RISE - Menu Monitor

McCormick & Schmick's
Headquarters
720 SW Washington St. Suite 550, Portland, Oregon 97205 USA
Tel: (503)226-3440 Fax: (503)228-5074
www.mccormickandschmicks.com
Ownership: Public
Segment: Full Service Seafood
System Characteristics 2006 2005 2004
U.S. Systemwide Sales ($000) 308,000 278,800 238,800
Company-owned ($000) 308,000 278,800 238,800
Franchised ($000) - - -
U.S. Number of Units 66 59 52
Company-owned 66 59 52
Franchised - - -
International Sales ($000) - - -
International Units - - -
Average Sales/Unit ($000) 5,325 5,200 5,205
Concept Positioning |
McCormick & Schmick’s operates a chain of full-service restaurants specializing in fresh seafood. McCormick & Schmick’s
Seafood Restaurants, Inc. is the parent company of McCormick & Schmick’s. McCormick & Schmick’s boasts an upscale, not
uptight atmosphere. The restaurant features an extensive seafood menu, as well as premium steaks, chicken, pasta and salad
entrées. McCormick and Schmick’s is operated by McCormick & Schmick Management Group, which is owned by Castle
Harlan Inc.
Units are primarily freestanding located in high-traffic metropolitan areas displaying designs that reflect the culture and
heritage of the city in which it is located. Almost half are located in historical buildings that are part of the National Register of
Historic Places. Interiors include the use of rich woods, stained glass, candles and brass. Restaurants are open for lunch and
dinner. Stores range in size from approximately 6,000-14,000 sq. ft. with seating for 200-350 patrons, although the average
size is 8,500 sq. ft. Some units also have 40-60 additional seats in a patio area.
McCormick & Schmick’s was founded in 1972 by William P. McCormick and Douglas L. Schmick in Portland, OR. In 1997,
Avado completed its acquisition of the company for some $53 million in cash and stock, but that followed with an
announcement of its sale to Bruckmann, Rosser, Sherrill & Co. LLC in 2001. McCormick & Schmick went public in July 2004.
In October 2006, McCormick & Schmick Management Group acquired the Boathouse restaurant concept from The Spectra
Group of Great Restaurants for approximately $14.3 million. In 2004, the company launched a smaller sister concept, M&S
Grill, continues to be slowly expanded in McCormick & Schmick’s existing markets. The company plans to open six new
restaurants in 2007.
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