It seemed so able in the beginning. Vernon W. Hill II, a hard-charging administrator with money to spend, invested $7.75 actor in Saladworks to get the authorization restaurant alternation on the fast track.
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“I like things to grow, and I like them to abound fast,” Hill said at the time. And advance was aloof what John Scardapane had in apperception for the aggregation he’d started in the aliment cloister at Cherry Hill Mall in 1986.
With Hill’s 2008 investment, Saladworks expanded, mostly in new markets. The accord appropriate franchisees to use InterArch, the architectonics abutting endemic by Hill’s wife, Shirley — the aforementioned adjustment that put Commerce Coffer in the authoritative crosshairs, with Hill ultimately ousted as CEO.
Scardapane had aerial hopes for the new Saladworks model: “It was activity to be better, bigger, added beautiful, accept bigger volume.”
Existing franchisees, however, were alert of adopting Shirley Hill’s added big-ticket design. As it angry out, they were right: The new attending did not access sales. In the end, it landed Scardapane in a battle — a archetypal in the account of Philadelphia business — with Vernon Hill over the use of InterArch.
The action lasted years and led to the June 2015 defalcation auction of Saladworks for $16.9 actor — $10 actor beneath than its amount aback Hill invested.
In contempo interviews, Scardapane, 54, who had a life-threatening pancreatic affliction during abundant of the Hill era at Saladworks, reflected on their partnership’s failure.
“I was in a divorce, and because I wasn’t activity to be affiliated to him anymore he didn’t appetite me to be affiliated to anybody else,” Scardapane said.
Hill — who in a 2014 accusation accused Scardapane of “fraud, decay of aggregation assets, aperture of fiduciary duty, and biased enrichment” — alert said, “No thanks,” aback asked by email whether he capital to animadversion or be interviewed for this article.
Scardapane is not beating his wounds. Aftermost year, he opened Eatnic, a Paoli BYOB in a above Saladworks location, with his wife and 25-year-old son. Though the bite of accident Saladworks still rings in his voice, Scardapane sometimes break into abysmal amusement over assertive of his own antics, such as abrogation baby amounts of money in banks for Hill to freeze.
Ultimately, Scardapane said, he knew he didn’t angle a adventitious if Saladworks chock-full application Shirley Hill’s architectonics firm. “He gave up Commerce for Shirley. He could accept remained CEO of Commerce, but he said no.”
At the aforementioned time, Scardapane said, “I anticipation that we were such acceptable accompany that he wouldn’t drove me.”
What brought the two men calm in backward 2007 was Scardapane’s charge for restaurant locations. He angry to Armpit Development Inc. (SDI), a Mount Laurel absolute acreage allowance Commerce Coffer used. That’s area he met Vernon Hill, one of the firm’s owners.
What followed, he said, were abundance visits, emails in adventurous caps from Hill, lunches, offers of money, which Scardapane said he angry bottomward repeatedly.
Why, then, did Scardapane, who brimmed with aplomb as he congenital Saladworks, booty the $7.75 million? Because, he said, he became assertive the baroque Hill’s success would rub off, catapulting Saladworks accomplished years of growing pains.
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In abatement 2008 in Mount Laurel, as the banking apple convulsed, Saladworks opened its aboriginal accumulated abundance advised by Shirley Hill. New cutlery. Custom bowls to bout her admired aboveboard white basin bowl at home. Custom chairs in a custom color. Specially advised alkali and pepper packages. Pricey takeout bags.
Build-out costs soared to $650,000 to $700,000, afore amount overruns, from $400,000 per store.
Saladworks went to Herndon, Va., for the added new aggregation store. It opened in March 2009 in a above Kentucky Fried Chicken and Caribou Coffee area on a bartering band abreast a Commerce Coffer site.
“We invested over $1 million, and it was a bomb,” Scardapane said.
Eventually, new accumulated aliment were taken off a account area franchisees could analyze sales performance.
“We knew it was because the abundance was accomplishing bad,” Vince Rosetti, a adept franchisee, said of the Mount Laurel location. “Nobody would advance because the amount of the aliment was way too expensive. It wasn’t convalescent sales at all.”
Scardapane said he fabricated again trips to InterArch, in Mount Laurel, to appeal with Shirley Hill to abate the stores’ cost. Vernon would consistently accompany the conversation, and they would bash Scardapane, who said Shirley admonished him: “Don’t anytime get ashore in the basin amid the two Hills.”
During contempo interviews, Scardapane sometimes was nostalgic. The couples, Vernon and Shirley and John and his wife, Gail, vacationed calm repeatedly in Palm Beach, Pebble Beach, Venice, and St. Barts.
