Joel Libava
Sam Covelli owns and operates Covelli Enterprises, Inc., a huge franchise organization.
At the end of 2008, the company owned 155 Panera Bread franchises and has opened more than 50 O'Charley's Restaurant franchises.
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Sam Covelli was the largest franchisee of McDonald's Restaurants, owning 43 units at the end of 1997. He earned the most awards ever in the McDonald's organization, including the prestigious Golden Arch Award. The award is given every two years to an owner that exemplifies and consistently maintains the highest-rated restaurant operations and business practices.
In 1997, Covelli sold all of his McDonald's restaurants to concentrate on Panera Bread. The first Panera Bread franchise opened in Boardman in 1998. By the end of 2008 the chain had spread to West Virginia, Pennsylvania and Florida with gross sales revenues exceeding $300 million.
Read about the YSU Penguin Award, and why he's receiving it, here.
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About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, and Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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