A Slice of the Profits

BY: JEAN GRUSS | EDITOR GULF COAST BUSINESS OBSERVER

April 19, 2013

4-19-2013

Paul Peden says he made his son Craig an owner in the restaurant businesses so he could benefit from success at an earlier age.

Business: Rib City and Veranda restaurants

Generations: Restaurateur Paul Peden and his son, Craig Peden

Succession plan: Craig Peden has been an owner in the family businesses since he started working with his father, Paul Peden, at age 21.

The Pedens are successful operators of Rib City, a chain of barbecue restaurants with 29 locations, and the upscale Veranda restaurant in downtown Fort Myers.

 “Philosophically, it’s not a good idea to leave your kids with a lot of money,” says Paul Peden, 65.

 

CUISINE from Florida Weekly January 9, 2013

Long-running Veranda remains in a class of its own

By Karen Feldman This email address is being protected from spambots. You need JavaScript enabled to view it.

There’s been a great deal of attention focused upon downtown Fort Myers of late owing to the proliferation of new dining and drinking establishments, the water basin and the trolley that trundles throughout the district.

But as the New Year approached, I caught myself humming “Auld Lang Syne” and thinking about what the song means. The lyrics, penned by Scottish poet Robert Burns, remind us to stay in touch with our memories, of people and times past but still worthy of thought and caring.