Hennessey’s Tavern, Inc. expansion has been steady and closely controlled. The opening of the Hermosa Beach Hennessey’s Tavern in 1976 was followed, less that two years later, by the opening of the company’s second location in Redondo Beach. Since then, the company has added new operations – from Manhattan Beach to San Diego (Gaslamp Quarter)- through start up and acquisition at a rate of approximately one every couple of years.
Unlike many of its competitors that expand rapidly to satisfy investors or financial projections, Hennessey’s Tavern, Inc. applies no such pressure to its own operations. According to Mr. Hennessey, expansion occurs only when the right opportunity presents itself, and since the company is closely held and has no outside investors, it is able to move rapidly to capitalize on good prospects.