Current Status
Most Rax locations that are still open today are franchisee-owned, with the right to use the Rax name as long as the store is in operation. Many locations have closed in the last decade, and the chain has been reduced in size to 14 locations.
In December 2007, Rich Donohue, a franchise owner with restaurants in Ironton, Ohio and Ashland, Kentucky, purchased the Rax trademark. The new company, From Rax to Rich's Inc., purchased the name to bypass licensing costs, and plan on opening more restaurants in Ohio and Kentucky. The company currently owns the two Lancaster, OH locations in addition to the one in Ironton. The company's short-term goal is to open restaurants around and between Ironton and Lancaster, with possible long-term expansion into Heath, Colfax, Dumontville, and Columbus.
Read more about this topic: Rax (restaurant)
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