Rise & Dine(TM) Restaurants, Inc. has announced that a new executive team is leading the franchise as it readies for a growth spurt. The fast-growing breakfast-lunch chain is opening several new locations nationwide and expanding into new markets.
Rise & Dine(TM) Restaurants multi-unit franchise owners Michael Stasko and Joe Deavenport have purchased a stake in the company and now share ownership with co-owner Butch Velie. Velie, who has an extensive background in restaurant chain startup and franchising with such companies as G.D. Ritzy’s, Inc. and Charley’s Grilled Subs(R), now serves as company CEO and president.
‘We’re pleased to add Joe and Michael to our executive team,’ Velie said. ‘Their backgrounds in franchise operations and management complete our expertise and will prove valuable in servicing our individual franchisees.’
Stasko, a Columbus resident who is a partner in Best Restaurant Equipment & Design, Inc. and has 3 Rise & Dine(TM) Restaurants, is now the company’s chairman. St. Louis-based Deavenport, who owns 3 Rise & Dine(TM) Restaurants and has 1 under construction in his hometown, is assuming the executive vice president and chief operating officer roles.
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