A moderately priced steakhouse concept, Tahoe Joe's is up for sale as its owner, Buffets, Inc., tries to recover from a January bankruptcy filing. Buffets, Inc., which also operates Hometown Buffet, Old Country Buffet, Ryan's Grill and Fire Mountain, became full owner of Tahoe Joe's in 2003, but has since decided to sell the chain in order to focus on its core concepts. As of mid-May, all of Tahoe Joe's locations continued to operate while the firm looked for a buyer.
|2007 Systemwide Sales||$42,000,000*|
|% Change in Sales||13.5%|
|2007 U.S. Units||11|
|% Change in Units||10.0%|
|2007 Average Unit Volume||$4,000,000|
|% Change in AUV||2.6%|
|Future 50 Year||2008|