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Franchises
Steak n Shake CEO buys more shares
January 12, 2010
Cory SchoutenSteak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another
big bet
the company's shares are undervalued.
MoreBloomington panel won't support chain-store ban
December 9, 2009
IBJ Staff and Associated PressA task force appointed by Bloomington's mayor will instead look at other options for protecting the small-town character of
the city's downtown from standardized chain stores and eateries.
MoreNoble Roman's gives in to shareholder demands
November 28, 2009
Cory SchoutenPizza chain Noble Roman's Inc. says plans for its first investor meeting in seven years have no connection to an investor's
lawsuit.
MoreNoble Roman's reports profit despite lower revenue
November 10, 2009
Andrea Muirragui DavisIndianapolis-based Noble Roman's Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a
44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million
in 2008.
MoreBloomington chamber weighs in on chain-store ban
November 4, 2009
Kathleen McLaughlinThe Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and
restaurants downtown.
MoreAnderson gas-station chain sues BP after 32-store deal sours
October 31, 2009
Peter SchnitzlerRicker Oil's Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
MoreSteak n Shake nearer to merger with steak chain
October 23, 2009
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
MoreNortheast-side CVS gets nod
October 17, 2009
IBJ StaffThe Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.
MoreNoble Roman's wins latest round in fight with franchisees
August 29, 2009
Cory SchoutenA group of former franchisees of Noble Roman’s Inc. has hired a new attorney to represent them in a case against
the chain after a Hamilton County judge tossed their old lawyer.
MoreIndianapolis loses two Bally fitness centers
June 29, 2009
IBJ StaffThe closures come as the parent company reorganizes and competitors pump up their local presence.
MoreSpicy Pickle sued for unpaid rent at Castleton Square
June 8, 2009
IBJ StaffSimon Property Group Inc. has filed suit against Spicy Pickle franchisee AJ Enterprises LLC, seeking more than $977,000 in
unpaid rent for a prime space at Castleton Square Mall.
MoreBuilding off Circle finally lands a tenant
June 1, 2009
T-Mobile has inked a five-year lease for a 2,200-square-foot space at the 2 N. Meridian St. building on the northwest corner
of Washington and Meridian streets.
MoreRitter's buyer retools custard chain
May 4, 2009
Sam StallIndianapolis residents have been passionate about Ritter's handmade frozen custard ever since it debuted almost two decades
ago. But while the ice cream is sweet, the story of the former mom-and-pop company's attempts to morph into something grander
is decidedly bitter. Now, New York-based TruFoods, which bought the company in May 2008, is trying to get the formula
right.
MoreSteak n Shake hoping to roll out lower-cost, limited-service stores
May 4, 2009
Cory SchoutenTV spots for Steak n Shake Co. used to play up the chain's full-service restaurants, complete with friendly servers, real
plates
and glass ketchup bottles—a departure from the "workaraunts" operated by McDonald's and Burger King. Now, Steak
n Shake is developing plans for its own workaraunts.
MoreFranchisors also feel recession's financial pinch
March 30, 2009
Peter SchnitzlerAbout two dozen franchises based in Indiana are not immune to difficulties during the recession.
MoreFranchise outlook is murky
March 30, 2009
Peter SchnitzlerUndaunted, some entrepreneurs still count on franchises, despite the shaky economy.
MoreNoble Roman's stands to lose more than it's worth in legal action by former franchisees
March 23, 2009
Cory SchoutenMore former franchisees have joined a lawsuit against Noble Roman's Inc., raising the prospect that a courtroom loss could
sink the locally based pizza chain.
MoreCookie Cutters not trimming back on expansion plans
March 16, 2009
Sam StallCookie Cutters, a locally based franchise that offers children's haircuts, is so sure of its grip on its niche that —
in spite of tough economic times — it hopes to increase its
tally of franchised
locations past 100 within five years.
MoreJack in the Box coming to Indy
March 16, 2009
The West Coast fast-food stalwart Jack in the Box is looking to expand to Indianapolis this year.
MoreFranchises can be safer business investments in tough times
December 15, 2008
Scott OlsonWhat is the current state of franchising, given the tough economic environment?
MoreGreen Mountain entrepreneur compiles 17-percent stake in struggling Noble Roman's
November 24, 2008
Cory SchoutenRobert P. Stiller, a lifelong entrepreneur who built Green Mountain into a wholesale coffee giant with 7,000 customers and
$500 million in revenue, owns 3.4 million shares, or 17 percent of the Noble Roman's company.
MoreSteak n Shake CEO ordering up cost cuts, but shares still sag
October 27, 2008
Cory SchoutenThe Steak n Shake Co. has dropped plans to build 20 new restaurants, is cutting overhead expenses by about $20 million, and closed 14 locations. The Indianapolis-based restaurant chain found $16 million in tax savings dating back to 2006 and is working on a new, simple menu built around burgers, fries and milkshakes--all part of a turnaround plan orchestrated by the chain's new CEO, Sardar Biglari.
Hands-on strategy turns Mike's Carwash into industry model
September 22, 2008
Sam StallMike's Express Carwash makes money the old-fashioned way. The second-generation family affair, now celebrating its 60th year, has invested its reserves in steady expansion, becoming a model for the $23.4 billion industry in the process. And its owners still sweat the small stuff.
Ex-franchisees sue Noble Roman's
July 7, 2008
Cory SchoutenNine former Noble Roman's franchisees and a current operator have filed a lawsuit charging that the Indianapolis chain lied
to them about the costs and risks of opening one of its pizza and sub restaurants. The franchisees say the 1,000-restaurant
chain aggressively marketed its stand-alone, dual-brand Noble Roman's and Tuscano's Italian Style Subs restaurants without
testing the concept--a scheme they contend was designed to inflate the company's stock price so owners could unload shares
at a profit.
MoreTexas investor enlists former Steak n Shake exec in quest to revive chain
April 21, 2008
Cory SchoutenTwo executives with longtime ties to The Steak n Shake Co. have joined a dissident Texas investor in his quest to overhaul
the Indianapolis-based restaurant chain. Shareholders who have agreed to work with Sardar Biglari include a former board member
the company once described as a "modern-day founder" of the restaurant chain, along with a former partner in Kelley & Partners
Ltd., the investment firm led by company patriarch E.W. Kelley before his 2003 death.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.