What's Happening?
Amol Kohli, who began his career as a waiter at a Friendly's restaurant in Philadelphia in 2003, has acquired the entire Friendly's chain along with its parent company Brix Holdings and six other restaurant brands. Kohli, now 37, worked various roles at Friendly's while attending Drexel University, where he majored in finance and marketing. Over the years, he gained experience in the restaurant business, eventually franchising 31 Friendly's locations before purchasing the brand outright. The acquisition marks a significant milestone in Kohli's career, reflecting his long-term commitment to the brand.
Why It's Important?
Kohli's acquisition of Friendly's highlights the potential for career growth within a single company, showcasing how dedication and experience can lead to significant business opportunities. This development is significant for the restaurant industry, as it demonstrates the viability of investing in established brands and the potential for revitalizing them under new leadership. Kohli's journey from waiter to owner may inspire others in the industry to pursue similar paths, emphasizing the importance of hands-on experience and strategic investment in achieving business success.