“I’m acutely blessed for Shirley. I adulation her. I absolutely do,” Scardapane said.
After all that happened?
“I absolutely like her,” he said. “She can’t body an bargain model.”
He wonders whether Shirley would accept absent if Saladworks chock-full application InterArch. Maybe not, said Scardapane, who said he helped aces sites for Hill’s Metro Coffer in London, opened in 2010.
(Vernon Hill became administrator of Republic Aboriginal Coffer in Philadelphia in December 2016. Based on accessible filings with regulators, InterArch has been paid millions to assignment for Metro Coffer and Republic First.)
In January 2013, afterwards Scardapane spent three canicule in doctor-recommended booze treatment, Hill got the abstraction he was burglary from Saladworks. That led to a argumentative analysis that formed the base of Hill’s 2014 lawsuit, which declared abnormal payments and allowances for associates of Scardapane’s family, including an $89,000 anniversary bacon for Gail Scardapane, who formed in accessible relations.
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The analysis begin annihilation unusual, Scardapane said. “This is the self-proclaimed best clairvoyant of financials in the world. You know, I anticipate he ability be,” he said of Hill. “He can apprehend a account and acquaint area a penny is missing. How am I, John Scardapane, activity to put annihilation over on him?”
A year later, Wayne P. Weitz, a restructuring able allowance with the bankruptcy, gave the claims little adventitious of succeeding: “Mr. Hill’s abutting claimed and business accord with Mr. Scardapane, his alive and affianced position in the business, and his associates on the lath […] would accomplish it difficult for him to affirmation and aggregate damages.”
The analysis was adamantine on Saladworks. “It debilitated me so abominably with me and my staff,” Scardapane said, and fabricated it absurd to abide with Hill, InterArch, and SDI, the absolute acreage broker.
Hill accepted his $7.75 actor back, per the 2008 agreement. To accord it, Scardapane had to advertise or refinance the business, an aftereffect he consistently knew was possible. But he never absurd the aggregation would lose so abundant value.
Paul Steck, a top Saladworks controlling during the Hill-Scardapane era, in 2015 declared abortive ownership, with Scardapane cogent him to do annihilation as the action escalated.
Steck declared Hill as “the smartest man I anytime met,” but said that “as he got added and added embattled, he absent absorption with this brand. I anticipate his absorption was aggressive with Scardapane.”
Mufson Howe Hunter, the advance coffer Scardapane assassin to advice buy Hill out, lined up a acting accord for $12.5 actor in financing, but there was a bolt in the aboriginal affiliation agreement: Hill had to approve any Saladworks transaction account added than $1 million.
Hill wouldn’t, Scardapane said: “Until commodity goes wrong, you aloof don’t apperceive what one chat can mean.”
Moreover, Hill had taken over $2.8 actor in Saladworks coffer debt, giving him added leverage. Scardapane absitively bankruptcy — with a adjudicator administering the sale — was the alone way to accord the aggregation addition chance.
When Saladworks was awash in 2015, it was adamantine for him to go on, Scardapane said.
“Forget about the banking loss. That was my life,” he said aftermost week. “That was what I capital to do until I die.”
Staff biographer Jane M. Von Bergen contributed to this article.
SALADWORKS
Saladworks started implementing Shirley Hill’s architectonics at its locations in September 2008. This photo of the Mount Laurel area was allotment of a 2011 account release.
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1986: John Scardapane starts Aliment Works in the Cherry Hill Mall. Name is afflicted a year after to Saladworks.
2008: Vernon Hill invests $7.75 actor in March, for a five-year term. Aboriginal new abundance advised by Shirley Hill opens in September. Goal is to accept 1,000 locations.
2011: Aboriginal all-embracing authorization agreement, in Singapore, is announced.
2012: Big advance signs up new franchisees in Arizona, California, Florida, Louisiana, Massachusetts, South Carolina, Texas, and Washington state.
2013: Scardapane tells Hill Saladworks will no best use Shirley Hill's architectonics architectonics firm. Hill demands his $7.75 actor back.
2014: Hill sues Saladworks and Scardapane to get his money back, alleges artifice at Saladworks.
2015: Saladworks files for defalcation aegis to facilitate a sale. Centre Lane Partners buys Saladworks for $16.9 million.
2016: Patrick Sugrue is called arch executive.
2017: Saladworks has 92 locations, aloof four added than aback Hill invested.
SOURCE: Inquirer research
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Published: September 15, 2017 — 3:01 AM EDT
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