Olga's currently operates 27 restaurants in four states, severalof which are located inside Schostak-owned malls. "Olga's waslooking for a strategic partner with similar goals and objectives,"says Mark Schostak, president of Team Schostak FamilyRestaurants.
Schostak says Team Schostak plans to concentrate on Michigan andOhio locations, but also has development rights in several otherstates. "The new partnership wants to aggressively look at non-malllocations, either free-standing or in strip centers," says MikeJordan, 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. Sincethen, the company grew into one of the largest Burger Kingfranchisees in Michigan.
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