BNET Industries
Market Cap:$8.8M
Last Fiscal Year Sales:$56.0M
- Public
- US
Dow Jones Description
Founded in 1986 and headquartered in Grand Rapids, MI, Meritage Hospitality Group is one of the leading Wendy's fast food restaurant franchisees. It offers a variety of menu options through its 50 locations, including burgers, fries, sandwiches, chicken nuggets, chile and Frosty Dairy Desserts. In total, its locations serve more than 9 million hungry patrons a year. Additionally, the company owns several O'Charley's full service casual dining restaurants. In January 2006, the company opened its fifth O'Charley's restaurant.
Chairman, President & CEO
Robert E. SchermerNumber of Employees 75
Contact Information
3210 Eagle Run Drive NE
Suite 100
Grand Rapids, Michigan 49525
(616) 776-2600
Peer Companies
NAICS Code Limited-Service Restaurants: 722211
Recent Events
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Meritage Hospitality swings to 3Q profit
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Sales, Income Up for Wendy's Franchisee Meritage
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Meritage Hospitality Group Inc. sales rise, company buys 20 Florida Wendy's restaurants
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Meritage Reports Second Quarter 2009 Results
News & Analysis
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meritage hospitality group inc. - All News and Analysis
Public-equity options let restaurants cash in: over-the-counter trading and reverse mergers help companies raise capital and sidestep costly reporting requirements
Trading over the counter doesn't have the glamour of being listed on the New York Stock Exchange or Nasdaq, but a number of restaurant chains have found that it's an efficient way to raise capital and avoid dealing with stiff Sarbanes-Oxley reporting requirements. Reverse mergers--in which a corporate identity...
Meritage turns in fiscal 2000 loss of $1.39 million; top line up 11 percent
GRAND RAPIDS, MICH. -- A $554,000 charge for the write-down of assets has been cited by Meritage Hospitality Group Inc. as a major factor in its $1.39 million loss in fiscal 2000. In the previous year the publicly held Wendy's franchisee posted fiscal 1999 earnings of $431,640. Meritage...
Meritage 3-Q profits at $383,753, starts Meijer co-branding
GRAND RAPIDS, MICH. -- Looking to accelerate its growth strategy, Meritage Hospitality Group Inc., the only publicly held Wendy's franchisee in the United States, is expected to open in mid-December its first co-branded location with a Meijer convenience store and gas station and then to build four similar locations next...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Gary A. Rose | CFO, Vice President & Treasurer |
| James R. Saalfeld | General Counsel, Vice President & Secretary |
| Robert H. Potts | Vice President |
| William D. Badgerow | Controller |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Robert E. Schermer | Chairman, President & CEO |
| Brian N. McMahon | Board of Directors |
| Duane F. Kluting | Board of Directors |
| James P. Bishop | Board of Directors |
| Joseph L. Maggini | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | Chairman, President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | CFO, Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | General Counsel, Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Meritage Hospitality Group | Board of Directors | Current |
Executive News
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Meritage Hospitality Group Inc. sales rise, company buys 20 Florida Wendy's restaurants
-
Meritage Reports Second Quarter 2009 Results
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Meritage Reports Second Quarter 2009 Results
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Meritage Reports Second Quarter 2009 Results
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