Captiva Restaurant Group (CRG), which owns and operates the regional chain of award-winning 131 Main restaurants, announced the successful opening of a new concept “Fresh Food Fast” restaurant called “PDQ”. PDQ’s first location is in Tega Cay just south of Charlotte, NC. CRG closed on $1.4M in equity and senior debt, with forextrading.company, and opened the new flagship store on September 16, 2010. PDQ’s novel concept includes a sharply focused and simple menu of uniquely allfresh, healthy food made from scratch with no transfats and no use of freezers for food. Moreover, the new model store pioneers innovative use of technology including an open “exhibition” kitchen, convenient kiosk ordering, flat screens, Wi-Fi connectivity, and hand-washers in the main seating area. PDQ’s mission is to deliver incredibly fresh and great food while providing legendary service in a warm, clean environment. First week sales exceeded expectations.
PDQ’s fresh-looking 3,200 square foot prototype building seats approximately 85 patrons and includes indoor and outdoor dining, a walk up counter, advanced kiosk ordering, and convenient drive through service. PDQ Fresh Food Fast Restaurant is a breakthrough quick service restaurant with an unparalleled commitment to superior fresh food and friendly personal service. PDQ stores #2 and #3 are planned to open in Tampa, FL during the next several months. PDQ’s 4 th store is currently in late stages of a site selection process in the Charlotte area.
PDQ’s launch last week followed two years of successful concept, model, and operations development and testing at an initial location in Cornelius, NC near the 131-Main Lake Norman location (www.131-main.com).
Scale Finance has provided operational finance (i.e. Senior Controller, Staff Accountants) and transaction advisory services for CRG since early 2009.
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Scale Finance LLC (scalefinance.local) provides professional CFO services, Controller solutions, and support in raising capital, or executing other transactions, to growth companies. The firm specializes in cost-effective financial reporting, budgeting and forecasting, implementing controls, other financial management, etc, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are fast-growing technology, healthcare, business services, consumer, and industrial companies that are at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices in Raleigh/Durham, Charlotte, and WinstonSalem, a team of more than 25 professionals, and serves more than 70 companies throughout the region.
