Las Vegas Sun

December 4, 2009

Currently: 39° | Complete forecast | Log in

Venetian restaurant posts strong sales

Friday, Aug. 13, 1999 | 11:06 a.m.

The Cheesecake Factory Inc. said its Grand Lux Cafe restaurant at the new Venetian resort on the Las Vegas Strip "is a solid success so far," attracting a mix of hotel guests and Las Vegas residents.

Cheesecake Factory Chairman David Overton said weekly sales have climbed steadily since the restaurant opened in May at the $1.5 billion Strip resort.

"Based on our most recent sales volumes, annualized sales per square foot are currently tracking in excess of $1,000, which is higher than the industry leading average of about $900" for each of the company's 30 restaurants, he said.

"Financially, Grand Lux Cafe is performing ahead of our initial expectations and we are very pleased with that," Overton said.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 4 Fri
  • 5 Sat
  • 6 Sun
  • 7 Mon
  • 8 Tue

All events on Friday »