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RISE - Menu Monitor

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Furr's Family Dining<br />

Headquarters<br />

2701 East Plano Parkway Suite 200, Plano, Texas 75074 USA<br />

Tel: (214)291-2900 Fax: (214)291-2467<br />

www.furrs.net<br />

Ownership: Private<br />

Segment: Limited Service Cafeteria/Buffet<br />

System Characteristics 2006 2005 2004<br />

U.S. Systemwide Sales ($000) 115,000 114,000 118,000<br />

Company-owned ($000) 115,000 114,000 118,000<br />

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

U.S. Number of Units 55 54 57<br />

Company-owned 55 54 57<br />

Franchised - - -<br />

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

International Units - - -<br />

Average Sales/Unit ($000) 2,075 2,050 2,070<br />

Concept Positioning |<br />

Furr’s Family Dining, formerly known as Furr's/Bishop’s Cafeterias, is a major operator of limited service cafeterias in the U.S.<br />

Furr’s Family Dining offers casual and affordable buffet-style dining, with a concept and price point that appeals to budgetconscious<br />

diners and families seeking traditional American comfort food. All of its locations are open seven days a week for<br />

lunch and dinner, and a few also serve breakfast. Food is prepared for serving by each individual cafeteria. Although patrons<br />

serve themselves at the buffet, a dining room attendant is also available to help with a tray and to offer complimentary refills of<br />

coffee and tea. Buffet Partners LP is the parent company of Furr’s Family Dining, which are 100% company owned. There are<br />

over 55 units located in seven U.S. states: Arizona, Colorado, Florida, Kansas, New Mexico and Oklahoma.<br />

Units are either freestanding or located in endcaps adjacent to shopping malls. In 2000, the company unveiled a revamped<br />

prototype under the name Furr’s Family Buffet—now known as Furr’s Fresh Buffet. The 11,000-sq.-ft. unit features an updated<br />

exterior design and seats 420 customers. However, most units average 10,000 sq. ft. and have the seating capacity to<br />

accommodate 200–300 customers. Interiors of Furr's units feature carpeting and a center hearth. Most units differ in design,<br />

but all share a homey atmosphere which is created by earth-tone colors, beamed ceilings, patterned wall coverings, carpeting,<br />

chandeliers, and shirred curtains and side-drapes at the windows. Over the past several years, the company has spent over<br />

$30 million on capital expenses to maintain and remodel existing units.<br />

Furr's Cafeterias was first established in 1946 by brothers Roy and Key Furr with the first location in Hobbs, NM. Bishop<br />

Buffets was founded in 1920. Acquired together in 1986, Furr’s/Bishop’s Cafeterias operated 50-plus locations throughout the<br />

South. Slumping sales forced Furr's to file for Chapter 11 bankruptcy in late-2003, resulting in a sale of its Bishop’s units.<br />

Backed by Cardinal Investment, Buffet Partners LP acquired Furr's for $30 million in 2003. Dynamic Foods, based in Lubbock,<br />

TX, is also operated by the company and provides about 85% of the food and supplies required in its units. Dynamic also sells<br />

pre-cut produce, bakery items, meats and seafood and various prepared foods to outside customers. Immediate and long-term<br />

expansion goals call for continued growth in the South as well as states in the western U.S.<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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