Bob Evans Restaurants, an American restaurant chain founded in 1948, is now owned by Post Holdings. Post Holdings is a publicly-traded consumer packaged goods holding company based in St. Louis, Missouri. The company was formed through the merger of Ralcorp and ConAgra Foods’ private label business in May 2015 and completed the acquisition of Bob Evans Farms Inc. on November 1st 2017 for $1.5 billion dollars.
Bob Evans restaurants offer breakfast all day as well as lunch and dinner items including sandwiches, sides and desserts at over 600 locations throughout the Midwest and mid-Atlantic states primarily under the Bob Evans name with a few using their Mimi’s Cafe brand name instead .
Bob Evans Restaurants is a chain of family-style restaurants with over 500 locations in 18 states throughout the United States. The company has been owned by Golden Gate Capital, a private equity firm based in San Francisco, since 2017. Before then it was owned and operated by Bob Evans Farms Inc., founded by Bob Evans himself back in 1948.
Today, Bob Evans Restaurants continue to be known for their homestyle comfort food like mashed potatoes and gravy, farm-fresh eggs and sausage links that are served all day long.
Why You Don’t See Many Bob Evans Restaurants Around Anymore
How Did Bob Evans Die
Bob Evans, the founder of Bob Evans Restaurants, passed away on June 21st of 2007 at the age of 89. He was survived by his wife Jewell and their five children. The cause of death was not immediately released, however it has since been revealed that he died from natural causes while in hospice care in Columbus, Ohio.
His legacy lives on through the Bob Evans brand which still operates over 500 restaurants around the United States to this day.
Who Owns Bob Evans Franchise?
Bob Evans is a restaurant chain based in the United States that has been around since 1948. The restaurants specialize in home-style comfort food such as sandwiches, salads, and breakfast foods like pancakes and omelets. While Bob Evans Restaurants are located throughout the country, many of them are owned by franchisees who have purchased certain rights to operate their own independently-owned locations.
Franchise owners have access to all of the support services provided by Bob Evans headquarters including marketing, advertising, operations assistance, employee training and development programs. As an owner/operator of a Bob Evans location you will be responsible for managing your business day-to-day operations while adhering to any rules or regulations imposed by the franchisor. In addition to providing excellent customer service at each location you must also maintain high standards when it comes to food preparation and safety guidelines set forth by both state and federal health codes.
When Did Bob Evans Get Bought Out?
Bob Evans, the restaurant chain known for its homestyle comfort food and hospitality, was acquired by Golden Gate Capital in April of 2017. The acquisition came after Bob Evans’ parent company (Bob Evans Farms) announced plans to split off their restaurant business into a separate entity back in 2015. After two years of negotiations between both companies, Bob Evans finally agreed to sell their namesake brand for $565 million.
Since then, Golden Gate Capital has continued to grow the franchise with new locations and menu items that appeal to a wider customer base. In addition, they have also made efforts to modernize some aspects of the dining experience including digital ordering systems and table-top touch screens at select restaurants. With over 600 locations across 18 states today, it is clear that Bob Evan’s decision to get bought out has been a successful one!
How Much is Bob Evans Company Worth?
Bob Evans company is a publicly traded company, and as of August 2020 its market capitalization was estimated to be around $1.2 billion. Founded in 1948 by Bob Evans himself, the Ohio-based restaurant chain has come a long way since then and now has over 600 locations across 23 states of the United States. As for its financials, Bob Evans generated total revenue of about $1.2 billion in 2019 with net income of around $36 million that year.
The company also had an equity value at the end of 2019 worth approximately $500 million while its cash balance stood at almost $400 million during that period.
Where is the Original Bob Evans Restaurant?
The original Bob Evans restaurant opened in 1948 in Rio Grande, Ohio, by founder Bob Evans. This small diner was located near his sprawling farm and sausage-making business, which has since become a beloved American food brand. The first restaurant served home-cooked meals with ingredients made from the livestock that lived on the farm and they quickly became known for their delicious homemade sausage gravy.
Over the years, Bob Evans has grown to hundreds of restaurants across 25 states serving classic comfort foods like homestyle fried chicken, mashed potatoes and biscuits – all crafted with quality ingredients from family farms. The original location still stands today as a reminder of its humble beginnings where it all began more than 70 years ago.
Conclusion
In conclusion, Bob Evans Restaurants is a popular chain of restaurants that has been around for many years. It is owned by Golden Gate Capital and was previously owned by Bob Evans Farms; however, it still maintains the same quality food and service that customers have come to expect over the years. Their dedication to providing delicious home-style meals and friendly customer service make them a staple in many communities across the United States.
