Capriotti's

Capriotti's is a Las Vegas-based fast casual restaurant chain located in the United States. The restaurant chain was founded in Wilmington, Delaware in 1976. Capriotti's has 106 company-owned and franchise locations in 16 states, including the District of Columbia.

History

Capriotti's was founded in Wilmington, Delaware in 1976. The restaurant is named after the founders' grandfather, Philip Capriotti. In 1988, the second restaurant location opened in New Castle, Delaware. In 1991, Capriotti's began franchising their restaurants.

In 1993, the first restaurant location in Las Vegas, Nevada was opened on Sahara Avenue, near Las Vegas Boulevard. In 2004, Ashley Morris and Jason Smylie opened a franchise in Las Vegas. At the time, Morris was the youngest financial adviser at Wells Fargo. Smylie was a software engineer at Bechtel Nevada. Morris and Smylie were also investors in the housing market and made the decision to invest in a franchise after learning that the return on investment was higher than anything they were looking at investing in. In 2007, Morris and Smylie put the company in escrow. In the following year Morris, Smylie and a group of investors consisting of 95% Las Vegans bought Capriotti's. Capriotti's had 44 restaurant locations by the end of 2008. Morris is the CEO of the company. In 2008 and 2009 the chain was the official sandwich sponsor of the World Series of Poker in Las Vegas. Capriotti's was ranked in Entrepreneur magazine's top 500 franchise list in 2010 and remained ranked through 2014.