L&L CEO recommends decentralization

[Story and photo by Mike Foley: Published originally in the BYU-Hawaii online “Newsroom,” February 18, 2003]

Eddie FloresThe CEO of Hawaii’s largest plate lunch restaurant chain says decentralization and giving management part-ownership are keys to L&L Drive Inn’s success.

Eddie Flores [pictured at right], a Chinese-Filipino who immigrated with his parents to Hawaii in 1963, told BYU-Hawaii School of Business students in the Feb. 18 Entrepreneurship Lecture Series that L&L Drive Inn has 1,000 employees, and annual revenues of $34 million from 48 branches in Hawaii and 13 more on the mainland, where the rapidly growing chain is known as L&L Hawaiian Barbecue.

A witty speaker, Flores recounted how after working at Bank of Hawaii Laie Branch, he started a commercial real estate business. “I found a location on Liliha Street [in Honolulu] and bought it for $22,000 as a gift for my mother. I was only 25 years old.”

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