As of Dec 31, 2017, there were 155 Ruth's Chris Steak House restaurants in operation (77 company-operated, 76 franchised and 2 under management agreement).
In fiscal 2017, the company acquired 6 restaurants in Hawaii from franchisees, and 5 net restaurants were opened, systemwide. During fiscal 2018, the company expects to open a company-owned restaurant in Jersey City, NJ in the third quarter and franchisees are expected to open new stores in Indianapolis and Ontario. Long-term, the company hopes to open 3 to 5 units per year each for company-owned and franchised restaurants.
All restaurants are leased with the exception of 1 owned restaurants and 4 land leased locations. The majority of the leased locations provide for an option to renew with terms ranging 5 to 20 years. The 1 company-owned Ruth's Chris restaurant that is not leased is located in Ft. Lauderdale, FL (7,800 square feet).
Company-owned Ruth's Chris restaurants range in size from 4,000 to 13,000 square feet, with approximately 180 to 375 seats. Future openings will range in size from 8,000 square feet to 12,000 square feet with approximately 230 to 250 seats.
|Company-operated restaurant growth||13.2%||13.2%||1.5%||3.1%||3.2%||-1.6%|
|Franchised restaurant growth||-6.2%||-6.2%||1.3%||3.9%||2.7%||4.2%|
|Systemwide restaurant growth||2.7%||2.7%||1.4%||3.5%||2.9%||1.5%|
|Avg restaurant gross sq ft||9,300||9,300||9,300||9,300||9,300||9,400|
|Avg restaurant gross sq ft growth||0.0%||0.0%||-0.1%||-0.3%||-0.3%||-0.1%|