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Top Minority Business - Panda Express - MAKING IT! TV (Entrepreneur Success Stories)

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Uploaded on Dec 17, 2009

In a highly saturated fast-food industry, the Asian owned Panda fast food enterprise is conquering the taste buds of Americans with gourmet Chinese cuisine. Andrew Cherng started the enterprise with his father in 1973. With a SBA loan they set up their first restaurant, Panda Inn, in Pasadena California. Ten years later, an opportunity to move their high-end restaurant into a fast-food setting became available, and Panda Express was born. Andrew's wife joined the company, after a successful career with Hughe's Aircraft and the two of them took the business to the top. Today, PANDA RESTAURANT GROUP, has four restaurant chains, the original Panda Inn: its clone fast food Panda Express, the newly added Japanese restaurant chain Hibachi-San, and the convenient order-to-pick-up Panda-Panda. The company grosses over $400 million in sales, has over 6,000 employees and has close to 500 locations. Their goal is to own 10,000 locations in their lifetime.

For more resources: http://www.MakingitTV.com (Nelson Davis Productions)

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