J. Alexander’s Holdings, Inc. Announces Plans for J. Alexander’s Restaurant in Madison, Alabama
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Company Signs Lease to Build Upscale Concept in One of State’s Fastest Growing Regions
NASHVILLE, Tenn.--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of a collection of upscale restaurants, has signed a lease to build and operate a new J. Alexander’s restaurant in Madison, AL.
Mark A. Parkey, President and Chief Executive Officer of J. Alexander’s Holdings, Inc., said the new J. Alexander’s restaurant will be located on a 2.8-acre site at the entrance to Town Madison on Town Madison Boulevard just west of Redstone Arsenal. Town Madison consists of 560 acres of mixed-use property focused on residential, office, retail and entertainment. Breland Company, one of the largest commercial and residential developers in the Mid-South, is the developer while Shea Design, Minneapolis, MN, is the architect of the new restaurant.
Parkey said plans for the new restaurant will include approximately 7,350 square feet with seating for more than 200 guests. Approximately 100 full and part time professionals are expected to be employed to operate the restaurant once it opens.
“We are extremely pleased to announce plans for our newest J. Alexander’s restaurant,” Parkey said. “The signing of this lease follows extensive research to identify the most desirable site in this premier community. Town Madison boasts a superb business climate and quality of life. Over the years,” Parkey continued, “we have earned a loyal following of guests from the greater Madison County region at both our J. Alexander’s restaurant in Franklin, TN and our Redland’s Grill in Hoover, AL. As such, we are excited with the opportunity to be in Madison and bring discerning guests the finest in classic American cuisine created by culinary professionals and a concept that spans nearly 30 years.”
Parkey said construction is expected to begin this spring with an opening currently scheduled for the fourth quarter of 2020.
Known for its wood-fired cuisine, the J. Alexander’s menu will feature a wide selection of American classics – hand-cut steaks, fresh seafood, prime rib of beef roasted on the bone, and premium sandwiches, along with a large assortment of interesting salads and homemade desserts. J. Alexander’s restaurants also offer an outstanding selection of award-winning wines by the glass and bottle.
About J. Alexander’s Holdings, Inc.
J. Alexander’s Holdings, Inc. is a collection of restaurants that focus on providing high quality food, outstanding professional service and an attractive ambiance. The Company presently operates 47 restaurants in 16 states. The Company has its headquarters in Nashville, TN.
For additional information, visit www.jalexandersholdings.com.
This press release issued by J. Alexander’s Holdings, Inc. contains forward-looking statements, which include all statements that do not relate solely to historical or current facts, such as statements regarding our expectations, intentions or strategies regarding the future, including construction and the timing of opening new restaurants. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected and are subject to a number of known and unknown risks and uncertainties, including risks relating to construction of new restaurants; entry into new markets; the Company’s ability to build sales and maintain satisfactory guest count levels and maintain or increase sales and operating margins in its restaurants under varying economic conditions; the number and timing of new restaurant openings and the Company’s ability to operate them profitably; competition within the casual dining industry and within the markets in which our restaurants are located; adverse weather conditions in regions in which the Company’s restaurants are located; factors that are under the control of third parties, including government agencies; as well as other risks and uncertainties described under the headings “Forward-Looking Statements,” “Risk Factors” and other sections of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2019, as amended on April 29, 2019, and subsequent filings. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
J. Alexander's Holdings, Inc.
Chief Financial Officer