California Pizza Kitchen: Chain Of The Year

January 3, 2008 by Mark | 0 Comments

Pizza Market Place

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Twenty-two years, ago, longtime friends and attorneys Rick Rosenfield and Larry Flax traded the courtroom for the dining room.

The pair always wanted to get into the restaurant business, so in March 1985 they set out to reinvent pizza and opened the first California Pizza Kitchen in Beverly Hills, Calif.

Today, Flax and Rosenfield serve as co-CEOs of a company that operates more than 225 restaurants around the world. The company recorded revenue of $554.6 million in 2006 and is on track to top $600 million for 2007.

And for the first nine months of 2007, same-store sales at CPK were up 4.5 percent, coming on the heels of a 5.9 percent comp increase in 2006 and a 7.5 percent increase in 2005.

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In Franchising in USA and/or Canada, News, Restaurants

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