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Saladworks
Business Summary
Saladworks is a privately-held company that specializes in fresh-tossed salad stores. Saladworks is headquartered in Conshohocken, Pennslyvania.
Saladworks was founded in 1986 by John Scardapane with one location inside a New Jersey shopping mall food court. Saladworks began franchising in 1992. Saladworks,’ unique selling proposition is it offers fresh-tossed salads made to order for its customers. Saladworks is the largest fresh tossed salad concept restaurant franchiser, with over 100 franchised locations in the U.S., with additional stores existing in Canada and planned overseas. (Unlike many long time franchisers, Saladworks maintains very few company-owned locations; see PrivCo Finance Exhibit: Saladworks franchised and company owned stores by year for additional details). In addition to its unique concept, Saladworks competes for franchisees through its very low startup costs relative to other franchise concepts. The company’s branded “True Nutrition” menu has further expanded Saladworks’ offerings into very low calorie menu items including soups in addition to its salads.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1986 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Conshohocken |
| State/Province: | Pennsylvania |
| Country: | United States |
| Phone: | View |
| Website: | www.saladworks.com |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Hospitality & Leisure > Restaurants > Casual Dining Restaurants |
| Hospitality & Leisure > Restaurants > Fast-Food Restaurants |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Competitors
| Tossed |
| Doctor's Associates, Inc. |
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 |
| Total revenues from franchising operations | View | View |
| General and administrative expenses | View | View |
| (Loss) income from franchising operations | View | View |
| Gain on sale of company-owned stores | View | View |
| Sales-owned stores | View | View |
| Cost of sales -owned stores | View | View |
| operating expenses -owned stores | View | View |
| Income from store operations | View | View |
| Income from operations | View | View |
| Interest income | View | View |
| Interest expense | View | View |
| Return on investment - member | View | View |
| Loss on disposal of equipment | View | |
| Total other expense | View | View |
| Net loss | View | View |
| Net loss attributable to the non-controlling affiliate interest | View | View |
| Net (loss) income attributable to the controlling interest | View | View |
| Balance Sheet | 2011 | 2010 |
| Cash and cash equivalents | View | View |
| Accounts receivable | View | View |
| Inventory | View | View |
| Notes receivable, current portion | View | View |
| Due from advertising fund | View | View |
| prepaid expenses | View | View |
| Loan to member | View | View |
| Total current assets | View | View |
| Property and Equipment | View | View |
| Other assets | View | View |
| Total assets | View | View |
| Current portion of long-term debt | View | View |
| Accounts payable and accrued expenses | View | View |
| Deferred royalties and fees | View | View |
| Total current liabilities | View | View |
| Long-term debt, net of current portion | View | View |
| Security deposits payable | View | View |
| Total long-term liabilities | View | View |
| Total liabilities | View | View |
| Controlling interest | View | View |
| Non-controlling interest - affiliate | View | View |
| Total members' equity | View | View |
| Total liabilities and members' equity | View | View |
| Cash Flow Statement | 2011 | 2010 |
| Net (loss) income attributable to the controlling interest | View | View |
| Net loss attributable lo the non-controlling affiliate interest | View | View |
| Depreciation and amortization | View | View |
| Bed debt | View | View |
| Loss on disposal of equipment | View | |
| (Increase) decrease in accounts receivable | View | View |
| (Increase) decrease in inventory | View | View |
| (Increase) decrease in due from advertising fund | View | View |
| (Increase) decrease in prepaid expenses | View | View |
| (Increase) decrease in security deposits | View | View |
| (Increase) decrease in benefit interest in officer life insurance | View | View |
| (Increase) decrease in stores held for resale | View | View |
| (Increase) decrease in menu conversion | View | |
| Increase (decrease) in accounts payable and accrued expenses | View | View |
| Increase (decrease) in deferred royalties and fees | View | View |
| Increase (decrease) in security deposits payable | View | View |
| Net cash provided (used) by operating activities | View | View |
| Collection of notes receivable | View | View |
| Increase in note receivable | View | |
| Purchase of property and equipment | View | View |
| Net cash used by investing activities | View | View |
| Borrowing on bank line of credit | View | View |
| Repayments of long-term debt | View | View |
| Loan to member | View | View |
| Members' distributions | View | View |
| Net cash (used) provided by financing activities | View | View |
| Decrease in cash and cash equivalents | View | View |
| Cash and cash equivalents beginning | View | View |
| Cash and cash equivalents ending | View | View |
| Financial Notes: | |
| * | Saladworks fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Saladworks financials to Excel and create your own graphs.)
