BNET Industries
Last Fiscal Year Sales:$1.0B
- Private
- US
Dow Jones Description
In your hometown or around the country, you have over 360 of our restaurants to choose from to find one great meal. We've been committed to serving high-quality, freshly-made choices for the whole family in a welcoming atmosphere for more than 20 years. Our focus is on traditional 'home cooking', which includes freshly prepared salads, soups, entrees and desserts. We use only the highest-quality ingredients prepared in small batches throughout the day just like you would at home. And the best news is our complete meals include beverages and desserts*. Our commitment to quality started back when Roe Hatlen and C. Dennis Scott founded their first Old Country Buffet restaurant in 1983. Their dream was to build a restaurant company based on a commitment to quality, value and service. With these basic beliefs and the help of many talented, motivated individuals, the two built a thriving buffet restaurant chain. The Company is headquartered in Eagan, Minnesota and is now one of the nation's largest restaurant chains. Today, our founders' continued commitment to a few basic beliefs lives on in our restaurants around the country. Join us and enjoy all the delicious, quality choices we've specially prepared for you. Bring the whole family; there's always plenty of variety to please everyone. "Our food quality, friendly service and cleanliness will exceed our guests' expectations." Our Company is Growing! On November 1, 2006, Buffets Inc. was thrilled to join forces with Ryan's...
Number of Employees 25,000
Contact Information
1460 Buffet Way
Eagan, Minnesota 55121
(651) 994-8608
Peer Companies
NAICS Code Full-Service Restaurants: 722110
News & Analysis
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buffets inc. - All News and Analysis
Buffets Holdings, Inc. Executes Amendment to DIP Credit Agreement
Company Remains on Track to Emerge from Chapter 11 During the First Quarter of 2009 EAGAN, Minn. -- Buffets Holdings, Inc. today announced that it has executed a third amendment to the Debtor-in-Possession DIP Credit Agreement with its lenders. Subject to the approval of the Bankruptcy Court, this amendment...
Buffets Holdings, Inc. Files Plan of Reorganization
Positions Company to Emerge from Chapter 11 with Stronger Balance Sheet EAGAN, Minn. -- Buffets Holdings, Inc. today announced that it has filed its proposed Plan of Reorganization and related Disclosure Statement with the U.S. Bankruptcy Court for the District of Delaware. With this filing, the Company is positioned...
Buffets Holdings, Inc. Subsidiaries Seek Court Authorization to Reject Master Lease for 129 Restaurants
EAGAN, Minn. -- Buffets Holdings, Inc., ("the Company") announced today that several of its subsidiaries have filed a motion with the U.S. Bankruptcy Court for the District of Delaware seeking authorization to reject a master land and building lease for 129 of the Company's restaurants. The motion also seeks court...
Buffets Signs Forbearance Agreement with Credit Agreement Lenders
EAGAN, Minn. -- Buffets, Inc. announced today that it has entered into a Forbearance Agreement and Second Amendment to its Credit Agreement with its senior lenders. The Forbearance Agreement provides Buffets with continued access to its $640 million credit facility and for the lenders to forbear from exercising certain rights...
Chockstone Serves Up Loyalty Program to Buffets, Inc
Leading National Restaurant Group Selects Chockstone to Power Loyalty Marketing Initiatives PORTLAND, Ore. -- Chockstone Inc., provider of the world's most innovative and effective customer loyalty programs to restaurants, announced today that Buffets, Inc., the national leader in buffet dining, has chosen Chockstone's loyalty marketing services for its Old...
Buffets, Inc. Announces Move to Zero Trans Fat Frying Oils
EAGAN, Minn. -- Buffets, Inc. ("Buffets"), announced today a program to convert all of its restaurants to zero trans fat frying oils by the end of the current calendar year. Buffets, with such popular brands as HomeTown Buffet([R]), Old Country Buffet([R]), Ryan's([R]) and Fire Mountain([R]) has been closely reviewing its...
Late to the table: display grills, new carpeting and burritos could bring Buffets Inc. into the 21st century.(Cover story)
[ILLUSTRATIONS OMITTED] On a sweltering Sunday morning in late July, Joe Yannuzzo, a service manager for HomeTown Buffet in Parma, Ohio, is so enthused about a piece of equipment that arrived two days earlier he eagerly leads a guest into the busy kitchen. ...
Buffet segment players attract guests by upgrading offerings while maintaining a reputation for value
As consumers look for more value in their dining options, buffet restaurants aim to drive guest counts by offering tempting, new premium dishes at an all-inclusive price. The 477-unit Golden Corral chain, based in Raleigh, N.C., for example, has extended its theme nights to the lunch daypart, added an...
