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TM Restaurant Group LLC history
TM Restaurant Group LLC company history timeline
RTB's founder, Russ Umphenour, was born in San Francisco in 1944 and raised in Nebraska.
After the chain was sold, Cummings developed his own "Famous Recipe" chicken and began franchising Lee's in 1966.
He was named director of operations in January 1970, and over the next three years succeeded in dramatically growing sales.
Umphenour and Partners Launch RTM in 1973
In 1978, the company acquired a hamburger chain and converted it to Rusty's, a concept similar to Wendy's.
Also in 1978, RTM took the first step in computerizing its operations.
Shoney's acquired the franchise rights in 1981.
In 1988, the company tried to diversify beyond Arby's by opening Fajita Junctions restaurants in San Francisco and Atlanta, but the effort failed.
In August 1989, RTM expanded beyond its portfolio of Arby's restaurants when it sold most of its Los Angeles units to finance the purchase of Mrs.
Winner's was further buoyed by the introduction of a new fried chicken recipe in 1992.
1995: Lee's Famous Recipe chain is acquired.
1997: RTM acquires all of Arby's company-owned restaurants.
In January 2000, long-time RTM executive Dennis E. Cooper replaced Umphenour as chairman, a change which merely reflected realities.
In 2002, however, RTM was unsuccessful in buying the second largest Arby's franchisee, the 293-unit Sybra Inc., which had fallen into bankruptcy.
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TM Restaurant Group LLC competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Condor Hospitality Trust | - | $570,000 | 5 | - |
| Lodgian, Inc. | 1956 | $280.0M | 3,046 | - |
| Hardage Hotels I | 1995 | $14.0M | 200 | - |
| GF Hotels & Resorts | 1988 | $18.0M | 100 | 5 |
| Arlington Hospitality Inc | 1984 | $110.0M | 889 | - |
| Image Hotel Systems, Ltd. | - | - | - | 22 |
| Kelly Inns | - | $8.1M | 500 | - |
| Procaccianti Group | 1958 | $11.6M | 100 | 58 |
| Alicart Restaurant Group | 1990 | $350,000 | 6 | - |
| Coakley & Williams Hotel Management | 1961 | $26.0M | 80 | - |
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