In 2015, upscale steak house chain, Ruth’s Chris Steak House celebrates its 50th anniversary and early in the new year the parent company, Ruth’s Hospitality Group Inc. reported a 7.4 percent increase in total revenues for its year ending in late December 2014 to $346.1-million compared to $322.4-million the previous year. At the end of its fiscal year, the company reported that leases were in place for two restaurant openings, in St. Petersburg in Florida and in Dallas, Texas. In addition, franchisees were projected to open four restaurants during 2015. Then, in early February, the company opened its 144th Ruth’s Chris Steak House in St. Petersburg. At almost 10,000 square foot, the restaurant opened on the upper level of the retail and entertainment Sundial complex on Second Ave. North in the city’s downtown area. In addition, earlier in April multi-unit franchisee Georgia Sizzling Inc. announced that a Ruth’s Chris will open in the French Quarter Inn on Church St. in downtown Charleston, South Carolina on May 24th. The location is in the 10,000 square foot range with seating for almost 300. Also a Ruth’s Chris is scheduled to open at 314 S. Fourth Ave. in Ann Arbor, Michigan in late Spring.
CATEGORY: Upscale Steakhouse
Chain Name: Ruth’s Chris Steak House
Company Name: Ruth’s Hospitality Group Inc.
Street Address: 1030 W. Canton Ave., Suite 100, Winter Park, Florida 32789
Tel: 407/333-7440 & (franchise – 407/829-3464) Fax: 407/833-9625
Email: Real estate- [email protected] Website: www.rhgi.com & www.ruthschris.com
Menu Specialty: Specializes is USDA Prime steaks, sourced from only the top two percent of the country’s beef and served on 500° sizzling plates, so they stay warm through the meal, served with scratch made salads, sides and desserts along with a wide selection of cocktails, wines and beers.
Introduced: Ruth’s Chris Steak House was introduced by Ruth Fertel 50 years ago when she purchased the Chris Steak House in New Orleans, Louisiana.
No. of Locations: Over 140 locations in the United States, Canada, Mexico, Aruba, China, El Salvador, Hong Kong, Japan, Panama, Singapore, Taiwan, United Arab Emirates.
Areas of Operation:
Types of Location: Free standing, One level building
BusinessType (corp., franchise, jv): Corporate & Franchise
Size Req’d: 7900 to 10,000 sq. ft. on approximately 1.8-acres
Special Requirements (patio, drive-thru, etc): Valet parking with 130 to 140 exclusive parking spaces, building and pylon signage, visibility and convenient access on the ‘Going Home’ side, 9000 people within one mile radius and 70,000 within five miles and a median household income of $85,000 or better within five miles. Minimum traffic of 30,000 cars per day required and located in a concentration of upper-end expense account hotels, upscale retail, office, and wealthy residential base.
Contact Name: Michael P. O’Donnel – President, CEO (Ruth’s Hospitality Group)
Arne G. Haak – Exec Vice President, CFO (Ruth’s Hospitality Group)
Cheryl Henry – Sen Vice President, Chief Branding Officer (Ruth’s Hospitality Group)
Kevin Toomy – President, COO (Ruth’s Chris Steak House)
REAL ESTATE REPRESENTATIVES:
FRANCHISE REPRESENTATIVES:
PARENT COMPANY: Ruth’s Hospitality Group Inc., Winter Park, Florida
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Last Report: Restaurant & QSR Expansion Report #133 Last Update:
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