All posts by Restaurantdata

April 17, 2018

Growing Concepts of Multi Unit Operators

Dunwoody, GA-based KRYSTAL (founded 1932) has increased by 2 units, from 381 to 383 (1% growth). This quick serve burger restaurant is open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Seating is for about 80. Catering and drive-thru services are available. Trading areas are AL, AR, FL, GA, KY, LA, MS, NC, SC, TN and VA. About half the locations are franchised.

Chattanooga, TN-based OLD CHICAGO (founded 1976) has increased by 8 units, from 99 to 107 (8% growth) and entered into SC. This family/casual pizzeria is open for lunch and dinner, with an $8-$20+ per person check average. The restaurants have full bar service and average seating for about 225. Trading areas are AR, AZ, CO, IA, ID, IL, IN, KS, KY, MI, MN, MO, MT, NC, ND, NE, OR, SC, SD, TN, TX, WI and WY. Franchising is available. Old Chicago is a subsidiary of Craftworks Restaurants.

California-based CHICKEN MAISON (founded 2005) has increased by 1 unit, from 5 to 6 (20% growth). The restaurants are family/casual, open for lunch and dinner, with a $6-$15+ per person price range. The restaurants serve chicken, Mediterranean and Middle Eastern dishes. Average unit has seating for about 90 and offers catering and private party services. All the locations are in CA.

Denver, CO-based HACIENDA COLORADO has increased by 1 unit for the Hacienda Colorado concept, from 4 to 5 (25% concept growth). The company also operates a 4-unit concept called Elway’s. Overall company increase was from 8 to 9 (13% company growth). Hacienda Colorado is a family/casual Mexican concept, open for breakfast, lunch and dinner. Per person check average is $8-$20+, with full bar and average seating for about 200. Elway’s is an upscale steak and seafood concept. Both concepts offer catering and banquet services. All the locations are in CO.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Southampton, PA-based LEE’S HOAGIE HOUSE (founded 1953) has increased by 3 units, from 15 to 18 (20% growth) and entered into NC and SC. This fast casual sandwich shop is open for lunch and dinner, with a $4-$12+ per person price range. Beer is served and seating is for about 50. Catering, delivery and online ordering options are available. Trading areas are NC, NJ, PA and SC.

Wichita, KS-based HOG WILD PIT BBQ has increased by 2 units, from 15 to 17 (13% growth). This family/casual BBQ concept is open for lunch and dinner, with a $6-$15+ per person check average. Seating is for about 100. Catering and drive-thru services are available. Trading areas are AZ, KS and NE.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Covington, LA-based PJ’S COFFEE & TEA (founded 1978) has increased by 17 units, from 74 to 91 (23% growth) and entered into CO, FL, Kuwait and Vietnam. This fast casual coffee shop is open for breakfast and lunch hours, with a $4-$12+ per person price range. Seating is for about 30, with drive-thru service available. All locations are franchised and trade in AR, CO, FL, LA, MD, MS, SC and TX. We last featured this concept on 10/18/16 (12% growth). PJ’s is a subsidiary of Ballard Brands.

Birmingham, AL-based JACK’S FAMILY RESTAURANTS (founded 1960) has increased by 9 units, from 140 to 149 (6% growth). This quick serve concept serves chicken, burgers, ice cream and American cuisines. Per person price range is $4-$12+. Seating is for about 20. Drive-thru, catering and online ordering are available. Locations trade in AL, GA, MS and TN.

Kennesaw, GA-based CHEESEBURGER BOBBY’S (founded 2007) has increased by 1 unit, from 13 to 14 (8% growth). This fast casual burger concept is open for lunch and dinner, with a $4-$12+ per person price range. Seating is for about 60. All the restaurants are located in GA. We last wrote about this company on 12/6/16 (30% growth).

Denver, CO-based ILLEGAL PETE’S (founded 1995) has increased by 1 unit, from 9 to 10 (11% growth). This family/casual Mexican concept is open for breakfast, lunch and dinner, with an $8-$20+ per person check average. The restaurants have full bar service and average seating for about 80. Catering, delivery and online ordering options are available. Trading areas are AZ and CO. We featured this concept on 11/29/16 (29% growth).

