Regents Bank Helps Prominent Restauranteurs Grow Their Business
Everyone knows that El Pollo Loco restaurants serve great chicken, but did you know that it takes a whole lot more than good food to make a restaurant successful? Restaurateurs or anyone thinking about starting a restaurant must have business advisors who can help navigate all aspects of the business, including finance, real estate and much more.
One of Regents Bank’s many esteemed clients, Pack-Huynh, LLC, is a successful, multi-unit franchising company that owns and operates nine El Pollo Loco restaurants in the greater Phoenix area, as well as four El Pollo Loco restaurants located between San Diego and Los Angeles counties. The company was founded in 2011 by co-owners Maurice Pack and Phong Huynh. Each partner brings extensive expertise in franchising, experience with multiple restaurant brands and a strong track record of successful franchise management to the business.
Maurice Pack has been involved in the food industry since 1961 when he became a co-owner of a supermarket in North Hollywood. In 1969 he sold the market and purchased a Pioneer Chicken franchise. (Anyone remember those sumptuous candy orange slices you used to get from Pioneer Chicken?) In the next 11 years he acquired an additional eight Pioneer Chicken restaurants that were sold in the early 1980’s.
An orphan taken in at the age of five by a Catholic Church in Minnesota from war-torn Vietnam, Phong Huynh lived on the streets as a teenager and soon found work at El Pollo Loco, holding entry positions until he worked his way up to manager and then operational specialist. Over the years, he continued to climb the ranks of the company, becoming operations director. From there, he partnered with Maurice to purchase El Pollo Loco restaurants of their own in Southern California and Arizona.
Even with their impressive backgrounds, the partners needed some additional counsel to help build their company.
When Maurice first began working with Regents Bank Executive Vice President and Regional Manager Jon Michael Caffall 15 years ago, he owned and operated one of the largest franchises of El Pollo Loco restaurants in San Diego County. At that time, Maurice initiated the loan application process with rival banks to finance construction of his San Marcos, California. restaurant. Jon Michael and his team won Maurice’s business by providing better ideas and solutions than the competition.
Maurice asked Jon Michael for consultative advice on a wide range of business matters, many of which exceed the bounds of a typical banking relationship. Regents Bank has helped him structure business acquisition financing, solve real estate ownership challenges and provided numerous permanent business real estate loans and construction financing over the years. Maurice and Phong have grown Pack-Huynh’s El Pollo Loco business into one of the top franchises in the country, in part by seeking the advice of professionals like Jon Michael.
Regents Bank is privileged to work with many business owners like Maurice and Phong who appreciate the value of consultative banking. While El Pollo Loco means “crazy chicken,” Maurice and Phong are as savvy as they come!
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