GPS Hospitality
| Company type | Private |
|---|---|
| Industry | Restaurant |
| Founded | October 19, 2012 |
| Founder | Thomas A. Garrett |
| Headquarters | Atlanta, Georgia |
Key people | Thomas A. Garrett (CEO) Scott Jasinski (CFO) Brian Arnold (CDO) Michael Lippert (President) |
Number of employees | 10,000+ (2019) |
| Website | gpshospitality |
GPS Hospitality is a privately held company that is primarily a franchisee for quick service restaurants (QSR), including Popeyes Louisiana Kitchen, Burger King and Pizza Hut.[1] GPS Hospitality was founded by Thomas A. Garrett in 2012 and has over 10,000 employees.[2]
History
[edit]GPS's first day in business was October 19, 2012, when it bought 42 Burger King franchises.[3][4]
On July 21, 2015, GPS purchased 60 Burger Kings from one of "Michigan's largest multi-brand restaurant group[s]", TEAM Schostak Family Restaurants, partnering financially up with The Cynosure Group and Nonami Investments.[5][6]
In 2016, GPS became a franchisee of Popeyes Louisiana Kitchens with 7 units[4] and bought 194 more Burger Kings from Strategic Restaurants Acquisition Corporation (SRAC) Holdings. With the additional locations in Mississippi, Alabama, Florida and Arkansas, GPS increased their Burger King presence to 424 units.[1]
On June 8, 2017, GPS added 11 Popeyes Louisiana Kitchen's in Georgia to bring their total up to 19 including, the ones GPS already have franchised in West Virginia.[7]
On November 13, 2018, Burger King Corporation gave GPS three awards, the "Global Franchisee of the Year", "North America Franchisee of the year" and the "Gold Crown" awards.[8]
In 2019, GPS bought 75 Pizza Hut franchises.[9] bringing their portfolio up to almost 500 franchised restaurants.[10] This acquisition kept GPS on their course of achieving their goal of $1 billion revenue by the year 2022.[11]
Charitable contributions
[edit]In 2017, GPS gave senior students graduating $ 1,000 in scholarships "through the Burger King McLamore Foundation" to help in their future education.[12][13]
References
[edit]- ^ a b Upton, Nicholas (December 20, 2016). "GPS Hospitality acquires 194 Burger King locations in Southeast". Franchise Times. Retrieved April 24, 2019.
- ^ "GPS Hospitality". LinkedIn. Retrieved April 25, 2019.
- ^ "Ex-Arby's chief now Burger King franchisee". The Atlanta Journal-Constitution. October 23, 2012. Retrieved April 25, 2019.
- ^ a b Maze, Jonathan (April 4, 2016). "GPS Hospitality strikes franchise agreement with Popeyes". Nation's Restaurant News. Retrieved April 25, 2019.
- ^ "Key Purchases Highlight Midwest Growth as Total Franchises near 200". Business Wire. July 21, 2015. Retrieved April 25, 2019.
- ^ Witsil, Frank (July 21, 2015). "Schostak sells Burger King franchises to Atlanta company". Detroit Free Press. Retrieved April 26, 2019.
- ^ "GPS Hospitality to Purchase 11 Popeyes in Georgia". QSR. June 8, 2017. Retrieved April 28, 2019.
- ^ "Atlanta-based GPS Hospitality wins Burger King Corp.'s Global Franchisee of the Year". The Morning Call. December 7, 2018. Retrieved April 29, 2019.
- ^ Luna, Nancy (April 4, 2019). "Burger King franchisee GPS Hospitality buys 75 Pizza Huts". Nation's Restaurant News. Retrieved April 25, 2019.
- ^ Michaels, Laura (April 10, 2019). "GPS Adds Pizza Huts, Could Cross 500-unit Mark in 2019". Franchise Times. Retrieved April 24, 2019.
- ^ "GPS Hospitality Adds 194 Burger King Restaurants to Its Portfolio". Hospitality Technology. December 28, 2016. Retrieved April 26, 2019.
- ^ Brasch, Ben (May 17, 2017). "Burger King gives scholarships to 8 Cobb students". The Atlanta Journal-Constitution. Retrieved April 26, 2019.
- ^ Farner, Keith (May 20, 2017). "Good News From Schools: Burger King foundation gives scholarships to 17 Gwinnett students". Gwinnett Daily Post. Retrieved April 2, 2019.
