Rick Teasta founded EZ Lube in 1988 with then long time friend Mike Dobson. It didn’t take long before Ez Lube became one of the nations leading quick service oil change companies. The duo, owners of Santa Ana-based oil change business EZ Lube Inc., won a Business Journal Excellence in Entrepreneurship Award in 2006.
It has been said that the two entrepreneurs were changing the business landscape in California in 2009 when they were among those benefiting from the open taps of capital that business saw . Teasta and Dobson received $90 million in financing and an undisclosed payment to expand their fleet of EZ Lube shops, surrendering some of their ownership stake in return. In just over ten years they turned a measly $16k investment into a $90 million dollar enterprise.
Today Rick Teasta is using his expertise and business experience as one of the founders of RED O RESTAURANT in Los Angeles.
At Red O, Rick Teasta brings the same vision and dedication to the success of the restaraunt that he did at EZ Lube.
Calling on the best possible designers in the hospitality industry, Richard Teasta has created a resort atmosphere set to provide a convenient getaway to relax and enjoy superb, surprisingly affordable food in a five-star atmosphere. A destination restaurant, great service is at the center of Red O, starting at the valet curb and flowing throughout each of the themed dining and lounge areas. Situated in one of the best locations in Los Angeles,
Rick Teasta has positioned Red O Melrose as an incubator for success and the model for future expansion. While operating EZ Lube, Richard D. Teasta was awarded the Orange County Entrepreneur of the Year Award. Believing in the great value of conditioning for excellence, he is an active sportsman pursuing skiing, surfing and boxing.
“Years ago, I handled marketing, promotions, security, and bartending at the original Red Onion Restaurant, which gives me a unique connection to the legacy of this Southern California institution. Red O will be the twenty-first century version of the original and brings together everything I have learned about building a successful business and a dedicated clientele.”