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International Guild of Hospitality & Restaurant Managers

Lone Star Steakhouse & Saloon, Inc


Lone Star Steakhouse & Saloon, Inc., as of March 19, 2002, owned and operated 249 mid-priced, full service, casual dining restaurants located in the United States, which operate under the trade name Lone Star Steakhouse & Saloon or Lone Star Cafe (Lone Star or Lone Star Steakhouse & Saloon), and 20 upscale steakhouse restaurants, five operating as Del Frisco's Double Eagle Steak House (Del Frisco's) restaurants and 15 operating as Sullivan's Steakhouse (Sullivan's) restaurants. In addition, a licensee operates three Lone Star restaurants in California and a licensee operates a Del Frisco's restaurant in Orlando , Florida . Internationally, the Company operates 25 Lone Star Steakhouse & Saloon restaurants in Australia . In addition, a licensee operates a Lone Star Steakhouse & Saloon restaurant in Guam .

A focus on selection, training and in-store execution along with Lone Star's continued marketing initiatives and the successful creation of the Sullivan's upscale concept and the development of the Del Frisco's concept, differentiate the Company from other restaurant companies that operate steakhouse restaurants.

Lone Star restaurants are positioned as "destination restaurants" that attract loyal clientele. The Lone Star restaurants embrace a Texas-style concept that features
Texas artifacts and country and western music. The authentic "Texas Roadhouse" concept was developed to capitalize on the enduring popularity of Texas related themes. Lone Star is further distinguished by its high quality, USDA choice-graded steaks which are hand-cut fresh daily at each restaurant and mesquite grilled to order. Meals are generous "Texas-sized" portions, and full bar service is available. The atmosphere created by the restaurants' "Texas Roadhouse" ambiance includes neon beer signs and specially selected upbeat country and western music. The decor includes planked wooden floors, dim lighting, flags and other Texas memorabilia, all of which enhance the casual dining experience and establish a distinct identity.

Del Frisco's is designed to serve a sophisticated clientele, including business related dining occasions. The Del Frisco's concept embraces an elegant and timeless early twentieth century motif. The concept features old ways of cooking, such as master broiling and roasting. Del Frisco's decor and ambiance include dark woods, fabric walls, fireplaces, separate dining rooms and soft background music. These elements enhance the dining experience and establish a distinct identity for Del Frisco's. Del Frisco's is further distinguished by its high quality, USDA prime-graded steaks hand cut in each restaurant. Del Frisco's restaurants serve dinner only, except the
New York City restaurant, which is also open for lunch, and are generally open Monday through Saturday.

Sullivan's was named after the boxer, John L. Sullivan, and embraces a
Chicago style 1940's steakhouse theme with nostalgic influences that feature jazz and swing music. The bar features live jazz music several nights a week. The decor includes an open kitchen, separate dining rooms, dark wood paneling, carpeted floors, warm lighting and white tablecloths. Sullivan's is distinguished by its high quality, well aged, Midwest grain fed steaks, chops and seafood.

1999-2000 International Guild of Hospitality and Restaurant Managers Inc. All rights reserved.

The data included within the Financial section is solely for information  and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.