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Olive Garden – The restaurants chain having a thriving global reachOlive Garden is a part of Darden Restaurants, which is an operator of multi brand restaurants in America, headquartered in Orlando. With over 800 restaurants the Restaurant has set itself up for a rejuvenating experience with modern Italy décor in all of its outlets. The Restaurant has reinvigorated new flavors and expanded variety of dishes, adding a sense of Italian tradition in all of their discharges. The First Restaurant was opened in the year 1982 and by the year 1989, it already owned about 145 restaurants across USA.
Olive Garden’s total revenue today on an average is $3.8 Billion with 96,000 employees. Its parent company Darden is a public owned company listed on NYSE, with total employee count of 150,000 and a net income of $475.5 million. Olive Garden is Darden’s most treasured and valued restaurant chain. In the year 2014, Darden was listed among the Fortune 100 Best Companies to work for, for all four years in a row.
Market Value
Darden Restaurants has seven brands under its belt, premiere of which includes Olive Gardens which is its signature brand. Others inclde LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House. Darden is listed on NYSE and its stock exchange market value is $74.00 at present. Its market capital value is $9.16 B and the revenue it collects per employee is about $46,631. The market share of Darden has been witnessing a rise, which has increased by more than 15% since Starboard Value took control over their Board of Directors at a shareholder meeting. Its price per share has gone up by 28 cents and total sales of $1.56 Billion. In order to celebrate the glorious completion of 21 years of Never Ending Pasta Bowl, Olive Garden gave out 21,000 passes for Never Ending Pasta.
Where it all began
Olive Garden is an Italian dining restaurant which was established as a unit of General Mills which later became Darden Restaurants named after founder of Red Lobster, Bill Darden. Olive Garden is Darden’s most important and highest performing restaurant that has been committed to providing warm and exclusive dining experiences to its customers. The company has been actively participating in the welfare of the community that it operates, in and has donated 33 million pounds of food.
After their per-store sales matched their sister company Red Lobster, Olive Garden became the largest Italian themed restaurant in the USA. Established in the year 1982 in Orlando and owns about 800 restaurants at present. The Restaurant has gone through redesigning their logos several times which finally got settled with a logo that it currently embraces. It also includes the option of ordering online as well as smaller portions of lunch. The restaurant that was owned by company exclusively has now decided to operate through partnership franchisees in the Middle Eastern and Asian regions.
Investing in Olive Garden
In order to invest into opening an Olive Garden Franchised restaurant in your locality, you need to be a well-established restaurant brand with sufficient capital, both financial and human, strong infrastructure and highly skilled and a team of proven management personnel. The company is seeking to receive applications from Latin American and Asian territories with a focus on targeting Middle Eastern countries as well. On careful analysis of your market capacities, Darden will decide on whether Olive Garden has the potential for high growth rate in those respective markets.
Mac Garry Bowen takes care of the advertisements for Olive Garden and Starcom handles the buying procedures. In order to seek information on international franchising, you may contact through the company’s official website directly. In case you are a food or beverage supplier and want to engage in business dealings with Darden, you can register through their Darden Supplier Information Management System. On successful completion of the questionnaire provided on their website, the company will be notified and they will contact you for further correspondences.
