Advantica-Financial

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International Guild of Hospitality & Restaurant Managers

Advantica Restaurant Group, Inc. is a restaurant company operating (directly and through franchisees) more than 2,400 Denny's, Coco's and Carrows restaurants. The Company's operations are currently conducted through three restaurant chains or concepts that operate in the family-style category of the full-service, mid-scale dining segment. Denny's is the Company's largest concept, with 1,784 units. Coco's is a bakery restaurant chain operating 485 units. The Carrows chain, consisting of 145 units, specializes in traditional American food. During 1999, the Company continued its strategy of growth through franchising by adding to its continuing operations a net 63 units, representing an increase of 114 franchised/licensed units offset by a net decrease of 51 Company-owned units.

Denny's

Denny's is a family-style restaurant chain in the full-service, mid-scale segment. Denny's restaurants currently operate in 49 states and the District of Columbia, two United States territories and four foreign countries, with concentrations in California (21% of total restaurants), Florida (11%) and Texas (9%). Denny's restaurants are designed to provide a dining value, with moderately priced food, friendly and efficient service and a pleasant atmosphere. The restaurants generally are open 24 hours a day, seven days a week. Denny's restaurants offer traditional family fare (including breakfast items, hamburgers, sandwiches, steaks and chicken) and provide both counter and table service. Denny's sales are evenly distributed across each of its dayparts; however, breakfast items account for the majority of Denny's sales. In 1999, Denny's Company-owned restaurants had an average guest check of $6.13 and average sales of $1.3 million. The Denny's system opened 26 Classic Diners in 1999. These restaurants have an upbeat, nostalgic look and feel that appeals to younger customers, while retaining Denny's core brand equities. The Classic Diner features a modular, stainless steel facility, new uniforms, a jukebox and a tailored menu to create an energized dining experience.

Coco's

Coco's is a bakery restaurant chain operating primarily in California as well as Japan, South Korea and the United Arab Emirates. Coco's offers a variety of fresh-baked goods such as pies, muffins and cookies in addition to value-priced menu items. At December 29, 1999, the Coco's chain consisted of 148 Company-owned, 34 domestic franchised and 303 international licensed restaurants. The restaurants are generally open 18 hours a day. Coco's restaurants have uniform menus within the United States and serve breakfast, lunch and dinner. Lunch and dinner dayparts are Coco's strongest, comprising approximately 37.6% and 40.4% of 1999 sales, respectively. In 1999, the average guest check was $7.41, with average Company-owned unit sales of approximately $1.5 million.

Carrows

Carrows is a regional family-style restaurant chain operating primarily in California. Carrows consisted of 117 Company-owned units and 28 domestic franchises at December 29, 1999. Carrows restaurants specialize in traditional American food and have uniform menus, serving breakfast, lunch and dinner. The menu is always current, but not trendy, and is revised regularly to reflect the most appealing foods that guests demand. The restaurants are generally open 18 hours a day. Lunch and dinner dayparts (including late night) are Carrows' strongest, comprising approximately 32.7% and 42.3% of 1999 sales, respectively. In 1999, the average guest check was $6.81, with average Company-owned unit sales of approximately $1.4 million.

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Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.