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Applebee's Services Inc.
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Applebee's® was founded in Atlanta, Georgia, by Bill and T.J. Palmer. The Palmers envisioned a restaurant that would provide full service, consistently good food, reasonable prices and quality service in a neighborhood setting. Their first restaurant, T.J. Applebee's Rx for Edibles & Elixirs,® opened in November 1980.

In 1982, the Palmers opened their second Applebee's in Atlanta and in 1983, to fulfill a dream of nationwide expansion, the Palmers sold the Applebee's concept to W. R. Grace and Co. As part of the transaction, Bill Palmer was named president of the Applebee's Division of an indirect subsidiary of W. R. Grace. In that capacity, Palmer guided the operation from its entrepreneurial beginnings to a full-fledged franchise system. He became an Applebee's franchisee in 1985 and today owns more than three dozen Applebee's restaurants.


In 1986, the name of the concept was changed to Applebee's Neighborhood Grill & Bar to reflect the Palmers' original concept of a place people could call their own.


In 1988, Applebee's International Inc. became the restaurant chain's franchisor when Kansas City franchisees Abe Gustin and John Hamra purchased the rights to the Applebee's concept from W. R. Grace.


Applebee's International Inc. completed an initial public offering of its common stock in 1989. Subsequent offerings of the company's stock took place in March 1992 and July 1995. The stock trades on The NASDAQ Stock Market under the symbol APPB.


When Applebee's International, Inc. acquired Applebee's in 1988, there were 54 restaurants. In 1998, Applebee's became the first casual dining concept with 1,000 restaurants.

Today, with more than 1,900 restaurants in 17 countries, Applebee's is the world's largest casual dining concept.

We believe in serving our customers, taking care of our employees and giving back to our community. In keeping with that belief, we’ve built a new “green” headquarters in Lenexa, Kansas that showcases our desire to support and respect the communities where we do business.

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Company Quick Look
 
Year founded: 1980
Primary Business: Restaurant Food Service
 
Applebee's Services Inc.