Olga's currently operates 27 restaurants in four states, several of which are located inside Schostak-owned malls. "Olga's was looking for a strategic partner with similar goals and objectives," says Mark Schostak, president of Team Schostak Family Restaurants.
Schostak says Team Schostak plans to concentrate on Michigan and Ohio locations, but also has development rights in several other states. "The new partnership wants to aggressively look at non-mall locations, either free-standing or in strip centers," says Mike Jordan, president and chief executive officer of Olga's Kitchen, Inc.
In 1981, the retail division of Schostak Brothers & Co. formed King Venture, Inc. to operate Burger King restaurants. Since then, the company grew into one of the largest Burger King franchisees in Michigan.
In 2003, Team Schostak Family Restaurants was created to acquire, manage and develop additional family restaurant concepts.
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