P.F. Chang's China Bistro

Paper Summary:

This paper presents an economic picture of P.F. Chang's successful Chinese restaurant, "China Bistro". A brief history of the restaurant, an overview of its operations and services, and its economic standing are detailed, as well as the challenges, competitive factors, and risks it faces. The paper also looks at the restaurant's economic ranking, its economic outlook for the future, and the restaurant management's overall strategy for meeting its intended goals. Financial and management areas that need improvement are also examined by this paper, and strategies for addressing these areas are presented as well. The paper concludes with a positive review of the overall financial health of the business.

From the Paper:

"P.F. Chang's China Bistro (PFCB) is a contemporary restaurant chain that owns and operates two restaurants in the Asian niche. According to the annual report, as of December 29, 2002, the company owned and operated 79 full service restaurants, or bistros, that combine a distinctive breed of high quality, traditional Chinese cuisine, and American hospitality. P.F. Chang's was formed in 1996 with the acquisition of the four original P.F. Chang's restaurants and the hiring of an experienced management team to embark on a strategic expansion aimed at targeting major metropolitan areas throughout the United States. PFCB's culture mixes a unique combination of Chinese cuisine, attentive service, wine, and tempting desserts all served in a stylish, high-energy bistro."

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