Company Snapshot: Texas Roadhouse Inc.
6040 Dutchmans Ln, Ste 400
Louisville, KY 40206
Total Current Locations:
366 (294 company, 72 franchised)
AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, Dubai UAE
Chairman, CEO: W. Kent Taylor
President: Scott M. Colosi
CFO: G. Price Cooper IV
COO: Steven L. Ortiz
Texas Roadhouse is a growing, moderately priced, full-service, casual dining restaurant chain that started in 1993 in Clarksville, IN. Since then, the company has grown to nearly 370 restaurants in 47 states, as well its first international franchise-owned Texas Roadhouse in Dubai, UAE which opened in 2011. Of the 294 company-owned and -operated restaurants at the end of 2011, 291 operated as Texas Roadhouse restaurants and three operated under the name of Aspen Creek. All of the company’s planned restaurant growth in 2012 will be Texas Roadhouse restaurants.
The restaurants offer an assortment of specially seasoned and aged steaks hand-cut daily on premises and cooked to order over open gas-fired grills. In addition to steaks, the menu includes a selection of ribs, fish, seafood, chicken, pork chops, pulled pork and vegetable plates, and an assortment of hamburgers, salads and sandwiches. Most restaurants feature a full bar, and alcoholic beverages accounted for 10.7% of restaurant sales at Texas Roadhouse in fiscal 2011.
Total revenue was up 10% last year compared to 2010, reflecting the results of the 21 new restaurants that opened as well a 4.7% increase in comparable restaurant sales for 2011 and a 5% increase in average unit volume.
The current prototypical restaurants consist of a freestanding building with approximately 6,679 to 7,079 square feet of space constructed on sites of approximately 1.7 to 2.0 acres or retail pad sites, with seating of approximately 57 to 64 tables for a total of 245 to 281 guests, including 15 bar seats, and parking for approximately 160 vehicles either on-site or in combination with some form of off-site cross parking arrangement. The current prototypes are adaptable to in-line and end cap locations such as spaces within an enclosed mall or a shopping center. Texas Roadhouse expects to open 25 company restaurants in 2012.