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International Guild of Hospitality & Restaurant Managers
3038 Sidco Drive
Nashville, TN 37204
Phone: (615) 256-8500
Fax: (615) 782-5043
O'Charley's Inc., incorporated in 1983, owns and operates full-service restaurant facilities in 15 states under the trade names of O'Charley's and Stoney River Legendary Steaks. As of December 29, 2002, the Company operated 182 O'Charley's restaurants in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, South Carolina, Tennessee and Virginia, and six Stoney River Legendary Steaks restaurants in Georgia, Illinois, Kentucky and Tennessee. In 2002, the Company opened 24 new O'Charley's restaurants and three new Stoney River restaurants, one each in Chicago, Louisville and Nashville.
On January 27, 2003, the Company
acquired Ninety Nine Restaurant and Pub, a casual dining restaurant chain based
in Woburn, Massachusetts. As of January 27, 2003, Ninety Nine Restaurant and Pub
operated 78 restaurants located in Connecticut, Maine, Massachusetts, New
Hampshire, Rhode Island and Vermont. Ninety Nine Restaurant and Pub strives to
provide high-quality food at moderate prices in a comfortable, relaxed
atmosphere.
The O'Charley's menu is mainstream, but distinctive in taste. The O'Charley's
menu features approximately 50 items, including United States Department of
Agriculture (USDA) Choice hand-cut and aged steaks, baby-back ribs basted with
its own barbecue sauce, fresh chicken, fresh salmon and grilled tuna with a
spicy ginger sauce, a variety of fresh-cut salads with special-recipe salad
dressings and O'Charley's signature caramel pie. All entrees are made from
original recipes, are cooked to order and feature side items in addition to its
hot yeast rolls. O'Charley's restaurants are open seven days a week and serve
lunch, dinner and Sunday brunch. Specialty menu items include limited-time
promotions, O'Charley's Express Lunch, daily special selections and a special
kids menu.
The Company seeks to create a casual, neighborhood atmosphere in its O'Charley's
restaurants through an open layout and exposed kitchen, and by tailoring the
decor of its restaurants to the local community. The prototypical O'Charley's
restaurant is a freestanding brick building containing approximately 6,800
internal square feet and seating for approximately 275 customers, including
approximately 52 bar seats. The exterior features old-style red brick, bright
red and green neon borders, multi-colored awnings and landscaping. The interior
is open and casual. It features warm woods, exposed brick, color prints and
hand-painted murals depicting local history, people, places and events. In
addition, the kitchen design provides flexibility in the types of food items
that can be prepared so that the Company can adapt to changing customer tastes
and preferences.
Stoney River restaurants are upscale steakhouses that are intended to appeal to
both upscale casual dining and fine dining customers by offering the
high-quality food and attentive customer service typical of high-end steakhouses
at more moderate prices. Stoney River restaurants have an upscale mountain lodge
design with a large stone fireplace, sofas and rich woods that aim to make the
interior of the restaurant inviting and comfortable. The menu features hand-cut,
premium Midwestern beef, along with fresh seafood and a variety of other gourmet
entrees. An extensive assortment of freshly prepared salads and side dishes is
available a la carte. The menu also includes several specialty appetizers and
desserts. Stoney River restaurants are open for dinner during the week. Opening
times on the weekend vary by location, with some opening at noon and others
opening in the early afternoon.
Ninety Nine aims to provide high-quality food at moderate prices in a
comfortable, relaxed atmosphere. The menu features a wide selection of
appetizers, salads, sandwiches, burgers, entrees and desserts, all served in
generous portions. The prototype Ninety Nine restaurant is a freestanding, wood
building containing approximately 5,500 internal square feet and seating for 170
customers. Signature elements of the Ninety Nine prototype restaurant include an
open view kitchen, booth seating, walls covered with historical local community
memorabilia and a self-enclosed, centrally located rectangle bar. The
restaurant's interior features slate floors, low ceilings and natural woods. It
is designed to create a cozy, friendly and warm atmosphere. Ninety Nine has
expanded through developing new prototype locations, as well as through
remodeling both traditional and non-traditional restaurant locations.
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1999-2000 International Guild of Hospitality and Restaurant Managers
Inc. All rights reserved.
ighrm@hospitalityguild.com
Disclaimer:
The data included within the Financial section is solely for information
and does not construe a recommendation and/or endorsement by IGHRM or its
members to invest funds with any of the companies listed. You are strongly urged
to obtain professional advice with qualified individuals or corporations for any
investments of funds.