Company type | Private |
---|---|
Industry | Foodservice |
Founded | 1978 Hermiston, Oregon, U.S. |
Headquarters | Beaverton, Oregon, U.S. |
Key people | Samuel Borgese (CEO) [1] |
Revenue | $97.6 million (2006) |
Owner | Circle Peak Capital |
Number of employees | 4,000 (2017) [1] |
Subsidiaries | Coco's Bakery |
Website | sharis.com |
Footnotes /references Company data. [2] |
Shari's Cafe & Pies, originally known as Shari's Restaurants, is a chain of family dining restaurants in the western United States based in Beaverton, Oregon. [3] [4] Its restaurants are pie-oriented. [5] The franchise's original restaurant was opened in Hermiston, Oregon, in 1978. [3] In mid-2017, the company was operating 95 locations, just one fewer than in the year 2000. [1] [6] As of July 2024, the company operates 66 locations in California, Idaho, Oregon, Washington, and Wyoming. [7] Shari's are known for their familiar hexagonal building design. [8]
Shari's began in Hermiston, Oregon, in 1978 with Ron and Sharon Bergquist as proprietors. [9] The two ran the company for seven years. By 1999, Shari's was the ninth-largest family restaurant chain in the United States based on total sales, and sixth in growth. [10]
In March 1999, the chain was acquired by Fairmont Capital Inc. for $60 million. [11] At that time Shari's operated 96 locations in seven states with 4,000 employees and $128 million in annual revenue. [11] They were still the ninth largest family chain in 2003. [12]
Shari's lost a gender discrimination lawsuit in April 2005 and was ordered to pay $122,225 in damages. [13] [14] In December 2005, the company was purchased by New York private investment firm Circle Peak Capital. [9]
President Larry Curtis retired in July 2008 after 24 years with Shari's and was succeeded by Bruce MacDiarmid.[ citation needed ] In 2009, Shari's Restaurants took ownership of a number of northern California Baker's Square restaurants and converted them to operate under Shari's name. [15] Since approximately the middle of 2011–2012, the chain has updated its logo and bills itself on signs and in media as "Shari's Cafe & Pies."[ citation needed ]
At one point, Shari's also had several restaurants in Colorado, Utah, Arizona, and Texas. The restaurant company permanently closed all of its locations within those four states due to poor management sometime between the mid-1990s and early 2000s. In July 2023, the only restaurant in Scottsbluff, Nebraska had shut down as well.[ citation needed ] The chain is currently operated by Shari's Management Corporation in Beaverton. Most, but not all locations are open 24 hours a day, with a focus on specialty pies. [16] Samuel Borgese was named CEO in September 2017, replacing MacDiarmid. [1] [3] [1] [6] [ citation needed ]
In September 2018, it was announced that Shari's Cafe & Pies had taken over Carrows and Coco's Bakery. [17] [18]
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