About Ridgely Advisors

The best leaders understand they can never know and do everything.  Great leaders surround themselves with people who are smarter and more experienced in areas of their own personal gaps.  Hiring a consultant is a cost effective way to gain access to a different perspective and vast experience.  A consultant is a temporary addition to the highly effective team already in place.

Whether your opportunities are people, process, systems, or other related business need, we are equipped to be your one stop solution and a valued business partner.  We have the resources and relationships to ensure success and we offer our services on a cost effective subscription basis.

Our process begins with a discussion with the CEO, “owner” of the business.  In this setting, our goal is to gain a clear understanding of the business, it’s mission, and a top line understanding of the challenges you are facing, to ensure that our cabinet of best practices and shared business intelligence will meet your needs.

Our "Trust"  approach follows in the spirit of group dynamics.  We work with a select group of restaurant owners who make up our Trust.  In addition to my experience, we share our members experience and best practices, where appropriate, and use the Trust concept to spread  understanding and success to all members.

Richard H Borchers

Founder & CEO

Rick Borchers enjoyed a successful 40-year career with DavCo Restaurants, LLC. This was cut short by the sale of the company in May of 2017. DavCo was one of the largest Wendy’s franchise organizations in the system, with $217,000,000 in annual revenue and 4,600 employees. DavCo went through several ownership changes and at one time was publicly traded on the NYSE. Most recently the company was owned by a very large New York private equity group.  At the time of the sale in May of 2017 the 42 members of the corporate staff were not retained.

In 1977, Mr. Borchers noticed a new concept aggressively entering the market. That concept was Wendy’s. He knew that the concept had the potential to offer new and exciting opportunities. So, in June of that year he began his career with DavCo Restaurants. Mr.Borchers began his career as an Assistant Manager and quickly moved up the ranks to Restaurant General  Manager followed by a promotion to Area Manager overseeing 5 restaurants.

During 1985, Mr. Borchers was promoted to Regional Manager overseeing 5 Area Managers in a 26-store market in Baltimore, Maryland. Twelve months later he was transferred to the Washington area to direct a 36-store market. In 1988, Mr. Borchers was promoted to Director of Human Resources and oversaw all aspects of HR and Training, as well as Risk Management, Security, and Benefits. Over the next 9 years, Mr. Borchers was recognized with several promotions, in grade. As Sr. Vice President, he oversaw the HR functions in 2 satellite markets, St. Louis, Missouri and Nashville, Tennessee. In June of 1997, Mr. Borchers was promoted to Executive Vice President, HR.

In February of 2005, Mr. Borchers was promoted to Executive Vice President, Administration. This expanded role interfaced with all other departments and coordinated the strategic direction of the company. Mr. Borchers’ steady progression with the company is a result of his strong operational knowledge, commitment to people, and the spirit of professional and personal growth, and his overall leadership ability. In December of 2007 he was named Chief Operating Officer of the company.

In October of 2015, Mr. Borchers was named President of DavCo Restaurants. With the sale of DavCo in the rearview mirror, it is time to help other organizations with the knowledge and relationships that have developed over his career and that is what led to the decision to form Ridgely Advisors, LLC., a subscription based consulting captive.

Mr. Borchers is a native of Maryland and resides in Fallston with his wife of 43 years. He and
his wife have 3 children and 6 grandchildren. He enjoys all sports, especially golf, the Ravens,
and Orioles.