IRVINE, CA-The Yard House chain of restaurants, known for its extensive selection of beers on tap, has named four new sites in the West that it plans to open in 2006 and one in Hawaii that’s on the drawing board for 2007. The privately held company, which says it’s scouting for additional locations as well, expects the new restaurants to boost its annual revenue to nearly $120 million.

Yard House, which now operates nine locations but will soon be operating 16, says the new restaurants scheduled to open in 2006 will be in Brea, CA; Kansas City, KS; Glendale, AZ and Las Vegas, NV. The Hawaii restaurant is planned for Waikiki on the Island of Oahu.

Founder and CEO Steele Platt says the chain’s goal has always been to open three to four units per year in lifestyle centers where the area is populated by young families, professional couples, and upscale singles. The focus of the company’s growth plan is to expand “at a steady rate,” he says.

Founded in 1996, Yard House calls its concept upscale yet casual, featuring an extensive menu and one of the world’s largest draft beer systems. Each location features an island bar, a transparent keg room containing more than 600 barrels and some 1,000 gallons of beer, and between 130 and 250 beers on tap, depending on the location.

In addition to the nine Yard House restaurants now in operation and the four new restaurants announced Thursday, the company had previously announced plans for a pair of Phoenix-area restaurants and a Yard House in Palm Beach Gardens, FL that will expand it to 16 units in seven states. Company revenue, which reached more than $60 million in 2004, should exceed $80 million by the end of this year and to more than $120 million by the end of 2006, Platt says.

The company is scouting for locations in Murrieta, Riverside, and Marina del Rey, all in California, as well as in Gilbert, AZ. It expects to sign leases for those locations by the end of the year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.