Raymond James Securities

Raymond James Securities

  • 23312 Madero Ste H
  • Mission Viejo, California
  • 92691-2732

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Description

LM Restaurants was established by Lou & Joy Moshakos in 1978 and is the parent company of Carolina Ale House and several other award-winning restaurants on the East Coast (www.lmrest.com). The hospitality management group employs approximately 1,700 people in North Carolina and is poised to open at least four more restaurants in 2014. LMR earned a Pinnacle Business Award from the Raleigh Chamber of Commerce in for Growth and Profitability this year and ranked 27th in the North Carolina Mid-Market Fast 40 by Business NC in 2012.

LM Restaurants is the management company affiliated with several award-winning restaurants in the Southeast.

Cary, NC – Lou Moshakos, President and owner of LM Restaurants (LMR) of Raleigh, recently opened his twelfth Carolina Ale House (Wilmington, NC) and is on track to open four more South East locations in 2010. Subsequently, he has decided to close the doors to Bentley’s at Crossroads. Moshakos explained, “The restaurant was not performing up to expectations. Due to the expansion of the Carolina Ale House and time spent on our other brands in Wilmington, we feel like this is the right move for now.” Further details about a potential replacement concept are not available at this time. Until then, LMR will maintain the property located in Cary’s Crossroads Plaza. Guests with reservations at Bentley’s who’s information is on file will be contacted and given the opportunity to transfer their reservations to Taverna Agora, LMR’s Greek restaurant. Others can call the corporate office at 919-851-0858 for more information. LM Restaurants (LMR) was recently named the 11th fastest growing private company in the Triangle by the Triangle Business Journal.

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