Cheesecake Factory NNN Properties for Sale
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| Type | Public |
|---|---|
| Industry | Restaurants |
| Founded | As a bakery: Los Angeles, California, U.S. (1972) As a restaurant: Beverly Hills, California, U.S. (1978) |
| Founder | David Overton |
| Headquarters |
,
U.S. |
|
Number of locations |
308 (2021) |
|
Key people |
David Overton (Chairman and CEO) David Gordon (President) |
| Products | Cheesecakes, burgers, pizza, pasta, steaks, sandwiches |
| Revenue |  US$2.483 billion (2019) |
| US$110.500 million (2021) |
|
| US$127.923 million (2019) |
|
| Total assets | US$2.841 billion (2019) |
| Total equity | US$571.742 million (2019) |
|
Number of employees |
46,250 (2019) |
| Subsidiaries | The Cheesecake Factory Bakery Cafe, LLC. Grand Lux Cafe, LLC. RockSugar Pan Asian Kitchen, LLC. Social Monk Asian Kitchen[1] Fox Restaurant Concepts |
| Website | thecheesecakefactory |
Spreading smiles with The Cheesecake Factory
The Cheesecake Factory Inc., is a restaurant company and distributor of cheesecakes based in the United States. Based in Calabasas, California, United States it is one of the most popular restaurant chains in the US.
The company in tech-speak
Cheesecake Factory operates as a Public trading company in NASDAQ (CAKE) as S&P 400 component. With over 185 full-service dining restaurants (165 under The Cheesecake Factory brand, 11 under the Grand Lux Café brand and one under the RockSugar Pan Asian Kitchen brand) and tow bakery production facilities in Calabasas, California and Rocky Mount, North Carolina, The Cheesecake Factory marque is widespread.
History
The Cheesecake Factory began in Detroit, Michigan in the 1940s with a simple and unexpected chance. Evelyn Overton saw a recipe in a local newspaper that inspired her ‘original’ Cheesecake recipe. Encouraged by the reception she got for her excellent Cheesecakes, she decided to open a small Cheesecake shop. Her family commitments limited the shop to function out of the basement kitchen where she had moved all her baking supplies.
By 1972, Evelyn, along with her husband, Overton packed up their things and moved to Los Angeles, deciding to make a finite attempt at owning their own business. With their personal savings, they opened The Cheesecake Factory Bakery that began selling cheesecakes to restaurants throughout Los Angeles. The increase in demand soon had Evelyn making 20 varieties of cheesecakes. A chance taken by David, a son of the couple to open a restaurant that showcased his mother’s selection of cheesecakes changed their destiny.
The intuitive move based on the assumption that the guests would love an extensive desserts menu worked well. In 1978, the first The Cheesecake Factory Restaurant began in Beverly Hills, California. It was an immediate, roaring success and soon grew to a great size. There are now 200 The Cheesecake Factory Restaurants spread all over the country and it is a testament to the Overton’s commitment to quality and spirit of innovation and hard work.
Investors’ Benefits
The Cheesecake Factory created an upscale casual dining segment in 1978 with the introduction of the namesake concept. From there, it became the USD 2 billion global company recognized as the long-standing leader in casual dining. There are over 200 restaurants owned by The Cheesecake Factory brand and its corporate franchises, making The Cheesecake Factory investments and properties a really profitable venture. The growing popularity of The Cheesecake Factory has only ensured a continuous growth trajectory.
Global Reach
The Cheesecake Factory has slowly reached out to countries outside the US and is all set to spread its business in the Middle East, Latin America and Asia. The major countries include Qatar, the Kingdom of Saudi Arabia, Lebanon, Peru, and Columbia, People’s Republic of China, Japan, South Korea, Singapore and Thailand. The Cheesecake Factory has also made its presence in Kuwait, Mexico and China.
Giving back to the society
The Cheesecake Factory has always been a people oriented company, also having been voted as a ‘best company to work for’. It is the only restaurant company in the Fortune’s top 100 list, thus showing the extent to which the people and employees are fond of it.
Investing in The Cheesecake Factory properties is a good idea, considering its growth trajectory. It is also indisputably one of the most favored places to work for, hiring the best-qualified people without any discrimination. Employment in Cheesecake Factory means crossing various criteria for employment entry and good scope for career growth.
The Cheesecake Factory has inherited a tradition of excellence from its founders, and it believes in enhancing the wellbeing of surrounding communities. The Cheesecake Factory Oscar & Evelyn Overtone Charitable Foundation established in 2001 has done many activities to give back to the community.
The Cheesecake Factory is a product of dreams, and a stellar example to what individuals could achieve if they set their mind to it. It stands a testimonial to passion and quality in business, emerging as one of the most renowned, loved names in the restaurant business world over.