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2006 » Issue 32, Published on Wednesday, August 9, 2006 » Business

The Restaurant Finance Monitor, a national industry publication, ranked Los Altos-based Harman Management Corporation No. 2 in the top 200 multiunit restaurant franchisees in the nation. According to the rankings, Harman Management, one of the largest franchisees of KFC, earned the position with revenue of approximately $424.5 million in 2005.

The annual ranking of franchisees, known as the Monitor 200, tracks the top 200 restaurant franchisees according to annualized revenue. Franchisees needed to generate at least $28 million in revenue to make the list in 2005.

Restaurant franchisees on the list increased sales by 5.2 percent to $19 billion in 2005, beating an industrywide average sales increase. The total domestic restaurant industry generated sales of nearly $330 billion in 2005 for a 5.1 percent sales increase over 2004, according to the National Restaurant Association.

“These 200 franchisees took in 6 cents of every dollar spent at the nation’s 550,000 restaurants last year,” said Paul Olson, director of research for the Restaurant Finance Monitor.

For additional information on the Monitor 200, contact Research Director Paul Olson at (612) 767-3218.

AIG Franchise Finance provides financing for new site development, acquisitions and recapitalizations to proven franchisees, franchisors and chains of scale that value strong client-focused service.

For more information on AIG Franchise Finance, contact Pete Austin at (412) 577-2485.

Harman Management Corporation is located at 199 First St. in Los Altos. For more information, call 941-5681.


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In Our Opinion

Editorial

For the first time in five years, a public elementary school, Gardner Bullis, opened its doors last week in Los Altos Hills. For some, it was, metaphorically speaking, the last stitch removed from the old wound following the closure of the original Bullis-Purissima School in 2003.

For others, including the diehards who formed the successful Bullis Charter School, the sting of the Bullis closure lingers. But our sense is that for most Hills residents not part of the Loyola School coverage area, the opening of Gardner Bullis means the resurrection of a long-sought-after neighborhood school and the community benefits that come with it.