National restaurant chain offering cheesecakes, lunch and dinner.
26901 Malibu Hills Road
Calabasas Hills, CA 91301
CEO: David Overton
Stock Symbol: CAKE
The Cheesecake Factory operates 202 full-service, casual dining restaurants throughout the U.S. and Puerto Rico, including 189 restaurants under The Cheesecake Factory name; 12 restaurants under the Grand Lux Cafe name; and one restaurant under the RockSugar Pan Asian Kitchen name. Internationally, there are 12 The Cheesecake Factory restaurants operate under licensing agreements.
The Cheesecake Factory restaurants are best known for its cheesecakes with 70 varieties based on their own recipes.
Some of the most popular cheesecakes include the Original Cheesecake, White Chocolate Raspberry Truffle, Chocolate Peanut Butter Cookie-Dough, Kahlua Almond Fudge, Dutch Apple Caramel Streusel, Fresh Strawberry and Triple Chocolate Brownie Truffle. The cheesecakes aren't made at each restaurant but at two bakery production facilities in Calabasas Hills, CA and Rocky Mount, NC that ship the cakes and baked goods to restaurants and other leading foodservice operators, retailers and distributors.
Cheesecake Factory restaurants currently range in size from 5,400 to 21,000 square feet, provide full liquor service and are generally open seven days a week for lunch and dinner, including Sunday brunch. Dessert sales make up 15% of revenue. Each restaurant has about 170 hourly workers.
Customers also flock to the restaurants because of the restaurant's huge menu with over 250 items made from scratch daily including appetizers, pizza, seafood, steaks, chicken, burgers, pasta, specialty items, salads, sandwiches and omelets. The restaurants also feature a SkinnyLicious menu, which offers approximately 50 innovative items at 590 calories or less.
The interior of Cheesecake Factory estaurants feature high ceilings, French limestone floors and decorative columns, hand-painted fabrics, contemporary lighting and an abundance of cherry wood.
Hours of operation are generally from 11:00 a.m. to 11:00 p.m., except on weekends when most restaurants stay open past midnight, and on Sunday when most restaurants open at 10:00 a.m. for brunch.
The Grand Lux Cafe is an upscale casual dining restaurant concept with 12 locations and a broad menu of 200 items.
The Company also has one restaurant of its newest concept -- RockSugar Pan Asian Kitchen -- in Santa Monica, CA featuring food from Southeast Asia.
In 2015, Cheesecake Factory reported revenues of $2.1 billion, up from $1.77 billion the previous year, and net income was $116.5 million.
In June 2016, the company opened its first location in Shanghai, China at the new Shanghai Disney Resort.
In fiscal 2016, the Company continues to expect to open as many as eight Company-owned restaurants domestically. Internationally, the Company expects as many as four to five restaurants to open under licensing agreements.
Cheesecake Factory has the highest average sales per restaurant of any chain with over $10 million in sales for each location.
Cheesecake Factory ranked No. 88 on the 2015 list of Fortune Magazine's 100 Best Companies to Work For in America.
“ We achieved a number of important milestones in 2015. We expanded our business and now operate 200 restaurants across three concepts. In addition, our international presence grew to 11 locations in operation under licensing agreements. We recorded over $2 billion in revenues for the first time, moved another step forward towards improving our operating margin, and grew adjusted earnings per share by 20%,” said CEO David Overton.
In the late 1940's Evelyn Overton opened a small cheesecake shop in Detroit. In order to raise her two small children, David and Renee, Evelyn gave up the shop and moved her baking to her basement kitchen, where she continued supplying local restaurant clients with her cakes. Then in 1972, with her children grown, Evelyn and her husband Oscar decided to move the business to Los Angeles. Oscar concentrated on selling cakes and building new accounts while Evelyn baked and managed the office. Finding that Los Angeles loved Evelyn's cheesecakes as much as Detroit, their reputation and sales grew! A larger, new and improved bakery was born, creating over 20 varieties of Evelyn's delicious cheesecakes and other incredible desserts which were sold to wholesalers from Santa Barbara to San Diego and eventually out of state.
On Tuesday, February 25, 1978, the Overtons founded the first full service restaurant, "The Cheesecake Factory," which opened in Beverly Hills. Today, Evelyn and Oscar's son, David carries on the same commitment to quality, entrepreneurial spirit, energy and creativity that his parents inspired.
The Cheesecake Factory went public in 1992.
The following are benefits for management employees.
- Dental coverage for you and your eligible dependents
- Prescription drug card
- Vision care
- Long-Term Disability plan, with optional buy-ups
- Life Insurance plan, with optional buy-ups
- Accidental Death and Dismemberment
- Two weeks of accrued vacation every year for your first four years
- Three weeks of accrued vacation every year after five years of employment
- Five-day workweek; two consecutive days off
- Manager meal allowance privilege
- Extensive training and development programs including our own "Career Roadmap"
- Company-paid sick days and bereavement pay
- Dessert discounts on our tempting cheesecakes and other desserts, as well as retail merchandise
- Direct payroll deposit
- Paid relocation assistance
- Performance Based Stock Options
- 401(k) with company contribution
Updated August 31, 2016