April 10, 2018

Growing Concepts of Multi Unit Operators

Chicago, IL-based OPART THAI HOUSE RESTAURANT (founded 2005) has increased by 1 unit, from 2 to 3 (50% growth). These family/casual Thai restaurants are open for lunch and dinner, with a $10-$30+ per person check average. Seating is for about 50. All the restaurants are located in IL.

New York, NY-based JUICE PRESS (founded 2011) has increased by 51 units, from 29 to 80 (176% growth) and entered into DC, NJ, NV and WA. These fast casual juice/smoothie shops are open for breakfast, lunch and dinner hours, with a $6-$15+ per person price range. Seating is for about 20 and catering is available. Trading areas are CT, DC, MA, NJ, NV, NY and WA.

New York, NY-based JUST SALAD (founded 2006) has increased by 2 units, from 21 to 23 (10% growth) and entered into PA. This fast casual concept is open for lunch and dinner with a $6-$15+ per person price range. Seating is for about 50. Catering and delivery are available. Trading areas are IL, NY, NJ and PA.

San Diego, CA-based FILIPPI’S PIZZA GROTTO (founded 1950) has increased by 1 unit, from 14 to 15 (7% growth). This family/casual pizzeria is open for lunch and dinner, with a $6-$15+ per person check average. The restaurants have full bar service and seating for about 150. Catering and private party services are available. All the restaurants are in CA.

Hawaii-based KOA PANCAKE HOUSE (founded 1988) has increased by 1 unit for the Koa Cafe concept, from 1 to 2 (100% concept growth). The company also operates 6 Koa Pancake House restaurants. Overall company increase was from 7 to 8 (14% company growth). The restaurants are family/casual, open for breakfast and lunch, with a $4-$12+ per person check average. Seating is for about 125. Catering is available. All the restaurants are located in HI.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Stafford, TX-based PEPPERONI’S NEW YORK STYLE PIZZA (founded 1990) has increased by 2 units, from 11 to 13 (18% growth). This quick serve pizzeria is open for lunch and dinner, with a $4-$12+ per person price range. Seating is for about 30. Catering, delivery and online ordering options are available. All the restaurants are located in TX.

Miami, FL-based PINCHO FACTORY (founded 2016) has increased by 2 units, from 9 to 11 (22% growth). This fast casual burger restaurant is open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and seating is for about 60. Catering and online ordering options are available. Units are franchised and trade in FL.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Florida-based 4 RIVERS SMOKEHOUSE (founded 2009) has increased by 1 unit, from 13 to 14 (8% growth) and entered into GA. This family/casual BBQ concept is open for lunch and dinner, with an $8-$20+ per person check average. Seating is for about 200. Catering and online ordering options are available. The restaurants are located in FL and GA. We last featured this concept on 12/20/16 (56% growth).

Northbrook, IL-based LOU MALNATI’S PIZZA (founded 1971) has increased by 6 units, from 47 to 53 (13% growth). Some locations are family/casual, open for lunch and dinner, with an $8-$20+ per person check average. These locations have full bar service and seating for about 200. The company also operates some take-out/delivery only locations. Catering, online ordering and private party services are available. Trading areas are AZ and IL. We last featured this concept on 3/14/17 (9% growth).

Dallas, TX-based WINGSTOP (founded 1994) has increased by 136 units, from 1005 to 1141 (14% growth) and entered into WV, Malaysia, The Philippines, Saudi Arabia and the UAE. This fast casual chicken concept is open for lunch and dinner, with a $6-$15+ per person price range. Beer and wine are served and seating is for about 60. Catering and online ordering options are available. All locations are franchised and trade in AK, AL, AR, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WV, Guam and 8 other countries worldwide. We last wrote about this concept on 5/9/17 (24% growth).

Restaurantdata’s 2017 Top 300 Burger Segment Report

DOWNLOAD>> TOP300_BURGERS_PDF

In 2017, Restaurantdata.com (RD) created our first Top 250 list of major US concepts.  Of the entire Top 250, the top 50 account for over $200 Billion in annual volume.

