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McCormick and Schmick's

Chain of seafood restaurants.

Headquarters:
1414 NW Northrup, Suite 700
Portland OR 97209
Employees: 7,000
CEO: William Freeman
Stock Symbol: MSSR

Website: http://www.mccormickandschmicks.com/

Career Site

McCormick & Schmick's Seafood Restaurants is a national chain of upscale seafood restaurants with 88 locations in the U.S. and six restaurants in Canada under The Boathouse name.

The daily-printed menu at each McCormick & Schmick restaurant typically contains between 85 and 110 made-to-order dishes, including an extensive selection of international, national, regional and local species of seafood. The signature "Fresh List," prominently displayed at the top of the daily-printed menu, typically contains 30 to 40 varieties of fresh seafood, based on product availability, price and customer preferences.

McCormick & Schmick restaurants are designed to capture the distinctive characteristics of each local market, positioning it to compete successfully in a sector comprised primarily of locally-owned and operated seafood restaurants. The restaurants target a diverse customer base of men and women, primarily ages 30 to 60, typically college-educated and in the middle to upper-middle income brackets.

For fiscal year 2009, company revenues were $390.7 million, down 7.8% from $390.7 million, and net loss for the year of $14.7 million due to the weak economy.

History

The history of McCormick & Schmick's Seafood Restaurants began when Bill McCormick purchased Jake's Famous Crawfish Restaurant located in Portland, Oregon, and brought the more than 100-year-old landmark back to life.

When asked the secret of how he revitalized a restaurant on the brink of closing, McCormick says, "I like nothing better than being a good host." In addition to his spirited personality, McCormick has an ability to bring out the best in other's managerial skills and strengths, a combination essential in a successful business.

Part of the managerial talent McCormick tapped was Doug Schmick, a management trainee. The two formed a partnership in 1974, creating Traditional Concepts, a precursor to today's McCormick & Schmick's Seafood Restaurants. In 1979, they opened the original McCormick & Schmick's Seafood Restaurant in Portland, Oregon. Since that time, the company has expanded to more than 80 restaurants across the country.

In 2004, McCormick & Schmick’s Seafood Restaurants, Inc. became a public company, trading on the NASDAQ as MSSR. In early 2007 McCormick & Schmick’s purchased five Boathouse Restaurant locations in Vancouver, BC. Since then, another has opened.

Benefits

McCormick & Schmick’s offers each employee career advancement opportunities and offers a comprehensive employee benefits package designed to help balance work life and personal life.

Updated September 8, 2010