Cheesecake
Factory
National restaurant
chain offering cheesecakes, lunch and dinner.
Headquarters:
26901 Malibu Hills Road
Calabasas Hills, CA 91301
Employees: 32,200
CEO: David Overton
Stock Symbol: CAKE
Website:
http://www.thecheesecakefactory.com
Career
Site
The Cheesecake Factory operates 171 full-service, casual dining restaurants including 157 restaurants under The Cheesecake Factory name; 13 restaurants under the Grand Lux Cafe name; and one restaurant called RockSugar Pan Asian Kitchen.
The Cheesecake Factory restaurants are best known for its cheesecakes with 70 varieties based on their own recipes.
Some of the most popular cheesecakes include the Original Cheesecake, White Chocolate Raspberry Truffle, Chocolate Peanut Butter Cookie-Dough, Kahlua Almond Fudge, Dutch Apple Caramel Streusel, Fresh Strawberry and Triple Chocolate Brownie Truffle. The cheesecakes aren't made at each restaurant but at two bakery production facilities in Calabasas Hills, CA and Rocky Mount, NC that ship the cakes and baked goods to restaurants and other leading foodservice operators, retailers and distributors.
Cheesecake Factory restaurants currently range in size from 5,400 to 21,000 square feet, provide full liquor service and are generally open seven days a week for lunch and dinner, including Sunday brunch. The average guest check at Cheesecake Factory was $19.10 in 2011. Average sales per restaurant were $10.2 million in 2011, up from $9.8 million. Dessert sales made up 15% of revenue. Each restaurant has about 170 hourly workers.
Customers also flock to the restaurants
because of the restaurant's huge menu with over 200 items including
appetizers, pizza, seafood, steaks, chicken, burgers, pasta,
specialty items, salads, sandwiches and omelets.
Restaurants feature high ceilings, French
limestone floors and decorative columns, hand-painted fabrics,
contemporary lighting and an abundance of cherry wood.
Hours of operation are generally from 11:00 a.m. to 11:00 p.m., except on weekends when most restaurants stay open past midnight, and on Sunday when most restaurants open at 10:00 a.m. for brunch.
The Grand Lux Cafe is an upscale casual dining restaurant concept with 13 locations and a broad menu of 150 items. Average check per person was $19.30 in 2011.
The Company also has one restaurant of its newest concept -- RockSugar Pan Asian Kitchen -- in Santa Monica, CA featuring food from Southeast Asia.
In 2011, Cheesecake Factory reported revenues of $1.75 billion and net income was $95.7 million. The company expects to open as many as seven to eight new restaurants in the U.S. in fiscal 2012. In addition, the company expects that as many as three restaurants in the Middle East will open this year under a license agreement.
The company employs a total of 32,200 staff members, of which 31,000 work in the restaurants, another 800 work in bakery operations and approximately 400 work in the corporate center and restaurant field supervision organization.
History
In the late 1940's Evelyn Overton opened
a small cheesecake shop in Detroit. In order to raise her two
small children, David and Renee, Evelyn gave up the shop and
moved her baking to her basement kitchen, where she continued
supplying local restaurant clients with her cakes. Then in 1972,
with her children grown, Evelyn and her husband Oscar decided
to move the business to Los Angeles. Oscar concentrated on selling
cakes and building new accounts while Evelyn baked and managed
the office. Finding that Los Angeles loved Evelyn's cheesecakes
as much as Detroit, their reputation and sales grew! A larger,
new and improved bakery was born, creating over 20 varieties
of Evelyn's delicious cheesecakes and other incredible desserts
which were sold to wholesalers from Santa Barbara to San Diego
and eventually out of state.
On Tuesday, February 25, 1978, the Overtons
founded the first full service restaurant, "The Cheesecake
Factory," which opened in Beverly Hills. Today, Evelyn and
Oscar's son, David carries on the same commitment to quality,
entrepreneurial spirit, energy and creativity that his parents
inspired.
The Cheesecake Factory went public in 1992.
Benefits
The following are benefits for management
employees.
- Dental coverage for you and your eligible
dependents
- Prescription drug card
- Vision care
- Long-Term Disability plan, with optional buy-ups
- Life Insurance plan, with optional buy-ups
- Accidental Death and Dismemberment
- Two weeks of accrued vacation every year for your first four
years
- Three weeks of accrued vacation every year after five years
of employment
- Five-day workweek; two consecutive days off
- Manager meal allowance privilege
- Extensive training and development programs including our own
"Career Roadmap"
- Company-paid sick days and bereavement pay
- Dessert discounts on our tempting cheesecakes and other desserts,
as well as retail merchandise
- Direct payroll deposit
- Paid relocation assistance
- Performance Based Stock Options
- 401(k) with company contribution
Updated May 4, 2012
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