As of Jun 27, 2016, the company operated 127 Joe’s restaurants in 32 states and 26 Brick House Tavern + Tap restaurants in 10 states.
In fiscal 2015, the company opened 2 Brick House Tavern + Tap restaurants and closed 9 underperforming Joe's Crab Shak locations, 3 of which to be converted to Brick House Tavern + Tap restaurants. In addition, the company sold the Macaroni Grill concept on Apr 17, 2015. During the first half of fiscal 2016, the company opened 3 new restaurants and closed 3 restaurants. The company has put all unit development on hold while focusing on trying to improve execution at current locations.
All restaurants are leased under non-cancelable leases, and in general have 10 to 15 year terms, with 3 to 5-year extensions.
Joe's Crab Shack restaurants are largely free-standing and average 8,000 square feet with over 200 seats, and most have patio space. The typical Brick House restaurant is approximately 8,500 square feet with 250 seats, and outdoor seating is also available on a patio or around an open fire pit at nearly all locations.
|Company-operated restaurant growth||-5.0%||-4.4%||2.6%||132.6%||6.7%||7.1%|
|Franchised restaurant growth||8.3%||N/A||8.3%||N/A||N/A||N/A|
|Systemwide restaurant growth||-5.0%||-4.4%||2.6%||149.3%||6.7%||7.1%|
|Avg restaurant gross sq ft||8,100||8,100||8,100||7,500||8,100||8,100|
|Avg restaurant gross sq ft growth||0.0%||0.0%||0.0%||-7.3%||-0.1%||0.1%|
Notes:Romano's Macaroni Grill was acquired in April 2013