Del Frisco Restaurant Group Considers Sale of Unit

For the past two years, Texas-based Del Frisco Restaurant Group, Inc. has considered selling its Sullivan’s Steakhouse unit. Although still not sold, Del Frisco closed several locations and reduced hours of operation at others. 

The problem is that Sullivan’s is simply not making enough money to justify continuing its operation. The average meal check, for instance, has recently decreased by 4.7 percent, so locations in Seattle, Houston, and Austin have been shuttered. 

Another notable factor is that Del Frisco foresees corporate savings of $500,000 if they sell Sullivan’s. This capital could be plowed into one of their other two units and allow them to deploy the cash into their growing digital platform. 

In the fourth quarter of 2017, Del Frisco recorded a loss of $15 million compared to a profit of $7.1 million in 2016. The need to solve the Sullivan cash drain is clearly a priority of management. 

Read more at Nation’s Restaurant News     

Latest

How Did Rural Hospitals Expand, Even During a Pandemic?
April 16, 2021
The challenges healthcare executives and administrators face are constantly changing. Host Kevin Stevenson talks with the heroes behind the heroes that are enabling hospitals, urgent care centers and telemedicine Read more
Sanitation Practices That We Will Stick With After COVID
April 16, 2021
The initial response to COVID saw a massive increase in the use of disinfectants across a wide spectrum of operations, everything from retail, transportation, hospitality, and healthcare to gymnasiums Read more
Seeing, Moving, Tracking: An Introduction to RTLS Solutions and the Visibility They Provide
April 15, 2021
  Seeing, Moving, Tracking is a new podcast by Redpoint Positioning that will bring insights across the warehousing, industrial management and operations world. The show will feature trends, technologies, Read more