Buffets Inc. signs seven-year contract extension to serve Coke fountain drinks
EAGAN, MINN. -- Buffets Inc., the operator of 645 restaurants in 39 states, said it has signed a seven-year contract with Coca-Cola North America for the dispensing of Coca-Cola fountain beverages. The agreement extends to all restaurants operating under such brands as HomeTown Buffet, Ryan's, Old Country Buffet, Fire...
Buffets Inc. showcases Alaska Seafood
Juneau, Alaska -- The Alaska Seafood Marketing Institute has teamed up with Buffets Inc. for a "3 From the Sea" promotion that features three seafood dishes, three nights a week, through March at more than 300 Buffets Inc. outlets. One of the special selections is Butter Crumb Alaska Pollock,...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| R. Michael Andrews | CEO |
| A Keith Wall | Executive Vice President and Chief Financial Officer |
| Steven R Layt | Chief Operating Officer |
| Fred P. Williams | Executive Vice President Development |
| H. Thomas Mitchell | Executive Vice President, General Counsel and Secretary |
| Jane L. Binzak | Executive Vice President of Human Resources |
| Karlin A. Linhardt | Executive Vice President of Marketing |
| Linda J. Allison | Executive Vice President Culinary and Training |
| Mario O. Lee | Executive Vice President of Operations |
| Richard Kirk | Vice President |
| Damon Fraser | Counsel |
| Rhiannon Kubicka | Assistant Secretary |
| David S. Lobel | Director |
| Robert A. Ferris | Director |
| Steven Lefkowitz | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Frederick J. Iseman | Chairman |
| Ankur A. Vora | Board of Directors |
| Robert M. Rosenberg | Board of Directors |
| Roe H Hatlen | Vice-Chairman of the Board |
| Organization | Position | Status |
|---|---|---|
| Buffets Holdings, Inc. | CEO | Current |
| Buffets Inc. | CEO | Current |
A. Keith Wall has served as Executive Vice President and Chief Financial Officer of Buffets Holdings and of Buffets since January 2006. Prior to joining Buffets, Mr. Wall served as Vice President and Chief Financial Officer of Worldwide Restaurant Concepts, Inc. from 2001 to 2005. Mr. Wall was also employed at Banner Holdings from 1996 to 2001 as Vice President and Chief Financial Officer of its Central Finance Acceptance Corporation and Central Rents, Inc. units. From 1994 to 1996, he served as Vice President and Controller at Thorn Americas. Mr. Wall has 31 years of experience.
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Executive Vice President and Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Chief Operating Officer | Current |
| Buffets Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Executive Vice President Development | Current |
| Ryan's Restaurant Group Inc. | Executive Vice President Development | Current |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Executive Vice President, General Counsel and Secretary | Current |
| Ryan's Restaurant Group Inc. | Executive Vice President, General Counsel and Secretary | Current |
| Buffets Holdings, Inc. | Executive Vice President | Current |
| Buffets Holdings, Inc. | General Counsel | Current |
| Buffets Holdings, Inc. | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Executive Vice President of Human Resources | Current |
| Ryan's Restaurant Group Inc. | Executive Vice President of Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Ryan's Restaurant Group Inc. | Executive Vice President of Marketing | Current |
| Buffets Inc. | Executive Vice President of Marketing | Current |
| Buffets Holdings, Inc. | Executive Vice President of Marketing | Current |
| Anheuser-Busch Companies, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Executive Vice President Culinary and Training | Current |
| Ryan's Restaurant Group Inc. | Executive Vice President Culinary and Training | Current |
| Buffets Inc. | Operations Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Ryan's Restaurant Group Inc. | Executive Vice President of Operations | Current |
| Buffets Inc. | Executive Vice President of Operations | Current |
| Buffets Holdings, Inc. | Executive Vice President, Buffet Division Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Vice President | Current |
| Buffets Inc. | Store Manager | Former |
Damon Fraser, director and board chair, is the parent of a Nova third grader. As in-house counsel for Eagan-based Buffets, Inc., he brings to the Board seasoned expertise in many different areas of finance, real estate and management. His work as an attorney spans over a decade, and since 1998, Damon has served in many roles at Buffets Inc. He currently serves as Vice President of Restructuring. His primary responsibilities are to manage and oversee the Chapter 11 Restructuring of the company, including managing the many constituencies of lenders, advisors and attorneys. Damon also worked as a real estate attorney for Menard s after earning his law degree from the William Mitchell College of Law in Saint Paul. Damon s primary goals for this school year include continuing to build a strong governing Board, focusing school-wide and community efforts for starting our School of Rhetoric in the fall of 2009, and securing a permanent home for Nova Classical Academy. He looks forward to serving Nova as Board chair and parent volunteer and helping continue its success as a leader in Classical K-12 education.
