Captain D’s looks to build on momentum
Captain D’s Seafood Kitchen is aiming to build this year on same-store sales growth it realized in 2011, chief executive Philip M. Greifeld told Nation’s Restaurant News.
Greifeld joined Nashville-based Captain D’s LLC, parent to the Captain D’s Seafood Kitchen chain, in September 2010, just months after it was acquired by Sun Capital Partners Inc. from equity group Sagittarius Brands Inc.
For several years prior to Sun’s purchase of Captain D’s, the 527-unit counter-service chain suffered from declining sales and unit counts. But Greifeld said current management says it has “stabilized the business,” continued momentum so far this year, and that there is the potential to grow average unit sales volume.