Cedar Enterprises, Inc., Company Information -
[Cached Version]
Published on: 11/12/2007
Last Visited: 2/21/2009
The company founder, Joseph D. Karam, personally knew Dave Thomas, Wendy's International, Inc. founder, through their work with charitable organizations in the community.
...
Joe was involved with an investment club that elected to use a portion of its assets to invest with Dave Thomas to help get Wendy's started.
As Wendy's grew and decided to go public, the investment club decided to convert its investment into franchise rights for Clark County, Nevada.
After securing the franchise rights, Wendy's of Las Vegas began operations of its first store, located close to the campus of the University of Nevada Las Vegas.
As the store grew, so did the company.
Wendy's of Las Vegas added 12 units during the next 11 years.
In 1986 Joe brought in his son David, a CPA, to enhance the accounting and information systems.