Country Star Restaurants Inc. forecasts $14 million to $16 million annual sales for Country Star Las Vegas.LOS ANGELES--(BUSINESS WIRE)--July 11, 1996--Country Star Restaurants Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CAFE/CAFEP) announced sales for its new Country Star Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. restaurant to be approximately $230,000 for its first week of operations. Specifically, merchandise sales accounted for approximately 30 percent and liquor sales accounted for approximately 18 percent of total sales for Country Star Las Vegas' first week of operations. In comparison to the first week of sales for the company's first restaurant, Country Star Hollywood, the Las Vegas store demonstrated an increase in excess of 100 percent. The customer count at Country Star Las Vegas for the first week exceeded 12,000 people, of which the company estimated 65 percent to be tourists and 35 percent to be local area residents. First-week sales at Country Star Las Vegas were particularly positive given that there was no "soft" opening, only about 80 percent of the restaurant was open for business, operating hours were limited and the entire new logo merchandise line was not in the 1,500-square-foot retail store. Based on the foregoing, the company is forecasting first-year annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately $14 million to $16 million for Country Star Las Vegas. Such forecast, however, depends upon increased awareness of Country Star Las Vegas in the local community, the company realizing increased sales from convention activity, which is substantially less in the summer months, and increased merchandise sales after the entire line of the company's new logo merchandise is available for sale. Country Star Las Vegas, the company's second restaurant, is a 22,000-square-foot free-standing building located on the world- famous Las Vegas "Strip" (Las Vegas Boulevard South) at Harmon Avenue. The restaurant, which seats approximately 550 people, is within a one-square block radius of over 30,000 hotel rooms. The grand opening of Country Star Las Vegas, held on July 1, featured performances from some of country music's top stars, including Vince Gill  The introduction of this article is too short.To comply with Wikipedia's lead section guidelines, it should be expanded. , Tracy Lawrence '  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. , Trisha Yearwood Patricia Lynn "Trisha" Yearwood (born September 19, 1964) is a three-time Grammy-winning American country music singer. Her first number one single was "She's in Love with the Boy" (released 1991), followed by 8 more number one singles. , John Berry John Berry is the name of:
The event attracted national attention in the media, where it was featured on CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , TNN TNN The National Network (formerly The Nashville Network) TNN The Nashville Network (now The National Network) TNN The Nerd Network (online gaming clan) , "Extra!", E! Entertainment Television, locally in over 30 major television markets, and in print across the country via the Associated Press, which services more than 1,500 newspapers in the United States Newspapers have declined in their influence and penetration into American households over the years. The U.S. does not have a national paper per se, although the influential dailies the New York Times and the Wall Street Journal are sold in most U.S. cities. . The company's third restaurant, Country Star Atlanta, is scheduled to open later this summer in that city's Buckhead section. The retail store for Country Star Atlanta merchandise will open on-site just prior to the Olympic Games, which begin July 19, with the restaurant opening shortly thereafter. Country Star Hollywood is located adjacent to the entrance to the Universal Studios Hollywood theme park and Universal CityWalk development in Southern California. The company expects to finalize negotiations for additional restaurant sites in Orlando, Fla., and Kansas City, Mo., by the end of third quarter this year. Country Star Restaurants operates country music theme restaurants for which country music stars Vince Gill and Reba McEntire and television personalities Lorianne Crook and Charlie Chase serve as celebrity spokespersons. CONTACT: Country Star Restaurants Inc., Los Angeles Peter Feinstein, 310/268-2200 |
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