Profits Dip 14% for Jerry’s Deli to $782,000
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Jerry’s Famous Deli Inc., a Studio City restaurant company, said its profit for the year that ended Dec. 31 was $782,000, down 14% from $913,000 in 1994. Revenues for the year were $28.03 million, down slightly from $23.7 million the previous year.
The company completed its first public offering in October, selling 2.1 million shares of common stock worth about $9.2 million.
Jerry’s Famous Deli operates five restaurants, including one just opened in Pasadena. Another is scheduled to open in Westwood this year, and the company is also considering opening new restaurants elsewhere in California and in Las Vegas.
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