In the Top 50, there are 9 burger concepts with almost $70 Billion in volume.  We have a special report on these burger concepts available.

We also have a special report on the 23 burger concepts in our Top 250.  The expanded list includes several fast growers.

Our RULC tracks concepts with 20 or more locations.  Chains are added and removed over time as their unit counts change.

Since 2012, there have been four chains added to our list of concepts with 20 or more locations.  Shake Shack, which went public, is the best known.  The other concepts are Burgerfi, Burgerville and Bareburger.

Jake’s Wayback Burgers has reorganized and is now called Wayback Burgers.

Champp’s, Cheeseburger in Paradise, Schoop’s Hamburgers and Twisters Burgers & Burritos have lost units and are no longer in our list of concepts with 20 or more locations.

Back Yard Burgers declined over 50% in the 5 year period.  Other major decliners included Cheeburger Cheeburger, Steak Escape and Good Times Burgers & Frozen Custard.

 

FAST GROWING CONCEPTS

We took a closer look at 3 fast growing burger concepts – Shake Shack, Freddy’s Frozen Custard & Steakburgers and Five Guys Burgers & Fries.  Each of these companies is in a different stage of growth.  Shake Shack jumped from 14 to 92 stores – a 557% five year growth rate.

Shake Shack

The Shake Shack grew by 557% in our 5 year review.  They now have 92 domestic stores open vs. 14 in 2012.  Shake Shack is a public company selling at a high multiple.  The stock market expects future growth will continue at a fast pace.

Shake Shack does not offer franchises in the US market and has no plans to franchise in the future.

Shake Shack has 33 locations in the Tri-State area of New York, Connecticut and New Jersey.  They have 12 locations in the DC/MD/VA area in Baltimore, Washington and suburbs.  All 8 Texas locations were opened since 2012.

 

Shake Shack has targeted larger metro areas for the most part.  They started in densely populated New York with very high average unit volumes.  As they expand into new markets, their AUV numbers have dropped steadily.  We estimate their current average unit volume is above $3,000,000.

 

Freddy’s Frozen Custard & Steakburgers

Another rapid growth concept in the Burger segment is Freddy’s Frozen Custard & Steakburgers.  Freddy’s has grown by 236% in the five year period from 2012 to 2017.  Their store count went from 74 to 249 during this period.

Freddy’s opened in Wichita in 2002 and began offering franchises in 2004.

Texas has the most Freddy’s locations.  Freddy’s nearly tripled their Texas locations growing from 15 to 43.  They rarely close a location.  In Texas, 41 of 43 stores are still in operation.

Freddy’s now has 28 stores in Kansas and 24 in Oklahoma vs. 2012 counts of 17 and 10 respectively.  More rapid growth was experienced in Arizona, Colorado, Missouri, North Carolina and Nebraska.  In these 5 states, they increased from 16 to 55 locations.

Freddy’s has entered into 16 new states since 2012.  These new territories account for 46 new stores.

 

Five Guys Burgers and Fries

Five Guys continue to growth at an above average rate.  They now have stores in every state except Alaska.  They have expanded in the California market growing from 59 locations to 134, in Florida growing from 100 to 121 locations and in New York growing from 64 to 86 locations.

Five Guys works with area developers (franchisee organizations) to maintain their fast growth.  This activity accounts for far less than 100 locations per year.  In the three year period from 2013 to 2015, Five Guys franchisees added 23 net new stores (from 851 year end 2012 to 874 year end 2015).  Company owned stores increased by 147 stores in the same period as Five Guys acquired 125 units from franchisees.  They opened 44 new company owned stores while closing 21 stores.  They sold one location to a franchisee.

Five Guys has over 400 company owned stores and they have been adding company owned stores over the past 5 years.  They have acquired many of the locations from franchises.

