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Old Country Buffet/HomeTown Buffet<br />

Headquarters<br />

1460 Buffet Way, Eagan, Minnesota 55121 USA<br />

Tel: (651)994-8608 Fax: (651)365-2356<br />

www.buffet.com<br />

Ownership: Private<br />

Segment: Limited Service Cafeteria/Buffet<br />

System Characteristics 2006 2005 2004<br />

U.S. Systemwide Sales ($000) 1,000,680 966,515 986,563<br />

Company-owned ($000) 963,162 926,781 942,831<br />

Franchised ($000) 37,518 39,734 43,732<br />

U.S. Number of Units 356 372 380<br />

Company-owned 338 354 360<br />

Franchised 18 18 20<br />

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

International Units - - -<br />

Average Sales/Unit ($000) 2,811 2,598 2,596<br />

Concept Positioning |<br />

Old Country Buffet/HomeTown Buffet is a limited-service buffet concept owned by Buffets Holdings Inc. The restaurants<br />

operate 356 units across the U.S., 18 of which are franchised.<br />

Old Country Buffet units are 8,000–13,850 sq. ft. Décor is contemporary with “country” design elements. Areas can be<br />

partitioned off for group meetings and special events. HomeTown Buffet units are approximately 10,000 sq. ft. In both<br />

concepts, seating capacity ranges from 225–600 guests. Most units of the two brands are freestanding structures located in<br />

strip shopping centers. In both concepts, customers pay upon entering and are seated by restaurant personnel. All the<br />

restaurants incorporate a scatter bar service system in which the traditional buffet line is replaced by eight separate buffet<br />

islands; this format allows for shorter lines and easier patron access.<br />

Buffets Holdings, Inc. was founded by Roe H. Hatlen and C. Dennis Scott in 1983. The first Old Country Buffet opened in<br />

Richfield, MN, in 1984, and the first franchised unit began operations in 1985. In 1989, Scott left the company and founded<br />

HomeTown Buffet. In 1996, Buffets and HomeTown merged, forming the nation's 13th largest restaurant chain. In 2006,<br />

Buffets merged with Ryan's Restaurant Group. The $876 million cash transaction included the acquisition of Ryan's Grill,<br />

Buffet & Bakery and Fire Mountain concepts. Currently, the company is seeking franchisees for its buffets. In addition to over<br />

634 buffet restaurants, Buffets, Inc. and its subsidiaries operate nine Tahoe Joe’s Famous Steakhouses in California.<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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