"We care about your success" Principal of SOFRANKO ADVISORY GROUP, LLC an advisement firm that specializes in strategic restaurant and hospitality industry planning, including finance, mergers, acquisitions, real estate and franchising with primary focus in the restaurant industry. In his 31 year career Mr. Sofranko has owned 26 restaurants and opened over 116 and has raised over 250 Million dollars in debt, equity in the Hospitality Industry in 4 states. Employed over 5000 employees in his career, over 160 chefs and over 320 managers. SAG primarily engages companies that range in size from Startup to $20 million in Revenue with a specialty in the Hospitality industry. Throughout our network SAG also reviews 60 to 70 new business opportunities every year to further enhance our business portfolio and assist clients. SAG limits consulting client’s engagements to only 8-10 per year to provide personalized attention to individual CEO’s, Presidents and Owner’s. Our goal is to analyze, develop new concepts, review all existing operations, financings, marketing and human resources to assist our clients in reaching their goals. Mr. Sofranko developed a network of over 3000 experienced professionals both locally and nationally and has advised over 161 companies over the past 25 years. Mr. Sofranko’s also serves on the Board of Director's of the Walnut Grill Restaurant Group as well as being the Development Partner to the newest hot spot in Cranberry, Jergel’s Rhythm Grille. He has partnered with Jergel brother' sand other partners to convert a former 18,000 square foot health club into a successful restaurant/concert/banquet venue. For this project he helped secure funding of $3.8 million dollars. The restaurant, cigar bar a music venue holds up to 700 people. He is also a Partner in the 7 Walnut Grill’s, Il Pizzaiolo, Legacy Lanes, Crafthouse Stage and Grill, House of 1000 Beers and most recently Calavera Tap and Taco. Sofranko Advisory Group has a subsidiary company Hospitality Brokerage Services (HBS). HBS primarily assists clients in Buying, Selling, and Financing Restaurants, Beer Distributors and Liquor Licenses throughout the State of PA. In addition HBS is available to help expedite Liquor License Buying/Selling, Business valuations (to properly price and market your business) and reviewing and structuring Accounting Financial Statements to potentially sell your business. 2005-2008 NexTier Bank, V.P. of Family Business Center, served in a Consulting capacity in assisting family businesses. From 2001 until early 2005 Mr. Sofranko was the founder of Magoo’s Bar & Bistro an upscale casual restaurant located in the North Hills of Pittsburgh. Sales growth of Magoo’s topped double digits for years 2003 and 2004. The company was sold in early 2005. In 1994 to 1999, Ron was the President/CEO/Founder of Proriver, Inc. the managing company for Red River Barbeque & Grille Restaurants. Red River operated 7 full service casual dining restaurants in the states of Pennsylvania, Maryland and Virginia. Red River grew to over 14 Million Dollars in sales in just 4 short years as a free standing operation. Red River had won dozens of national and local restaurant awards including “Top 10 HOT Concepts in the Country” and “Best Barbeque” by the readers of Pittsburgh Magazine. Red River maintained one of the highest average unit volumes in the field of barbeque restaurants in the country. Red River employed over 350 with 32 managers in 3 states and maintained its’ Corporate Headquarters in Wexford, PA. After 1998 an initial planned IPO the company was sold in 1999. Mr. Sofranko started his career as a previous Executive at Exxon Company, USA in Oklahoma City, Oklahoma in 1985. He then transferred to Houston, Texas as a Geophysicist in 1986. Mr. Sofranko relocated back to the Pittsburgh area and pursued his dream of carrying out his career in entrepreneurship and restaurant development in August of 1987. Mr. Sofranko graduated in 1983 with a Bachelors in Science and Geology from Waynesburg College in Waynesburg, PA. While at Waynesburg, he played collegiate baseball and operated 2 small businesses while in college. He completed his Masters Degree in Geophysics at Wright State University in Dayton, Ohio. Mr. Sofranko grew up in Mount Pleasant, PA where he was active in football, baseball, basketball, maintained positions as Class President and Student Council President. Ronald Sofranko is married to his wife Payge and has outside interests that include his children (Dan, Jarad and Alexa), travel, music, mentoring and speaking on entrepreneurism, basketball, baseball and golfing.
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