After its acquisition by private equity firm The Walnut Group in late 2006, Stir Crazy is powered by some heavy hitters: chairman Frederic Mayerson was a cofounder of Chi Chi's Mexican Restaurants, CEO Michael Strauss created Harry's Pacific Grill and president and COO Greg Carey is a former COO of P.F. Chang's China Bistro. That last credential is particularly relevant for Stir Crazy, a full-service casual concept that features Chinese, Thai, Vietnamese and Japanese food with a focus on fresh, quality ingredients and bold flavors. Six units are scheduled to open this year.
|2007 Systemwide Sales||$36,000,000*|
|% Change in Sales||20.0%|
|2007 U.S. Units||11|
|% Change in Units||22.2%|
|2007 Average Unit Volume||$3,600,000|
|% Change in AUV||9.1%|
|Future 50 Year||2008|