As of Oct 1, 2017, the company operated 43 restaurants in 14 states, including 19 J. Alexander's restaurants, 12 Redlands Grill restaurants, 12 Stoney River Steakhouse and Grill locations, and 1 Lyndhurst Grill restaurant.
In fiscal 2016, the company opened 1 new Stoney River Steakhouse location and 1 J. Alexander's restaurant in North Carolina. During the first nine months of fiscal 2017, the company opened 1 and closed 1 J. Alexander restaurants, and converted a J. Alexander restaurant into a Lyndhurst Grill location.
The company owns the building and land for 18 locations, owns the building on leased land for 16 locations and leases 10 restaurant locations. Leases generally have initial terms of 15 to 20 years, with renewal periods of 5 years.
Restaurants are generally located in metropolitan areas with a high concentration of the upper income demographic that dine out frequently. J. Alexander’s and Redlands Grill locations typically contain approximately 6,900 to 9,000 square feet with seating for an average of approximately 220 guests. Stoney River locations typically contain approximately 6,400 to 8,000 square feet with seating for an average of approximately 260 guests.
|Company-operated restaurant growth||4.8%||7.3%||0.0%||2.5%||21.2%||0.0%|
|Systemwide restaurant growth||4.8%||7.3%||0.0%||2.5%||21.2%||0.0%|
|Avg restaurant gross sq ft||7,700||7,700||7,800||7,800||7,800||8,000|
|Avg restaurant gross sq ft growth||-0.1%||-0.3%||0.0%||0.1%||-2.4%||0.0%|