Olga Loizon founded Olga’s in 1970 in Troy, Michigan, later taking her “Original Olga” broiled, seasoned beef and lamb sandwiches with onions, tomatoes and “Olga sauce” to strip centers, malls and freestanding sites. Olga’s, which sees itself as an alternative to fast food and fast casual choices, has three new units in the works for 2007. Marketing director Steven Frank also notes plans for Olga’s to team up with Michigan-based TEAM Schostak Family Restaurants to open up to 10 units in St. Louis, plus 15 set for Michigan and Ohio, a joint venture expected to double sales.
|2006 Systemwide Sales||$42,000,000|
|% Change in Sales||18.3%|
|2006 U.S. Units||30|
|% Change in Units||11.1%|
|2006 Average Unit Volume||$1,400,000|
|% Change in AUV||6.1%|
|Future 50 Year||2007|