| Organization | Position | Status |
|---|---|---|
| Company Restructuring | Vice President | Current |
| Buffets Inc. | Counsel | Current |
| Nova Classical Academy | Director and Board Chair | Current |
| William Mitchell College of Law | Law Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Assistant Secretary | Current |
| CI Capital Partners LLC | Chief Administrative Officer | Former |
| CI Capital Partners LLC | Vice President | Former |
| University of Wisconsin | B.A. in Geography | Former |
Frederick J. Iseman. Mr. Frederick J. Iseman has been a director since December 15, 2008. Mr. Iseman is Chairman and Chief Executive Officer of CI Capital Partners LLC, a private equity investment firm he founded in 1993. He is also Chairman of Conney Safety Products, LLC, KIK Custom Products, Valley National Gases LLC, CoVant Technologies, American Residential Services, L.L.C. and Ply Gem Industries, Inc., as well as a member of the Advisory Board of the STAR Fund. He is the former Chairman of Anteon International Corporation. From 1988 to 1990, as a member of Hambro International Equity Partners, Mr. Iseman made or directed investments in healthcare, environmental services, publishing and banking. From 1990 to 1993, he ran Hambro-Iseman Capital Partners and was the controlling shareholder of the public company Geowaste, Inc. In addition, Mr. Iseman is a Board member of the International Rescue Committee, the Metropolitan Opera, the Municipal Art Society, Carnegie Hall, the White Nights Foundation of America and the Academy for Educational Development. Mr. Iseman received a BA in English Literature from Yale College. He is 56 years old.
| Organization | Position | Status |
|---|---|---|
| CI Capital Partners LLC | Chief Executive Officer | Current |
| Caxton-Iseman | Chief Executive Officer | Current |
| Covant | Chairman and Managing Partner of Caxton, Iseman Capital, Inc. | Current |
| Caxton Associates LLC | Managing Partner | Current |
| Ryan's Restaurant Group Inc. | Chairman of The Board and Director | Current |
| Caxton Associates LLC | Chairman | Current |
| KIK Customer Products | Chairman | Current |
| Buffets Inc. | Chairman | Current |
| American Residential Services L.L.C. | Chairman | Current |
| Prodigy Health Group, Inc. | Director | Current |
| The Municipal Art Society | Board Member | Current |
| The Metropolitan Opera | Board Member | Current |
| Ply Gem Holdings, Inc. | Board of Directors | Current |
| Boston Properties, Inc. | Board of Directors | Current |
| Carnegie Hall, Inc. | Board Member | Current |
| CI Capital Partners LLC | President | Former |
| The New Yorker | publisher | Former |
| The New York Times Company | publisher | Former |
| PLY GEM Industries, Inc. | Chairman | Former |
| Caxton-Iseman | Chairman and Managing Partner | Former |
| CI Capital Partners LLC | Managing Partner | Former |
| Ply Gem Holdings, Inc. | Chair of Board | Current |
| Buffets Inc. | Director | Former |
| PLY GEM Industries, Inc. | Director | Former |
| Yale College | BA In English Literature | Former |
| Yale University | Graduate | Former |
| Organization | Position | Status |
|---|---|---|
| Caxton-Iseman | Vice President | Current |
| CI Capital Partners LLC | Vice President | Current |
| Ryan's Restaurant Group Inc. | Board of Directors | Current |
| Buffets Inc. | Board of Directors | Current |
| Buffets Holdings, Inc. | Board of Directors | Current |
| Superior Bancorp | Analyst | Former |
| Wharton Graduate School of the University of Pennsylvania | B.Sc. In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| The Sentinel | Founder | Current |
| Sentinel Capital Partners | Founder | Current |
| Interim Healthcare Inc. | Chairman | Current |
| Reachout Healthcare America | Chairman | Current |
| Spinrite Corp. | Chairman | Current |
| Buffets Inc. | Director | Current |
| Strategic Partners Inc. | Director | Current |
| Buffets Holdings, Inc. | Director | Current |
| Ryan's Restaurant Group Inc. | Board of Directors | Current |
| Smith Barney | Managing Director | Former |
| Sentinel Capital Partners | Managing Partner | Former |
| First Century Partners | General Partner | Former |
| Bain & Company | Consultant | Former |
| Castle Dental Centers, Inc. | Chairman | Former |
| Growing Family Incorporated | Chairman | Former |
| Floral Plant Growers LLC | Chairman | Former |
