|
Go To |
Headquarters:
Website: http://www.ruthschris.com Ruth's Chris Steakhouse is a high-end chain of 119 restaurants across the U.S., including 11 international franchisee-owned restaurants in Mexico, Hong Kong, Taiwan and Canada. The menu at Ruth's Chris features a broad selection of high quality USDA Prime grade steaks. Other premium offerings are served in Ruth's Chris' signature fashion-"sizzling" and topped with seasoned butter-complemented by other traditional menu items inspired by the restaurant's New Orleans heritage. The restaurants also serve soup, salads and desserts with a large selection of wines. Lunch is only served at certain locations. Four new Company-owned restaurants were opened in the fourth quarter in Santa Barbara, CA; Knoxville, TN; Tysons Corner, VA, and W. Palm Beach, FL bringing the yearend total to 61 locations. Five new franchised restaurants were opened in Madison, WI; Rogers, AK; Park City, UT, Calgary, Canada; and Tokyo, Japan bringing the yearend total to 46 domestic and 11 international franchised locations. Ruth's Chris Steak House also owns Mitchell's Fish Market, which operates under the names Mitchell's Fish Market and Columbus Fish Market, an award-winning, upscale casual seafood restaurant and bar recognized for its high quality food, contemporary dining atmosphere, and excellent service, with 19 locations, and Cameron's Steakhouses, which operate under the names Cameron's Steakhouse and Mitchell's Steakhouse, a sophisticated 21st century update of the upscale American steakhouse, with three locations. For the fiscal year 2007, revenues were $319.1 million and net income was $18.1 million. In 2008, the company plans on opening approximately six company-owned and six to eight franchised Ruth's Chris Steak House locations. History Ruth's Chris Steak House was founded in 1965 when Ruth Fertel mortgaged her home for $22,000 to purchase the "Chris Steak House," a 60-seat restaurant located near the New Orleans Fair Grounds racetrack. What began as a local success popular among the city's politicos, power brokers, professional athletes and celebrities grew into an international phenomenon. Forty years and more than 80 restaurants later, Ruth's Chris has both defined what great steak is and redefined the steakhouse experience. In 2008, Ruth's Chris Steak House acquired all the operating assets and intellectual property of Columbus, OH based Mitchell's Fish Market, which operates under the names Mitchell's Fish Market and Columbus Fish Market. The acquisition also includes Cameron's Steakhouse which operates under the names Cameron's Steakhouse and Mitchell's Steakhouse. The operating assets and intellectual property were purchased from Cameron Mitchell Restaurants LLC (CMR) for approximately $92.0 million which Ruth's Chris Steak House funded through its senior credit facility. Benefits - Excellent compensation package Updated March 3, 2008 |