The Krystal Company announced the sale of the 80-year-old hamburger chain to Argonne Capital Group LLC, a private investment firm based in Atlanta, for an undisclosed amount. Krystal announced late last summer that it had retained Piper Jaffray & Co. to market the Chattanooga, Tennessee–based chain for a potential sale.
Krystal Restaurants, the Southern fast food restaurant chain known for its hot, small, square Krystal burgers, has introduced two new combo meals to the menu.
For Krystal lovers with a sweet tooth, ordering three Krystals, fries, and a drink now comes with the Strawberry Shortcake dessert, which was just introduced to the menu last summer.
And sports fans can enjoy the Tailgater Combo that includes 12 Krystals, 20 wings, two fries, and two drinks.
Just in time for the holidays, Krystal, the Southern chain known for its square Krystal burgers, announced it will be giving coupon books with each $10 gift card purchase. The coupon books are valued at $20. Gift cards are currently available and the coupon books will be given away with purchase from Nov. 21 through Dec. 18.
In late August, Hurricane Irene was churning in the Atlantic Ocean. Having already pummeled Puerto Rico, the powerful storm turned toward the U.S. East Coast, threatening much of the Mid-Atlantic region and keeping meteorologists guessing as to where exactly it might make landfall.
But Irene scared more than just weathermen and beach vacationers; quick-serve executives were also keeping a close eye on the storm’s path to gauge which of their stores could be impacted, and how much of a disruption it would create in their supply chains.
It’s true that different brands excel at different things, be it in the area of nutritional offerings, customer service, or speed.
It’s true, too, with drive-thru service; some brands perform better than the rest. And this year the QSR Drive-Thru Performance Study focuses on seven brands as a benchmark group that have consistently, year after year, risen to the top of the heap in drive-thru performance.
Drive-thru performance was first studied in 1998 to gauge the speed and accuracy of fast feeders and encourage the industry to improve its service. And improve it did:
The Krystal Company today announced that it is exploring a possible sale of the company.
It operates 364 company-owned and franchised restaurants in 11 states across the Southeast.
Piper Jaffray Companies, a middle-market investment bank, has been engaged to assist in the process.
“Having seen the company through significant growth since 1997, the board feels that now is the appropriate time to seek a new investor to help take the company to the next level,” says Fred Exum, president and CEO of the Krystal Company.
Krystal crowned three winners of its “Design a Box” contest that invited customers to conceptualize their own versions of the signature Krystal Box.
Winners of the contest, which solicited more than 4,000 box designs from customers after it launched in the fall, were unveiled on Wednesday.
Krystal vice president of marketing Brad Wahl says the promotion was a “huge success,” and that it was like “a focus group for the brand.”
Media measurement technology firm General Sentiment released its newest brand analysis, the Fall 2010 Fast Food Industry Report. The report highlights the brands that made the most significant media impact online between September and November. Despite declining nearly 20 percent since the summer, Starbucks still topped General Sentiment’s Impact Value rankings, more than doubling the totals of second and third place brands McDonald’s and Burger King.
Krystal is asking its customers to flex their creative muscles by submitting designs for one of the brand’s signature packaging materials—the Krystal box that carries its burgers.
The Design-A-Box challenge, which runs through the end of January, will reward one artist with $10,000 and the opportunity to have their design splashed across Krystal boxes system-wide.
As Berry Chill founder and CEO Michael Farah implemented his plans to open the first of his three Chicago-area locations, he took a bizarre step for a business yet to open: He set up a Facebook page before ever selling its first treat.
“I wanted to build buzz on the brand,” he says. “I wanted to target a younger audience, and Facebook was an easy way to find our customer base.” His friends initially comprised the majority of his fans, but thanks to strong word-of-mouth, the Berry Chill page had 500 fans before the grand opening.