Grandy's
{{Short description|American restaurant chain}}
{{Infobox company | name = Grandy's|
|logo = 200px|
|type = Private subsidiary|
|foundation = {{start date and age|1972}}|
| area_served = United States
|location = Nashville, Tennessee|
|industry = Restaurant Franchising|
|products = Country style food|
|parent = Captain D's|
|homepage = {{URL|http://Grandys.com}}
}}
Grandy's Country Cookin' (shortened to Grandy's) is a homestyle cooking and comfort food restaurant chain based in Nashville, Tennessee.
History
Walter E. Johnson and Rex E. Sanders had met working together as teenagers at a restaurant in Oak Cliff, Dallas. In the early 1960s, they opened a fried chicken stand on Grand Avenue, which expanded. In 1969, Host International purchased the 14 outlets to use for their expansion of Jim Dandy Fried Chicken. After launching and selling a successful chain of restaurants, the two young men created Grandy's, hoping to combine the efficiency of fast food with the ambiance of a full-service restaurant. Johnson and Sanders waited until a non-compete clause before renaming the chain to Grandy's in 1977.{{cite web | url=https://www.dmagazine.com/publications/d-magazine/1984/september/grandys-partners-still-rolling-in-the-dough/ | title=Grandy's Partners Still Rolling in the Dough | date=September 1984 }}
Under the ownership of Saga Foods, Inc. a multi-concept restaurant firm who acquired Grandy's in 1983,{{Cite news|url=https://www.nytimes.com/1983/05/05/business/saga-plans-to-buy-grandy-s-of-dallas.html|title=Saga Plans to Buy Grandy's of Dallas|newspaper=The New York Times|date=May 5, 1983}} Grandy's experienced its greatest growth surge, primarily in the 1980s, having at its zenith almost 200 stores. A buyout of Saga by Marriott Corporation led to a sell off of the Grandy's chain, along with other concepts owned by Saga, to American Restaurant Group.{{Cite web|url=https://www.latimes.com/archives/la-xpm-1987-02-05-fi-1115-story.html|title=Newport Beach Firm Acquires Restaurant Chains from Marriott|date=February 5, 1987|website=Los Angeles Times}} In the late 1990s, Grandy's, now over 20 years old, began to close older locations and remote markets that were underperforming. They retreated to the core markets of Texas and Oklahoma with a strong presence in southern Indiana and northern Kentucky.
The Asia Pacific operations of Grandy's was operated by MBf American Foods Ltd, incorporated in Hong Kong, in turn owned by MBf Holdings Berhad of Malaysia. Its offices were in Kuala Lumpur with a training center located in Petaling Jaya. Grandy's first Malaysian outlet was at Subang Parade, opened in December 1988. MBf American Foods planned to have 50 outlets in Malaysia opened by late 1989 and open an outlet in Jakarta, Indonesia and Singapore in April 1989.{{cite news |title=MBf to open 50 Grandy's outlets in M'sia by next year |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/biztimes19881212-1.2.39.2?qt=%22subang%20parade%22&q=%22subang%20parade%22 |work=Business Times (Singapore) |agency=Bernama |date=12 December 1988}}
In 2000, American Restaurant Group sold Grandy's and three other subsidiaries to Spectrum Restaurant Group.{{Cite web|url=https://www.latimes.com/archives/la-xpm-2000-may-10-fi-28411-story.html|title=American Restaurant Group to Sell 4 Units to Cut Debt|date=May 10, 2000|website=Los Angeles Times}}[http://www.restaurantfacilitybusiness.com/the-latest-news/212-souper-salad-and-grandys-sold-to-captain-ds-lnc-ventures-restaurant-news.html Souper Salad and Grandy’s Sold to Captain D’s, LNC Ventures] {{webarchive|url=https://web.archive.org/web/20120830054605/http://www.restaurantfacilitybusiness.com/the-latest-news/212-souper-salad-and-grandys-sold-to-captain-ds-lnc-ventures-restaurant-news.html |date=2012-08-30 }}
Spectrum filed for bankruptcy in 2006 and put Grandy's up for sale.{{Cite web|url=https://www.latimes.com/archives/la-xpm-2006-aug-30-fi-spectrum30-story.html|title=Troubled Spectrum Files for Chapter 11|date=August 30, 2006|website=Los Angeles Times}} Souper Salad acquired Grandy's in 2007.{{Cite web|url=http://nrn.com/article/souper-salad-buys-grandys|title=Souper Salad buys Grandy's}} Souper Salad filed for bankruptcy in 2011.{{Cite web|url=http://nrn.com/article/souper-salad-files-bankruptcy-protection|title=Souper Salad files for bankruptcy protection}}
On December 19, 2011, Grandy's was acquired by Captain D's for an undisclosed amount.{{citation needed|date=October 2021}}
As of May 2019, Grandy's had 38 restaurants, almost half being in the Dallas–Fort Worth metroplex. In December 2020, the original location in Lewisville, Texas closed, leaving a total of 27 restaurants. By October 2021, that number had fallen to 24, franchised across six states.{{Cite web|url=http://www.grandys.com/locations.aspx|title=Grandys - Restaurant Locations|website=www.grandys.com}} As of April 2024, the company operates 23 locations in Georgia, Indiana, Kentucky, New Mexico, Oklahoma, and Texas. A location opened in Murfreesboro, Tennessee in 2020 but closed 6 months later.{{cite web | url=https://www.southernstandard.com/top-stories/grandys-has-closed-wont-reopen/ | title=Grandy's has closed, won't reopen }}
See also
References
{{Reflist}}
External links
- {{official website|http://www.grandys.com}}
{{Sun Capital Partners}}
Category:Fast-food chains of the United States
Category:Companies based in Nashville, Tennessee
Category:Regional restaurant chains in the United States
Category:Restaurants established in 1972
Category:Companies that filed for Chapter 11 bankruptcy in 2006
Category:Companies that filed for Chapter 11 bankruptcy in 2011
Category:1983 mergers and acquisitions
Category:2000 mergers and acquisitions
Category:2007 mergers and acquisitions