Landry's Seafood Restaurants Inc

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International Guild of Hospitality & Restaurant Managers

Landry's Restaurants, Inc. is engaged principally in the ownership and operation of full-service, casual dining restaurants, primarily under the names of Joe's Crab Shack, Landry's Seafood House, The Crab House and Rainforest Cafe. As of December 31, 2001 , the Company was the second largest seafood restaurant chain in the United States , and operated 191 full-service restaurants, including 109 Joe's Crab Shack restaurants, 41 Landry's Seafood House division restaurants, 25 Rainforest Cafe restaurants, 16 Crab House restaurants and some limited menu restaurants.

The Company's seafood restaurants generally range in size from 5,000 square feet to 16,000 square feet, with an average restaurant size of approximately 8,000 square feet. The restaurants generally have dining room floor seating for approximately 215 customers, patio seating on a seasonal basis, and bar seating for approximately ten to 20 additional customers. The Rainforest Cafe restaurants generally range in size from approximately 15,000 to 30,000 square feet with an average restaurant size of approximately 20,000 square feet. The Rainforest Cafe restaurants have between 300 and 600 restaurants seats with an average of approximately 400 seats.

The Company's seafood restaurants offer a wide variety of high quality, broiled, grilled, and fried seafood items at moderate prices, including red snapper, shrimp, crawfish, crab, lump crabmeat, lobster, oysters, scallops, flounder, and other traditional seafood items, many with a choice of unique seasonings, stuffings and toppings. Menus include a wide variety of seafood appetizers, salads, soups and side dishes. The Company provides high quality beef, fowl, pastas and other American food entrees as alternatives to seafood items. Its restaurants also feature a unique selection of desserts made fresh on a daily basis at each location. Many of its restaurants offer complimentary salad and garlic bread with each entree, as well as certain lunch specials and popularly priced children's entrees. The Rainforest Cafe menu offers traditional American fare, including beef, chicken and seafood at moderate prices.

Joe's Crab Shack is a full-service seafood restaurant, featuring a varied seafood menu and offering many varieties of crab specialties. The atmosphere of a Joe's Crab Shack has an energetic casual feel, with a fun, eclectic decor influenced by weathered, old beach front fish shacks. Many of its Joe's Crab Shack facilities incorporate a small playground area for children adjacent to family dining areas. Dinner entree prices range from $7.99 to $13.99, with certain crab items available at market price. Lunch entree prices range from $5.99 to $8.99. During the year ended December 31, 2001 , alcoholic beverage sales accounted for approximately 15% of the concept's total restaurant revenues.

Landry's Seafood House is a full-service traditional Gulf Coast seafood restaurant. It offers an extensive menu featuring fresh fish, shrimp, crab, lobster, scallops, other seafood, beef and chicken specialties in a comfortable, casual atmosphere. The restaurants feature a prototype look that is readily identified by a large theater-style marquee over the entrance and by a distinctive brick and wood facade, creating the feeling of a traditional old seafood house restaurant. Dinner entree prices range from $12.99 to $20.99, with certain items offered at market price. Lunch entrees range from $5.99 to $9.99. During the year ended December 31, 2001 , alcoholic beverage sales accounted for approximately 16% of the concept's total restaurant revenues.

The Rainforest Cafe restaurants provide full service casual dining in a visually and audibly stimulating and entertaining rainforest environment that appeals to a broad range of customers. Each Rainforest Cafe consists of a restaurant and a retail village. The restaurant provides an attractive value to customers by offering a full menu of high quality food and beverage items served in a simulated rainforest, complete with thunderstorms, waterfalls and an active wildlife. In the retail village, Rainforest Cafe, sells complementary apparel, toys, and gifts with the Rainforest Cafe logo in addition to other items reflecting the rainforest theme. Dinner entree prices range from $10.99 to $18.99. Lunch entree prices range from $7.99 to $9.99. During the year ended December 31, 2001 , retail sales and alcoholic beverage sales accounted for approximately 24% of the concept's total restaurant revenues.

The Crab House restaurant is a full service casual dining seafood specialty restaurant with a casual nautical theme. Many of The Crab House restaurants feature a fresh seafood salad bar. Dinner entree prices range from $13.99 to $18.99, with certain items offered at market price. Lunch entrees range from $6.99 to $9.99. During the year ended December 31, 2001 , alcoholic beverage sales accounted for approximately 14% of the concept's total restaurant revenues.

The Kemah Boardwalk development represented the Company's first attempt at clustering a number of its restaurants together with amusements, hotel facilities and shops to attract families, tourists, businessmen and others to a single destination location. The Company intends to capitalize on other opportunities to develop further destination facilities in other strategic locations. In addition, the Company has expanded its operations to include hotel management and convention center development, construction and operation.

The Company internally developed a new restaurant concept called The Aquarium-An Underwater Dining Adventure. The Aquarium restaurant offers seafood dining in an extraordinary setting. Guests dine amongst fish and coral with the illusion of being at the bottom of the sea. Guests are seated around a large centerpiece aquarium and numerous smaller aquariums with decor and lighting that complement the overall dining experience. As of December 31, 2001 , there was one Aquarium restaurant located at its Kemah Boardwalk development. The Company entered into a long-term lease agreement with the City of Houston to develop a second Aquarium restaurant, along with a public exhibit, and complementary amusements and entertainment facilities on city-owned property.

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