Development
The Royal Canadian Pancake Houses were owned by Royal Canadian Foods Corp, a Delaware corporation. The first outlet opened up in Tribeca in New York City in 1989. It was followed by the opening of a second location in Midtown Manhattan. In November 1993, the founders, Sheldon Golumbia and Beatrice Puja, took it public with a micro public offering of 250, 000 shares of common stock at a sale price of $5.00/share. Subsequently, two more locations were opened up in NYC, in the Upper West Side and in Gramercy. In Miami Beach, Florida, Royal Canadian Foods also opened a Royal Canadian Pancake House and a Womlette House, featuring “womlettes” (an omelet with a waffle base).
In the fall of 1998, Royal Canadian Foods closed up all their outlets.
Read more about this topic: The Royal Canadian Pancake Houses
Famous quotes containing the word development:
“This was the Eastham famous of late years for its camp- meetings, held in a grove near by, to which thousands flock from all parts of the Bay. We conjectured that the reason for the perhaps unusual, if not unhealthful development of the religious sentiment here, was the fact that a large portion of the population are women whose husbands and sons are either abroad on the sea, or else drowned, and there is nobody but they and the ministers left behind.”
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