Joe's Crab Shack
Joe's Crab Shack Headquarters Address
10555 Richmond Avenue, Houston Texas 77042 (view in map)
Joe's Crab Shack Photos
About Joe's Crab Shack
Foodies with a burning passion for seafood and fun turn to this company. Ignite Restaurant Group operates Joe's Crab Shack, a casual dining chain with more than 115 locations in Texas, California, Florida, and about 25 other states. The eateries feature a wide variety of grilled, fried, and stuffed seafood, along with sandwiches and sides. The seafood chain is known for its quirky surf-inspired atmosphere where the servers are often part of the entertainment. In addition to its flagship restaurant brand, Ignite Restaurant Group operates a small number of Brick House Tavern + Tap locations. Private equity group J. H. Whitney Capital Partners owns the company. Ignite Restaurant Group filed an IPO in mid-2011.
The company hopes to raise about $100 million through its initial public offering. Ignite Restaurant Group will use the bulk of the proceeds to pay down debt.
Like other casual dining operators, Ignite Restaurant Group's flagship chain is focused on attracting a broad cross-section of consumers with mid-range prices and a menu designed to appeal to a variety of tastes. It leans heavily on advertising and marketing to create brand identity, employing value pricing and limited-time menu offers to drive additional sales.
While battling with national chains such as Applebee's (owned by DineEquity) and T.G.I. Friday's (Carlson Restaurants Worldwide) for business in the broader casual dining sector, Joe's Crab Shack directly competes with Darden Restaurants' Red Lobster chain in the seafood segment. Joe's Crab Shack differentiates itself with its vacation vibe and the informal presentation of its food. Many of the chain's most successful restaurants are located near tourists attractions.
Ignite Restaurant Group launched Brick House Tavern + Tap in 2008. The chain of about 15 "gastro pub" restaurants features contemporary takes on hamburgers, pork chops, and chicken. The Brick House Tavern + Tap locations also have full bars and sell more than 70 varieties of beer. About half of the small chain's revenues come from alcohol sales.
J. H. Whitney Capital acquired Joe's Crab Shack from Landry's Restaurants for $190 million in 2006. The following year Ray Blanchette was brought in as CEO to lead growth efforts. He was previously head of Pick Up Stix, an Asian-themed chain owned by Carlson Restaurants.
Chris King opened the first Joe's Crab Shack in Houston in 1991 and sold the concept to Landry's three years later. A multi-concept casual-dining operator, Landry's disposed of the chain as part of an effort to focus on its core restaurant concepts.
The company hopes to raise about $100 million through its initial public offering. Ignite Restaurant Group will use the bulk of the proceeds to pay down debt.
Like other casual dining operators, Ignite Restaurant Group's flagship chain is focused on attracting a broad cross-section of consumers with mid-range prices and a menu designed to appeal to a variety of tastes. It leans heavily on advertising and marketing to create brand identity, employing value pricing and limited-time menu offers to drive additional sales.
While battling with national chains such as Applebee's (owned by DineEquity) and T.G.I. Friday's (Carlson Restaurants Worldwide) for business in the broader casual dining sector, Joe's Crab Shack directly competes with Darden Restaurants' Red Lobster chain in the seafood segment. Joe's Crab Shack differentiates itself with its vacation vibe and the informal presentation of its food. Many of the chain's most successful restaurants are located near tourists attractions.
Ignite Restaurant Group launched Brick House Tavern + Tap in 2008. The chain of about 15 "gastro pub" restaurants features contemporary takes on hamburgers, pork chops, and chicken. The Brick House Tavern + Tap locations also have full bars and sell more than 70 varieties of beer. About half of the small chain's revenues come from alcohol sales.
J. H. Whitney Capital acquired Joe's Crab Shack from Landry's Restaurants for $190 million in 2006. The following year Ray Blanchette was brought in as CEO to lead growth efforts. He was previously head of Pick Up Stix, an Asian-themed chain owned by Carlson Restaurants.
Chris King opened the first Joe's Crab Shack in Houston in 1991 and sold the concept to Landry's three years later. A multi-concept casual-dining operator, Landry's disposed of the chain as part of an effort to focus on its core restaurant concepts.
Number of Employees in Joe's Crab Shack
10,000+
Joe's Crab Shack Revenue
$100M to $500M (USD)
Industry
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