TOP300_BURGERS_PDF

 

April 3, 2018

Growing Concepts of Multi Unit Operators

Louisville, KY-based WILD EGGS RESTAURANT CAFE (founded 2007) has increased by 1 unit, from 15 to 16 (7% growth). This family/casual breakfast concept is open for breakfast and lunch, with an $8-$20+ per person check average. The restaurants have full bar service and average seating for about 80. Locations are franchised and trade in IN, KY, OH and TN.

Pacific, WA-based BIGFOOT JAVA (founded 2000) has increased by 2 units, from 31 to 33 (6% growth). This quick serve coffee shop is open for breakfast, lunch and dinner hours, with a $4-$12+ per person price range. Seating is for about 20. Drive-thru service is available. All the locations are in WA.

Santa Monica, CA-based THE VEGGIE GRILL (founded 2007) has increased by 2 units, from 28 to 30 (7% growth) and entered into IL. This fast casual vegetarian concept is open for lunch and dinner, with a $6-$15+ per person price range. Units seat about 80 and offer beer and wine. Online ordering is available. Trading areas are CA, IL, OR and WA.

Mineral Wells, TX-based CHICKEN EXPRESS (founded 1988) has increased by 2 units, from 243 to 245 (1% growth). The restaurants are quick serve, open for lunch and dinner. Per person price range is $4-$12+, with seating for about 40. Catering and drive-thru options are available. All locations are franchised and trade in AR, GA, OK and TX.

Sevierville, TN-based FLAPJACK’S PANCAKE CABIN (founded 2001) has increased by 1 unit, from 8 to 9 (13% growth). This family/casual breakfast concept is open for breakfast and lunch, with a $6-$15+ per person check average. Units have seating for about 200. Trading areas are SC and TN.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Knoxville, TN-based VOLCUE LLC (founded 2000) has increased by 2 units for the Nama’s Sushi Bar concept, from 2 to 4 (100% concept growth) and added a concept called Holly’s Gourmet Market. Other company concepts are Cru Bistro And Winebar (2), Puleo’s Grille (5) and Shuck Raw Bar & Grill (1). The restaurants are family/casual, open for lunch and dinner, with a $10-$30+ per person check average. The menus serve American, Italian, steak and seafood. The restaurants have full bar service and average seating for about 150. Catering and online ordering services are available. All the restaurants trade in TN.

College Station, TX-based GRUB BURGER BAR (founded 2012) has increased by 3 units, from 17 to 20 (18% growth). The restaurants are family/casual, with an $8-$20+ per person check average. The restaurants have full bar service and seating for about 150. Trading areas are CA, DE, FL, GA, LA, PA and TX.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

New York, NY-based AURIFY BRANDS (founded 2003) has increased by 1 unit for Little Beet Table, from 1 to 2 (100% concept growth), 6 to 7 for Little Beet (17% concept growth), 2 to 4 for Fields Good Chicken (100% concept growth), 8 to 9 for the Melt Shop (13% concept growth) and added a new concept called Make sandwich (1 unit). The company also operates 13 Five Guys franchises. Overall company increase was from 29 to 36 (24% growth) and entered into IL, DC, MN, PA and VA. The restaurants are mostly quick serve, open for breakfast, lunch and dinner, with average seating for about 40. Locations serve burgers, chicken, sandwiches and American cuisine. Catering and online ordering options are available. Trading areas are DC, IL, NJ, NY and VA. We last wrote about this concept on 10/25/16 (29% growth).

Coralville, IA-based PANCHERO’S MEXICAN GRILL (founded 1992) has increased by 6 units, from 72 to 78 (8% growth). This fast casual Mexican concept is open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and seating is for about 80. Online ordering is available. Trading areas are AZ, CA, CT, FL, IA, IL, IN, KY, MD, MI, MN, MO, ND, NJ, PA, SD and WI. We last wrote about this concept on 12/13/16 (6% growth).

Utah-based CAFE ZUPAS (founded 2004) has increased by 6 units, from 45 to 51 (13% growth) and entered into OH and WI. This fast casual salad and sandwich shop is open for lunch and dinner, with a $4-$12+ per person price range. Seating is for about 50, with catering and private party services available. Trading areas are AZ, ID, IL, MN, NV, OH, UT and WA. We last featured this concept on 11/8/16 (61% growth).

