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RISE - Menu Monitor

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Fleming's Prime Steakhouse & Wine Bar<br />

Headquarters<br />

2202 N. Westshore Blvd 5th FL, Tampa, Florida 33607 USA<br />

Tel: (813)282-1225 Fax: (813)282-1209<br />

www.flemingsprimesteakhouse.com<br />

Ownership: Private<br />

Segment: Full Service Steak<br />

System Characteristics 2006 2005 2004<br />

U.S. Systemwide Sales ($000) 200,000 150,000 109,000<br />

Company-owned ($000) 200,000 150,000 109,000<br />

Franchised ($000) - - -<br />

U.S. Number of Units 50 39 32<br />

Company-owned 50 39 32<br />

Franchised - - -<br />

International Sales ($000) - - -<br />

International Units - - -<br />

Average Sales/Unit ($000) 5,000 4,911 4,550<br />

Concept Positioning |<br />

Fleming's Prime Steakhouse & Wine Bar is a full-service polished-casual dinnerhouse concept known for its premium aged<br />

steaks and superior wine selection. The concept is positioned as a contemporary and lively steakhouse with a warm ambiance<br />

and moderate price point. Fleming’s attracts a broad demographic, from professionals and couples to families with children.<br />

OSI Restaurant Partners Inc., the parent company of Fleming’s, owns and operates 50 locations nationwide.<br />

Units average 7,900 sq. ft. with seating for 200 guests in the main dining room and an additional 34 at the bar. Fleming’s décor<br />

includes custom-made alabaster chandeliers, high ceilings, light wood fixtures with cherry wood accents and hardwood floors.<br />

Carefully arranged leather booths, banquettes and tables are spaciously arranged for a large, open setting. Other design<br />

features include exhibition kitchens finished in stainless steel and accented with copper, large glass tempered display wine<br />

vaults and bars. Separate dining rooms are also available to accommodate larger groups for private events.<br />

Paul Fleming and Bill Allen launched Fleming’s Prime Steakhouse & Wine Bar in 1998 in Newport Beach, CA. Outback<br />

Steakhouse, Inc. became a joint-venture partner in 1999, with Fleming and Allen holding a 50% interest and Outback holding<br />

the other half. In 2004, Outback boosted its stake in Fleming's to 90% following an infusion of $39 million. In 2006, Outback<br />

Steakhouse announced a company name change to OSI Restaurant Partners Inc. OSI also owns Outback Steakhouse,<br />

Carrabba's Italian Grill, Bonefish Grill, Roy’s, Lee Roy Selmon's, Cheeseburger in Paradise and Blue Coral Seafood & Spirits.<br />

The company has not disclosed future expansion plans.<br />

<strong>Menu</strong> Positioning |<br />

Fleming's offers a full-service elegant dining experience and specializes in premium hand-cut aged steaks. Other menu<br />

features include appetizers, salads, sides, chops, chicken, seafood and beverages. Signature items are its USDA prime<br />

beefsteaks, such as the 8-oz. Petite Filet, 16-oz. Prime Ribeye, 16-oz. Prime New York Strip and the Beef Flemington. Other<br />

popular menu items include Breaded Brie, Warm Spinach Mushroom Salad, Australian Lamp Chops, Tuna Mignon and<br />

Steamed King Crab Legs. Sides include a selection of roasted seasonal vegetables, sautéed mushrooms, sautéed or creamed<br />

spinach, chipotle Cheddar macaroni & cheese, shoestring potatoes, stuffed double baked potatoes and onion rings. Fleming's<br />

has a wine list of more than 100 domestic and imported wines by the glass and a vault reserve list with more than 80 bottles of<br />

limited availability. <strong>Menu</strong> prices range from $4.95–$33.95 and checks average $55.<br />

©Technomic Information Services 2007, CIS profiles may not be copied or distributed in any print or electronic format without a license or written consent.<br />

Technomic believes that its sources of information are reliable, but does not assume any responsibility or liability for the accuracy of the information<br />

published.<br />

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