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The Johnny Rockets Group, Inc.
Business Summary
With headquarters in Aliso Vejo, California and founded in 1986 by former clothier Ronn Teitelbaum, privately-held company Johnny Rockets Holdings Inc. operates a chain of hundreds of classic 1940s-America themed diners. Johnny Rockets Holdings is owned by private equity firm RedZone Capital (see PrivCo M&A Table for acquisition details including deal price and multiples). Johnny Rockets restaurants are both corporate owned as well as franchised. Johnny Rockets Holdings operates or franchises units all over the United States, on Royal Caribbean cruise ships, as well as overseas in countries as diverse as Japan, Turkey, Canada and Qatar. Its CEO as of 2010 Tim Fuller notably appeared on the TV series Undercover Boss in late 2010, posing as a junior trainee, in an effort to improve Johnny Rockets' operations.
Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed |
| Year Founded: | 1986 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| City: | Aliso Viejo |
| State/Province: | California |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.johnnyrockets.com |
Corporate Organization
| Subsidiaries: | Tysons Franchise Finance LLC |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Hospitality & Leisure > Restaurants > Casual Dining Restaurants |
| Hospitality & Leisure > Restaurants > Other 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especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2012 |
| Total revenues | View |
| Food and packaging costs | View |
| Labor costs | View |
| Other restaurant operating costs | View |
| Occupancy costs | View |
| General and administrative expenses | View |
| Depreciation and amortization | View |
| Impairment of long-lived assets | View |
| Loss on disposal of assets | View |
| Provision for store closures | View |
| Total operating expenses | View |
| Income from operations | View |
| Interest expense | View |
| Loss on investment in affiliate | View |
| Total other expense | View |
| Income before income taxes | View |
| Income tax benefit | View |
| Net Income (Loss) | View |
| Balance Sheet | 2012 |
| Cash | View |
| Franchise fees receivable | View |
| Inventories | View |
| Other receivables | View |
| Other current assets | View |
| Deferred tax assets | View |
| Total current assets | View |
| Furniture, fixtures, and equipment | View |
| Leasehold improvements | View |
| Total property and equipment, at cost | View |
| Less accumulated depreciation and amortization | View |
| Net property and equipment | View |
| Goodwill | View |
| Intangible assets, net | View |
| Investment in affiliate | View |
| Other assets, net | View |
| Total other assets | View |
| Total assets | View |
| Accounts payable | View |
| Accrued expenses | View |
| Accrued disposition reserves, current portion | View |
| Deferred franchise fees, current portion | View |
| Long-term debt, senior, current portion | View |
| Total current liabilities | View |
| Accrued disposition reserves, net of current portion | View |
| Deferred franchise fees, net of current portion | View |
| Deferred tax liabilities | View |
| Long-term debt, senior, net of current portion | View |
| Long-term debt, subordinate | View |
| Other long-term liabilities | View |
| Total liabilities | View |
| Additional paid-in capital | View |
| Accumulated deficit | View |
| Total shareholder's equity | View |
| Total liabilities and shareholder's equity | View |
| Cash Flow Statement | 2012 |
| Net Income (Loss) | View |
| Depreciation and amortization | View |
| Provision for bad debt | View |
| Impairment loss for long-lived assets | View |
| Loss on disposal of assets . | View |
| Provision for store closures | View |
| Deferred taxes, net | View |
| Franchise fees receivable | View |
| Inventories | View |
| Other receivables | View |
| Other assets | View |
| Accounts payable | View |
| Accrued expenses and other long-term liabilities | View |
| Accrued disposition reserves | View |
| Deferred franchise fees | View |
| Net cash provided by operating activities | View |
| Purchases of property and equipment | View |
| Proceeds from the sales of property and equipment | View |
| Investment in affiliate | View |
| Net cash used in investing activities | View |
| Proceeds from issuance of senior debt | View |
| Principal payments on senior debt | View |
| Principal payments on subordinate debt | View |
| Payment of debt issuance costs | View |
| Net cash used in financing activities | View |
| Net decrease in cash | View |
| Cash, beginning of year | View |
| Cash, end of year | View |
| Employee Figures | 2012 |
| Total Employees | View |
| Financial Notes: | |
| * | The Johnny Rockets Group, Inc. fiscal year end: 12/31 |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Nov. 1995 | Completed | The Johnny Rockets Group, Inc. | Apax Partners, LLP Centre Partners Management, LLC | Majority Acquisition | Unspecified |
| Details | Mar. 2007 | Completed | View | View | Acquisition Leveraged Buyout (LBO) | View |
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Detailed Business Description: The Johnny Rockets Group, Inc.
Privately held company Johnny Rockets Holdings Inc. operates a chain of casual dining and fast food restaurants based on the concept of "retro" 1940s themed American diners. Johnny Rockets Holdings is owned by private equity firm RedZone Capital, the investment firm led by Washington Redskins and Six Flags owner Daniel Snyder (see PrivCo M&A Table for acquisition details including deal price and multiples). Johnny Rockets restaurants are both corporate owned as well as franchised. As a franchiser, Johnny Rockets receives franchise fees and royalties on its franchised restaurants.
Distinguishing features of the Johnny Rockets concept include classic fifties American memorabilia, music, red vinyl seats and diner booths, kethcup served in the shape of a smiling face, and a staff who does a brief dance to fifties music periodically throughout the day.
Johnny Rocket's strategy is increasingly based on expanding its classic "Americana" theme abroad, focusing more on franchising… Continue Reading →
Supplemental Resources
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