When thinking about Cheesecake Factory, it only brings an image of a buffet of desserts displayed in a glass case. However, have you ever wondered who owns the Cheesecake factory?
From having a plethora of dishes on its menu to being the first restaurant to be named “Fortune 100 Best Companies to Work For” for 10 consecutive years, this restaurant is the leader in experiential dining.
Let’s get started on understanding the restaurant chain and our blazing question-who owns the Cheesecake Factory, and is Cheesecake Factory expensive?
About The Cheesecake Factory
It all started way back in 1978 when David M. Overton decided to open his own small salad and sandwich restaurant in Beverly Hills, California.
Through his mother’s recipe for scrumptious cheesecake, he also sold 10 varieties of cheesecake in his restaurant on a one-page menu.
The restaurant now has 288 restaurants and offers a wide array of dishes on its menu, more than 235 items.
The Cheesecake Factory also owns two bakery production facilities, namely- Calabasas, California, and Rocky Mount, North Carlina.
What Restaurants Cheesecake Factory Owns?
The Cheesecake Factory has acquired a variety of subsidiaries and brands that also differ in type.
The most popular subsidiary that Cheesecake Factory owns is the North Italia restaurant chain which offers a modern interpretation of Italian cooking and is expanded across the United States.
Other well-known subsidiaries of the Cheesecake Factory are Fox Restaurant Concept and Social Monk Asian Kitchen.
The Cheesecake Factory also owns a catering division named The Cheesecake Factory at Home.
It offers a variety of menus for special events and occasions.
The Cheesecake Factory is also a parent company to a dozen of other restaurants, both internally developed and externally owned.
These are as follows:
- The Arrogant Butcher
- The Green House
- The Henry
- Grand Lux Cafe
- Flower Child
- RockSugar South East Asian Kitchen
What’s fascinating is that they have compiled hundreds of restaurants and their locations in a single document.
Who Owns The Cheesecake Factory?
Currently, the CEO of the Cheesecake Factory is David M. Overton, who founded the company in 1978.
However, the company is owned by a number of shareholders because the company is publicly traded on NASDAQ.
It is publicly traded under the ticker symbol CAKE.
The company is owned by 93.57% of institutional shareholders, 2.15% of Cheesecake Factory insiders, and 4.28% of retail investors.
However, the largest individual cheesecake Factory owner is David M. Overton who is also the founder and ceo of the company.
How much does the CEO earn from Cheesecake Factory?
The total yearly compensation of David M. Overton is $7.18 million, which is comprised of 14.1% salary and 85.9% bonuses, including company stock and options. He directly owns 6.53% of the company’s shares, which are worth $123.62 million.
Is Cheesecake Factory- A Corporation or A Franchise?
Many people get confused about whether Cheesecake Factory is a corporation or a franchise.
A franchise involves multiple independent business owners operating their business under a single brand.
But the Cheesecake Factory is a corporation and not a franchise meaning it is a single legal entity managed and owned by its various board of directors.
Therefore, all the Cheesecake Factory restaurants are owned and operated by the company only.
Fun Facts About Cheesecake Factory
These are some fun facts about the restaurant chain that will make you visit the place.
1. 35 Flavors Of Cheesecakes
The restaurant offers more than 250 items on its menu and 35 flavors of cheesecakes and cakes.
2. More Than 200 Locations
This restaurant chain also operates internationally.
They have international licensing agreements in places like Mexico, Dubai, and Hong Kong.
Most of their restaurants are operated in parts of the USA.
The restaurant is known for its eclectic decor, and each location has a different decor giving each one a different vibe.
For example- The restaurant in Marina Del Ray, California, looks like a palm tree, while others in their flagship locations are covered in mosaic tiles.
4. The Wild Brown Bread
Yes, the best known in their restaurant is the “Brown bread,” and customers can request their bread to be prepared by using their signature brown bread.
5. A Charitable Foundation
The company also established a charitable foundation named ‘The Oscar and Evelyn Overton Charitable Foundation.’
This foundation is established in the name of the owner’s parents.
It has also partnerships with hunger-relief charity Feeding American and a Thanksgiving volunteer program with the Salvation Army.
6. In Drake’s lyrics
Yes! The famous American singer Drake also used the company’s name in this song called ‘Child’s Play’.
He also owns a mansion near the chain’s headquarters in Calabasas, California.
7. Other Desserts
In addition to its famous cheesecakes, the chain also offers other desserts like layered cakes, cupcakes, and other cakes.
The company also supplies its baked goods in cafes like B&N Cafe- Barnes and Noble.
8. Mother’s Recipe
Despite introducing many flavors of the cheesecake, David hasn’t changed the original flavor of his mother Evelyn Overton’s recipe.
So, you can still devour the original scrumptious flavor of the cheesecake, which was made in 1949.
Every company starts with an idea and an executioner who takes the risk of failure but dreams of success.
The same goes for the Cheesecake factory, which started in 1978 and now has more than 250 restaurants in different locations in the world.
If you are craving some flavorsome cheesecakes but also want a whole delicious meal then the Cheesecake Factory is the place for you.
What is the most popular dessert of the Cheesecake Factory?
The most popular dessert of the company is Fresh strawberry cheesecake. It is a favorite among people for over 40 years.
Who were the orginal owner of the Cheesecake Factory?
Evelyn and Oscar Overton were the original owners of the Cheesecake Factory, the parents of now-CEO David M. Overton.
What is the net worth of the Cheesecake Factory?
The net worth of Cheesecake Factory (CAKE) as of July 21, 2023, is $1.89 billion. This net worth is determined by the company’s market capitalization, which is calculated by multiplying the current stock price by the number of shares outstanding.
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.