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RARE Hospitality International (RARE)
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RARE » Topics » Joint Venture Restaurants

This excerpt taken from the RARE 10-K filed Mar 7, 2006.
Joint Venture Restaurants. The Company is a partner in joint ventures that, as of February 21, 2006, in the aggregate, operate three LongHorn Steakhouse restaurants. These restaurants are located in Central Florida and owned by joint ventures managed by the Company. The joint ventures pay management fees to the Company at the rate of 4% of monthly restaurant sales, and the Company controls the joint ventures’ use of the Company’s service marks.

 

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