Known for its handmade dim sum and iconic lettuce wraps, P.F. Chang’s was born in the early 1990’s out of a partnership between Philip Chiang, owner of staple Los Angeles Chinese restaurant Mandarette, and Paul Fleming, an Arizona restaurateur and avid Mandarette fan. Still running strong with 214 locations nationwide, P.F. Chang’s prides itself on always using fresh ingredients and serving every dish made-to-order. And while the spot treats customers to an upscale experience, the average bill comes out to only $14.33.
In 2012, the private-equity firm Centerbridge Partners purchased the chain for a $1.1 billion, putting the franchise back into the private sector and helping to boost profits.
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