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{{Infobox company|
{{Infobox_Company |
company_name = Roadhouse Grill |
company_logo = [[Image:RoadhouseGrillLogo.jpg]] |
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In 2009, three former employees of the [[Tonawanda (town), New York|Tonawanda, New York]] location near [[Buffalo, New York]], reopened the restaurant under the name '''Buffalo Roadhouse Grill''', offering similar fare plus local specialties such as [[beef on weck]] and [[Buffalo wings]]. They have expressed interest in acquiring other former Roadhouse Grill locations.
 
 
==The Early Years==
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Unfortunately, the rapid pace of expansion initially forced Toole to put some inexperienced managers in charge of fully operational facilities. The company was young and did not have a large enough base of employees to ensure that experienced people ran each restaurant. Luckily for Toole, however, the quick growth of the company and its rising sales worked to hide this problem. Later, as word spread of Roadhouse Grill's success, they had no problem finding more qualified managers for the restaurants. These employees played a big role in the success of the company, which placed great pride in its customer service. As Toole pointed out in the March 27, 1995 issue of the Bradenton Herald, "Regardless of the concept, if you are not consistent with your services, you will fail. The customer must receive the same service every time they come in." This attention to customer service was just one of the factors that led to the early success of Roadhouse Grill.
 
 
 
 
 
==Continued Growth==
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==Roadhouse Grill Goes Public==
By the time Roadhouse Grill was ready for its initial public offering (IPO), the company had grown to include 30 company-owned restaurants and six franchised or licensed units. The target for the stock was placed at $9-9–$11 per share by Piper Jaffray, Inc. and Robertson, Stephens & Co., the underwriters for the offering. Things were beginning to look good for the company as it returned its first profit, an operating income of $144,693, in June 1996.
 
Many people were very impressed with the growth of Roadhouse Grill and even more impressed with Toole. As one Wall Street banker remarked in the August 1995 issue of Restaurant Hospitality, "He is a very basic guy who works the fundamentals. He knows the numbers, what customers want, and how to make employees happy. That's a plus." But despite the initial enthusiasm, clouds of doubt began to swirl around the restaurant sector and Roadhouse Grill as the date for the IPO drew closer. Concerns about rising food and labor costs, combined with increasing competition in the steakhouse segment, became a sore point with potential investors. Roadhouse's management made assurances that the company would do everything possible to continue identifying and responding to the changing conditions in the restaurant business.
 
Roadhouse's assurances were not enough to keep the stock price from falling, however. When trading finally began in November 1996, the stock price was marked down to $6 from the initial level of $9-9–$11. The company, which still managed to raise $15 million from the sale of 2.5 million shares, used the proceeds from the public offering to pay back debts to a former chairman, with the remainder of the money being used to fund the company's continued expansion.
 
 
==Roadhouse Grill then and now==
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After having built Roadhouse Grill from the ground up, Toole had paved the way for someone to step in and lead the company into its next round of expansion. Roadhouse opened its 40th restaurant on September 9, 1997, in Marreo, Louisiana, and made plans to open an additional four units during the remainder of the year. Also included in the company's plans was a decision to begin restructuring its building procedures and use multiple contractors in the construction of the new Roadhouse Grill units.
 
In just four years of existence, Roadhouse Grill had grown to include more than 40 company-owned restaurants and was expecting to add another 20 units in 1998. Furthermore, even without Toole's leadership at the company's helm, Roadhouse Grill was reporting increased earnings for 1997. It was clear that Roadhouse Grill had the necessary strengths for continued success in a competitive steakhouse marketplace.{{FactCitation needed|date=October 2009}} Roadhouse Grill continued to being the most popular steakhouse market place until mid 2008, when all remaining locations closed due to bankruptcy.
 
==References==