest full-service restaurant companies.
About Doherty Enterprises, Inc.
Established in 1985, Doherty Enterprises owns and operates more
than 160 restaurants in New
Jersey, New York,
Florida and Georgia, including five restaurant concepts:
Applebee's Neighborhood Grill & Bar, Panera Bread, Chevys Fresh
Mex and its own concepts, The Shannon Rose Irish Pub and Spuntino
Wine Bar & Italian Tapas. In addition, Doherty Enterprises is
also a franchisee of Sola Salon Studios with 13 locations in
Staten Island and New Jersey.
Doherty Enterprises is ranked 25th in Top 200 Franchisees in
the United States by Restaurant
Finance Monitor, is recognized as the 77th largest Foodservice
revenue company in the United
States by Nation's Restaurant News, the 73rd largest
privately held business in the New
York Metro area by Crain's Business, and 34th largest
privately held company in New
Jersey by NJBIZ.
The Doherty vision is to be the "Best Food Service Company in
the Communities We Serve" and its mission is to "Wow Every Guest
Every Time, Wow our People, Wow Our Communities and Wow Our
Suppliers." Doherty Enterprises has also been lending a helping
hand to team members and their immediate families when financially
burdened through the WOW a Friend Foundation. To date, the
foundation has assisted more than 4,00 people and donated over
$5.3 million directly back to those
in need. (www.DohertyInc.com).
Press Contact:
Lynn Munroe
845-548-1211
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SOURCE Doherty Enterprises, Inc.