Wednesday, November 5th, 2014
7:00 a.m. — 9:00 a.m.
The Westlake Village Inn
31943 Agoura Road, Westlake Village CA 91361
The Restaurant Industry:
A Healthy Appetite for Growth
Driven by a growing strength in the general economy and consumer spending, restaurant industry sales are expected to hit a record $683 billion nationwide in 2014, and nearly $70 billion in California. That would be the fifth straight year of growth in restaurant sales.
The is the nation’s second-largest private sector employer, account for 13.5 million jobs nationwide and 1.5 million in California – about 10% of the state’s employment.
But restaurant also operators face a range of challenges, from constantly changing consumer tastes to a scarcity of good locations and calls for a sharp increase in the minimum wage.
What is the outlook for this vitally important sector of the economy? Come hear a panel of restaurant industry professionals at the November 5 breakfast meeting of ACG 101 at the Westlake Village Inn.
Topics they will discuss include changes in consumer tastes; how operators use technologies like social media and mobile apps; new concepts that help restaurants differentiate themselves from the competition; and issues such as access to capital and new locations.
Our moderators will be David Bonrouhi, Managing Director of Calabasas Capital, and Justine Hunter, a Partner with Moss Adams LLP.
Our panelists will be:
Mario Del Pero, CEO and Founder, Mendocino Farms and Blue Cow Kitchen & Bar. Mendocino Farms serves soups, salads and sandwiches in eight restaurants around Los Angeles, using locally sourced ingredients. Blue Cow, located in downtown Los Angeles, serves locally sourced foods, craft beers and seasonal cocktails in the upscale fast-casual restaurant.
Alan Jackson, Founder and Chef of Lemonade. Alan opened the first Lemonade cafeteria-style fast-casual restaurant in West Hollywood in 2007, and now has 13 more across the Los Angeles area and two in the Middle East. The private equity firm KKR recently acquired a minority stake.
Jim Mizes, President and COO of Blaze Pizza. Jim joined the company in mid-2013, the year after the first Blaze location was opened in Irvine by Rick and Elise Wetzel, founders of Wetzel’s Pretzels. Today Blaze has 32 locations, most franchised, and plans to open 20 more in the next few months.
Erik Oberholtzer, Co-Founder of Tender Greens. Founded in 2006 to offer relaxed fine dining with an emphasis on fresh-picked produce and sustainability, the firm now has 17 locations, with more scheduled to open soon.
Paul Potvin, Chief Financial Officer for California Fish Grill. With nine Southern California locations, California Fish Grill has been serving quality seafood at affordable prices since 1998, including "the widest variety of fish tacos served anywhere." Based in Brea, the chain is backed by the private equity firm KarpReilly LLC.
Calabasas Capital is a boutique investment banking firm providing sellside and buyside M&A advisory and private equity and debt capital raising services to lower-middle-market privately-held companies, with a significant focus on the food and restaurant industries.
Online registration is $35 for ACG Members, $65 for others. Registration at the door (if available) $15 additional.
ACG 101 Members: Jumpstart Your Career or Candidate Search With JobSource!
ACG 101 Corridor Chapter is pleased to provide to its members ACG JobSource, an online resume and job posting service created to bring talent and opportunity together in the middle-market M&A and corporate growth community.
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ACG 101 is one of the fastest-growing chapters of The Association for Corporate Growth, the premier international organization for professionals involved in corporate growth, corporate development and mergers and acquisitions. ACG 101 serves corporate executives and professionals in the West Valley-Ventura County-Santa Barbara areas.
Members of ACG are CEOs, CFOs and COOs of middle market or growing corporations, as well as members of the professional services companies that serve these corporations, such as private equity firms, investment bankers, lenders, attorneys and accountants. ACG has nearly 12,000 members representing 5,000 companies in 53 chapters throughout North America, Europe and in Mexico.
ACG 101 Corridor
3835-R E Thousand Oaks Blvd, #219
Westlake Village, CA 91362
For more information on ACG, click here.
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