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Saladworks Total revenues from franchising operations ($ MM): |
Saladworks General and administrative expenses ($ MM): |
Saladworks (Loss) income from franchising operations ($): |
Saladworks Gain on sale of company-owned stores ($ MM): |
Saladworks Sales-owned stores ($ MM): |
Saladworks Cost of sales -owned stores ($ MM): |
Saladworks operating expenses -owned stores ($ MM): |
Saladworks Income from store operations ($): |
Saladworks Income from operations ($): |
Saladworks Interest income ($): |
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Saladworks Return on investment - member ($): |
Saladworks Total other expense ($): |
Saladworks Net loss ($): |
Saladworks Net loss attributable to the non-controlling affiliate interest ($): |
Saladworks Net (loss) income attributable to the controlling interest ($): |
Saladworks Cash and cash equivalents ($ MM): |
Saladworks Accounts receivable ($ MM): |
Saladworks Inventory ($): |
Saladworks Notes receivable, current portion ($): |
Saladworks Due from advertising fund ($): |
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Saladworks Total current assets ($ MM): |
Saladworks Property and Equipment ($ MM): |
Saladworks Other assets ($ MM): |
Saladworks Total assets ($ MM): |
Saladworks Current portion of long-term debt ($): |
Saladworks Accounts payable and accrued expenses ($): |
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Saladworks Total current liabilities ($ MM): |
Saladworks Long-term debt, net of current portion ($ MM): |
Saladworks Security deposits payable ($): |
Saladworks Total long-term liabilities ($ MM): |
Saladworks Total liabilities ($ MM): |
Saladworks Controlling interest ($ MM): |
Saladworks Non-controlling interest - affiliate ($ MM): |
Saladworks Total members' equity ($ MM): |
Saladworks Total liabilities and members' equity ($ MM): |
Saladworks Net (loss) income attributable to the controlling interest ($): |
Saladworks Net loss attributable lo the non-controlling affiliate interest ($): |
Saladworks Depreciation and amortization ($): |
Saladworks Bed debt ($): |
Saladworks (Increase) decrease in accounts receivable ($): |
Saladworks (Increase) decrease in inventory ($): |
Saladworks (Increase) decrease in due from advertising fund ($): |
Saladworks (Increase) decrease in prepaid expenses ($): |
Saladworks (Increase) decrease in security deposits ($): |
Saladworks (Increase) decrease in benefit interest in officer life insurance ($): |
Saladworks (Increase) decrease in stores held for resale ($ MM): |
Saladworks Increase (decrease) in accounts payable and accrued expenses ($): |
Saladworks Increase (decrease) in deferred royalties and fees ($): |
Saladworks Increase (decrease) in security deposits payable ($): |
Saladworks Net cash provided (used) by operating activities ($ MM): |
Saladworks Collection of notes receivable ($): |
Saladworks Purchase of property and equipment ($): |
Saladworks Net cash used by investing activities ($): |
Saladworks Borrowing on bank line of credit ($ MM): |
Saladworks Repayments of long-term debt ($ MM): |
Saladworks Loan to member ($): |
Saladworks Members' distributions ($): |
Saladworks Net cash (used) provided by financing activities ($ MM): |
Saladworks Decrease in cash and cash equivalents ($): |
Saladworks Cash and cash equivalents beginning ($ MM): |
Saladworks Cash and cash equivalents ending ($ MM): |
Saladworks Total Employees: |
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Saladworks Company-Owned Locations: |
Saladworks U.S. Franchises: |
Saladworks Franchise royalties ($ MM): |
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Saladworks Commissions from suppliers ($ MM): |
Saladworks Other income ($): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Apr. 2011 | Completed | View1 | View | Acquisition | View |
| 1 | James Dooney divested Saladworks New...Read More → |
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Supplemental Resources
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