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The founder and chief executive of Doherty Enterprises Inc. talks future plans
On July 31, Allendale, N.J.-based Doherty Enterprises Inc. acquired 38 Applebee’s Neighborhood Grill & Bar outlets in Florida and Georgia from Duluth, Ga.-based Gator Apple LLC. The purchase brought the number of Doherty Enterprise’s Applebee’s outlets to an even 100 and substantially bolstered the company’s portfolio, which also includes 32 Panera Bread branches, two Chevys Fresh Mex restaurants, one Noodles & Company, three The Shannon Rose Irish Pubs and one Spuntino Wine Bar & Italian Tapas.
Doherty Enterprises, which generated $338.4 million in revenues for the year ended December 2012, according to Nation’s Restaurant News’ annual Top 100 report on U.S. sales and growth trends, is on target to reach $500 million in sales in the near...
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