| Border Foods, Inc. | Director | Former |
| Office Depot, Inc. | Investor | Former |
| Stanford University | MS | Former |
| University of the Witwatersrand | B.Sc. (Hons) | Former |
| Organization | Position | Status |
|---|---|---|
| Covant | Managing Director of Caxton, Iseman Capital, Inc. | Current |
| Caxton-Iseman | Managing Director | Current |
| CI Capital Partners LLC | Managing Director | Current |
| Sequoiaassociates.Com | General Partner | Current |
| Fordham University | Trustee | Current |
| PLY GEM Industries, Inc. | Director | Current |
| Ryan's Restaurant Group Inc. | Board of Directors | Current |
| Fordham University | Board of Directors | Current |
| Buffets Holdings, Inc. | Director | Current |
| Prodigy Health Group, Inc. | Director | Current |
| Covant | Board of Directors | Current |
| Ply Gem Holdings, Inc. | Board of Directors | Current |
| American Residential Services L.L.C. | Director | Current |
| Buffets Inc. | Director | Current |
| Arcata | Vice President | Former |
| Sequoiaassociates.Com | Founder | Former |
| Anteon International Corporation | Director | Former |
| Boston College | Former | |
| Fordham University Law School | Former | |
| Arcata | Member | Former |
| Organization | Position | Status |
|---|---|---|
| Ryan's Restaurant Group Inc. | Board of Directors | Current |
| Talkibie | Board of Directors | Current |
| International Franchise Association | Board of Directors | Current |
| Sonic Corporation | Board of Directors | Current |
| National Restaurant Association | Board of Directors | Current |
| PC Repair Blog | Board of Directors | Current |
| Buffets Inc. | Board of Directors | Current |
| Buffets Holdings, Inc. | Director | Current |
| International Franchise Association | Trustee | Current |
| Dunkin' Brands, Inc. | Chief Executive Officer & Founder | Former |
| Organization | Position | Status |
|---|---|---|
| Buffets Inc. | Vice-Chairman of the Board | Current |
| Buffets Holdings, Inc. | Director | Current |
| Buffets Inc. | Chief Executive Officer | Former |
| Buffets Holdings, Inc. | Chief Executive Officer | Former |
| Buffets Holdings, Inc. | Chief Financial Officer | Former |
| Buffets Inc. | Chief Financial Officer | Former |
| Buffets Inc. | Executive Vice President | Former |
| Buffets Holdings, Inc. | Executive Vice President | Former |
| Buffets Inc. | Co-Founder | Former |
| Buffets Inc. | Chairman | Former |
| Buffets Inc. | Director | Former |
Steven M. Lefkowitz is a Managing Director of Caxton-Iseman, which he joined in 1993. Mr. Lefkowitz is a director of KIK Custom Products, Valley National Gases, Inc., American Residential Services, L.L.C., Electrograph Systems, Inc., Prodigy Health Group, Ply Gem Industries, Inc. and Buffets, Inc., and a former director of Anteon International Corporation, Mr. Lefkowitz was formerly a Vice President and limited partner in Mancuso & Company's $100 million equity fund, where he specialized in the acquisition of consumer product companies. Mr. Lefkowitz was a director of Sports Holding Corp., the world's largest manufacturer of hockey sticks, hockey equipment and outdoor footwear. Mr. Lefkowitz also participated in the acquisition of Life Fitness, the largest electronic fitness equipment manufacturer, which was sold to Brunswick. Mr. Lefkowitz attended Northwestern University and Kellogg Graduate Business School. He is from Columbus, Ohio.
| Organization | Position | Status |
|---|---|---|
| Caxton-Iseman | Managing Director | Current |
| Covant | Managing Director of Caxton, Iseman Capital, Inc. | Current |
| PLY GEM Industries, Inc. | Director | Current |
| Covant | Board of Directors | Current |
| Ply Gem Holdings, Inc. | Board of Directors | Current |
| Conney Safety Products | Director | Current |
| Gem Industries, Inc. | Director | Current |
| Ryan's Restaurant Group Inc. | Board of Directors | Current |
| Prodigy Health Group, Inc. | Director | Current |
| Buffets Inc. | Director | Current |
| KIK Customer Products | Director | Current |
| American Residential Services L.L.C. | Director | Current |
| Buffets Holdings, Inc. | Director | Current |
| CoVant Technologies LLC | Director | Current |
| CI Capital Partners LLC | President | Former |
| Anteon International Corporation | Director | Former |
| Northwestern University | Former |
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