Houlihan’s Restaurant & Bar Looks for Locations

August 7, 2008

Houlihan’s Restaurant, Inc. trades as Houlihan’s Restaurant & Bar at 96 locations nationwide.  The casual dining restaurants occupy spaces of 6,500 sq.ft. to 7,500 sq.ft. in freestanding locations, malls and entertainment, lifestyle, power and specialty centers.  Plans call for 15 to 20 openings throughout the Midwest, Northeast and Southeast during the coming 18 months.  Typical leases run 15 years with options.  Preferred demographics include a population of 15,000 within three miles earning $75,000 as the average household income.  Major competitors include The Cheesecake Factory and P.F. Chang’s.  A land area of 1.75 acres is required for freestanding locations.  The company is franchising.

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