Premier industry experts Synergy Restaurant Consultants is pleased to announce that veteran restaurant executive Phil Ratner has joined the firm as Managing Director.
Mr. Ratner served as a CEO for more than twenty years in the casual-full service restaurant segment leaving a record of successful turnarounds with major chains. His financial expertise and leadership skills most recently were highlighted as President and CEO of Marie Callender’s Restaurants where he improved both sales and profits and successfully merged the company with Perkins Family Restaurants.
Mr. Ratner’s record of highly successful turnarounds includes Acapulco Restaurants where he served as President and CEO for nearly ten years, taking the nearly bankrupt company and doubling its size to $90 million in sales with a 10 percent EBITDA. As Chairman, President and CEO of Spaghetti Warehouse he reduced debt from $19 million to $6 million in less than four years. He improved earnings per share from a low of $.04 to a high of $.34 by the time the company was sold.
Phil has both a Bachelors Degree and an M.B.A from Cornell University. He has served on the boards of five publicly traded restaurant companies.
In his role with Synergy Restaurant Consultants, Mr. Ratner will spearhead restaurant turnaround efforts and provide financial, operational, and structural expertise for major restaurant, hotel and hospitality chains.