RISE - Menu Monitor

Personnel |
Dan Clay, COO/President
Dan Admire, Culinary Director
Robert Hartnett, CEO
Robert Ellis, CFO
Murray Meikenhous, V.P. of Purchasing
Jen Gulvik, V.P. of Marketing
News & Other |
Houlihan’s customers in Geneva, IL, were urged by local health officials to get precautionary injections to protect against
hepatitis A. A restaurant employee tested positive for hepatitis A, a usually non-lethal viral disease that attacks the liver. Health
officials estimate that about 4,000 people visited this location of the casual-dining chain in early January. About 630 customers
have already accepted the health department’s offer of a free immunity-boosting globulin shot. (NRN Daily NewsFax 1/24/07)
Houlihan’s Restaurants Inc. is thriving while other casual dining concepts are struggling. Houlihan’s financial results track four
years of positive same-store sales and record revenue after a bankruptcy filing in 2002. In the next two years, the company
plans to open 20–25 units each year. In the next 10 years, the company plans to open 300–400 new locations, 60% of them
franchised. (Bizjournals.com 5/18/07)
Houlihan’s Restaurants Inc. received more than $68 million to fund its new prototype expansion and remodeling. Wells Fargo
Foothill Restaurant Finance provided a $40 million senior credit facility and Goldner Hawn Johnson provided $28 million in
equity. The funds are being used to develop a new prototype with new menu formats, architecture, music and uniforms, along
with a larger bar area and patio-style dining. The format debuted in Chicago in May 2006 and costs $2.2 million to build. In
addition, the company stated it would focus on corporate restaurant growth and limit franchise growth. (Nation’s Restaurant
News 6/4/07 p10)
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Technomic believes that its sources of information are reliable, but does not assume any responsibility or liability for the accuracy of the information
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