Ryan's Family Steak Houses, Inc.

Restaurants | Financial Main Page | IGHRM Main Page
Disclaimer:

International Guild of Hospitality & Restaurant Managers

405 Lancaster Avenue, P.O. Box 100
Greer , SC 29652

Phone: (864) 879-1000
Fax: (864) 877-0974

Ryan's Family Steakhouses, Inc., organized in 1977, operates a chain of restaurants located principally in the southern and Midwestern United States . At January 2, 2002 , 312 Company-owned and 23 franchised Ryan's Family Steakhouse restaurants were in operation. In addition, the Company operates one Fire Mountain restaurant.

A Company-owned or -operated restaurant (Ryan's restaurant) is a family-oriented restaurant serving a wide variety of foods from its centrally located scatter bars known collectively as the Mega Barr buffet, as well as grilled entrees such as charbroiled steaks, hamburgers, chicken and seafood. The Mega Barr includes fresh and pre-made salad items, soups, cheeses, a variety of hot meats and vegetables, and hot yeast rolls prepared and baked daily on site. All entree purchases include a trip to a bakery bar. Bakery bars feature hot and fresh-from-the-oven cookies, brownies and other bakery products as well as various dessert selections, such as ice cream, frozen yogurt, fresh fruit, cakes, cobblers and several dessert toppings. All Ryan's restaurants also offer a variety of non-alcoholic beverages. All restaurants have their Mega Barr in a scatter bar format. This format breaks the Mega Barr into island bars for easier customer access and more food variety.

Most Ryan's restaurants are open seven days a week with typical hours of operation being 11:00 a.m. to 9:30 p.m. Sunday through Thursday and 11:00 a.m. to 10:30 p.m. Friday and Saturday. The Company is implementing a program in which new restaurants (restaurants that have been converted to the display cooking format) and certain other restaurants are closed on Mondays. All other hours of operation remain consistent with all other Ryan's restaurants. At January 2, 2002 , approximately 30% of the Company's restaurants were on this program.

At January 2, 2002 , the Company's sole franchise agreement was with Family Steak Houses of Florida, Inc. (Family), which, at that date, operated 23 Ryan's restaurants in central and northern Florida . The present franchise agreement expires in 2010. If Family is in compliance with the franchise agreement at that time and agrees to certain remodeling requirements, Family then has the option to extend the agreement for up to two ten-year renewal periods.

Financial Main Page | IGHRM Main Page

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.