TEAM Schostak Family Restaurants Acquires 56 Michigan Wendy’s Restaurants
TEAM Schostak Family Restaurants (TSFR) has acquired 56 Wendy’s restaurants in Michigan as the company continues its strategic growth and investment throughout the state. With the addition of Wendy’s to its portfolio of restaurant concepts, TSFR now owns and operates more than 160 restaurants throughout Michigan.
TEAM Schostak Family Restaurants has a reputation for leading the way in the restaurant industry and a proven legacy of growing great restaurant concepts in Michigan due to the hard work and dedication of our team. As our team actively sought opportunities to grow TSFR’s restaurant business, this unique opportunity came up in our home state to purchase these Wendy’s and the acquisition was a strategic and natural fit. We see tremendous growth opportunity with Wendy’s both in the communities we are currently operating in, as well as in new communities throughout Michigan.
The Schostak family has had a footprint in Michigan for nearly 100 years, starting its business in real estate.Nearly 40 years ago, the family diversified its business and began TSFR when it became a franchisee of BURGER KING ®. Throughout its 34 years with BURGER KING, TSFR grew the quick service chain from one to 60 restaurants in Michigan before selling its stake in the brand in 2015. Today, TSFR owns and operates 65 Applebee’s, 27 Olga’s Kitchen, 14 MOD Pizza and eight Del Taco restaurants throughout the state with plans underway to expand each concept. In 2018, TSFR opened the first co-branded Applebee’s/IHOP restaurant located inside the Millender Center in Detroit.
“We are thrilled to welcome TEAM Schostak Family Restaurants to the Wendy’s family,” said Angela Coppler, senior director of global franchise recruiting at The Wendy’s Company. “TSFR is a known leader in the restaurant industry with a successful track record of growing and operating numerous restaurant concepts, and we are excited about their commitment to help grow Wendy’s.”
A 2018 Top Workplaces honoree with a focus on developing and training its team, TSFR will add 1700 employees as a result of the acquisition, providing each with a family-like work atmosphere with potential for upward mobility and performance rewards.