BJ's Restaurants, Inc. Opens in Culver City, California
October 06 2009 - 3:37PM
Business Wire
BJ's Restaurants, Inc. (NASDAQ: BJRI) today announced the
opening of its newest restaurant in Culver City, California, a Los
Angeles suburb, on October 5, 2009. The new BJ's Restaurant &
Brewhouse is located at 6000 Sepulveda Blvd, at the intersection of
I-405 and Sepulveda Blvd. in the newly renovated Fox Hills Mall.
The restaurant is part of the new 350,000 square feet of additional
retail space anchored by Target, Best Buy, Forever XXI, and H &
M. The restaurant is approximately 8,500 square feet and contains
seating for approximately 280 guests and features BJ’s extensive
menu, including BJ's signature deep-dish pizza, award-winning
handcrafted beer and famous Pizookie® dessert. BJ’s highly
detailed, contemporary décor and unique video statement, including
several high definition flat panel televisions, creates a high
energy, fun and family-friendly dining environment for everyone to
enjoy. Hours of operation are from 11:00 a.m. to 12:00 midnight
Sunday through Thursday and 11:00 a.m. to 1:00 a.m. Friday and
Saturday.
“We are very excited to open BJ’s 88th restaurant in our ‘home
court’ of Southern California at the newly renovated Fox Hills Mall
in Culver City,” commented Jerry Deitchle, Chairman and CEO. “Sales
for our first day of operations were very strong. Our new Culver
City restaurant exemplifies our planned restaurant expansion for
the next few years which will be primarily focused on locations in
mature, densely populated trade areas in existing BJ's markets.
This will facilitate the achievement of increased leverage in every
aspect of our business model. Our new Culver City restaurant
represents our sixth new restaurant this year, and we remain on
track to open four more restaurants before the end of the year. By
doing so, we will achieve our stated goal to increase our total
restaurant operating weeks by approximately 15% for the full year.”
Investors are reminded that the actual number and timing of new
restaurant openings for any given period is subject to a number of
factors outside of the Company's control, including weather
conditions and factors under the control of landlords, contractors
and regulatory/licensing authorities.
BJ's Restaurants, Inc. currently owns and operates 88 casual
dining restaurants under the BJ's Restaurant & Brewery, BJ's
Restaurant & Brewhouse or BJ's Pizza & Grill brand names.
BJ's restaurants offer an innovative and broad menu featuring
award-winning, signature deep-dish pizza complemented with
generously portioned salads, appetizers, sandwiches, soups, pastas,
entrées and desserts. Quality, flavor, value, moderate prices and
sincere service remain distinct attributes of the BJ's experience.
The Company operates several microbreweries which produce and
distribute BJ's critically acclaimed handcrafted beers throughout
the chain. The Company's restaurants are located in California
(46), Texas (15), Arizona (5), Colorado (3), Oregon (2), Nevada
(3), Florida (5), Ohio (2), Oklahoma (2), Kentucky (1), Indiana
(1), Louisiana (1) and Washington (2). The Company also has a
licensing interest in a BJ's restaurant in Lahaina, Maui. Visit
BJ's Restaurants, Inc. on the Web at
http://www.bjsrestaurants.com.
Certain statements in the preceding paragraphs and all other
statements that are not purely historical constitute
"forward-looking” statements for purposes of the Securities Act of
1933 and the Securities and Exchange Act of 1934, as amended, and
are intended to be covered by the safe harbors created thereby.
Such statements include, but are not limited to, those regarding
expected comparable restaurant sales growth in future periods,
those regarding the effect of new sales-building initiatives, as
well as those regarding the number of restaurants expected to be
opened in future periods and the timing and location of such
openings. These “forward-looking” statements involve known and
unknown risks, uncertainties and other factors which may cause
actual results to be materially different from those projected or
anticipated. Factors that might cause such differences include, but
are not limited to: (i) the effect of recent credit and equity
market disruptions on our ability to finance our continued
expansion on acceptable terms, (ii) our ability to manage an
increasing number of new restaurant openings, (iii) construction
delays, (iv) labor shortages, (v) minimum wage increases, (vi) food
quality and health concerns, (vii) factors that impact California,
where 46 of our current 88 restaurants are located, (viii)
restaurant and brewery industry competition, (ix) impact of certain
brewery business considerations, including without limitation,
dependence upon suppliers and related hazards, (x) consumer
spending trends in general for casual dining occasions, (xi)
potential uninsured losses and liabilities, (xii) fluctuating
commodity costs and availability of food in general and certain raw
materials related to the brewing of our handcrafted beers and
energy, (xiii) trademark and servicemark risks, (xiv) government
regulations, (xv) licensing costs, (xvi) beer and liquor
regulations, (xvii) loss of key personnel, (xviii) inability to
secure acceptable sites, (xix) limitations on insurance coverage,
(xx) legal proceedings, (xxi) other general economic and regulatory
conditions and requirements, (xxii) the success of our key
sales-building and related operational initiatives and (xxiii)
numerous other matters discussed in the Company's filings with the
Securities and Exchange Commission. BJ's Restaurants, Inc.
undertakes no obligation to update or alter its “forward-looking”
statements whether as a result of new information, future events or
otherwise.
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