Lakewood, CO-based PEPPERJAX GRILL (founded 2002) has increased by 1 unit, from 40 to 41 (3% growth). This fast casual sandwich restaurant is open for lunch and dinner, with a $4-$12+ per person price range. Beer is served. Average seating is for about 100. Locations are in IA, KS, MN, MO, NE and SD. We last featured this concept on 1/8/17 (29% growth).

 

March 26, 2018

Growing Concepts of Multi Unit Operators

Cary, NC-based SMITHFIELD CHICKEN & BBQ (founded 1964) has increased by 2 units, from 37 to 39 (5% growth). These fast casual BBQ restaurants are open for lunch and dinner, with a $4-$12+ per person check average. Seating is for about 40 and catering is available. All the locations are in NC.

Beverly Hills, CA-based HILLSTONE RESTAURANT GROUP (founded 1977) has increased by 2 units for the Honor Bar concept, from 2 to 4 (100% concept growth) for an overall company increase from 45 to 47 (4% growth). The other company concepts are Bandera (5), Cherry Creek Grill (1), East Hampton Grill (1), Grill At Bal Harbour (1), Gulfstream Restaurant (1), Hillstone (9), Houston’s Grill (15), Los Altos Grill (1), Palm Beach Grill (1), R+d Kitchen (4), Rutherford Grill (1). South Beverly Grill (1), The White House Tavern (1) and Woodmont Grill (1). These family/casual restaurants serve American cuisine and are open for lunch and dinner. Per person check average is $10-$30+. Full bar service is available and seating is for about 400. Catering service is also available. Trading areas are AZ, CA, CO, FL, GA, IL, LA, MA, MD, MO, NJ, NY, TN and TX.

Irvine, CA-based JUICE IT UP (founded 1995) has increased by 4 units, from 85 to 89 (5% growth). This fast casual juice/smoothie concept is open for breakfast, lunch and dinner hours, with a $4-$12+ per person price range. Catering is available. Locations are franchised and trade in CA, NM, OR and TX.

Wichita, KS-based EMERSON BIGGINS SPORTS BAR & GRILL has added a new concept called Jersey’s Bar & Grill (1). Other company concepts are Emerson Biggins Sports Bar & Grill (2) and Lou’s Charcuteria And Cocktails (1). Overall company increase was from 3 to 4 (33% company growth). These family/casual sports bar and grills are open for lunch and dinner, with an $8-$20+ per person check average. Average unit has seating for about 150. Private party facilities are available. All the restaurants are located in KS.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Denver, CO-based SNOOZE (founded 2006) has increased by 6 units, from 17 to 23 (35% growth). This family/casual concept is open for breakfast and lunch, specializing in breakfast foods. Per person check average is $6-$15+. Full bar service is available and seating is for about 150. Catering is also available. Trading areas are AZ, CA, CO and TX.

Marietta, GA-based NEIGHBORHOOD DINING GROUP (founded 1991) has increased by 1 unit for the Minero Restaurant concept, from 1 to 2 (100% concept growth), by 2 units for the Husk concept, from 2 to 4 (100% concept growth) and by 1 unit for the Mccrady’s concept, from 1 to 2 (100% concept growth) for an overall company increase from 4 to 8 (100% growth). These upscale steakhouse restaurants are open for lunch and dinner, with a $15-$50+ per person check average. Full bar service is available and seating is for about 200. Catering and banquet services are available. Trading areas are GA, SC and TN.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Memphis, TN-based B B KING BLUES CLUB AND GRILL (founded 1991) has increased by 1 unit, from 4 to 5 (25% growth) and entered into AL. This family/casual bar and grill is open for lunch and dinner, with a $10-$30+ per person check average. Units seat about 400 and offer private party services. Trading areas are AL, FL, LA and TN. We last featured this concept on 9/13/16 (20% growth).

Boulder, CO-based MODERN MARKET (founded 2009) has increased by 2 units, from 27 to 29 (7% growth). This fast casual restaurant serves American cuisine, open for breakfast, lunch and dinner. Per person price range is $6-$15+, serving beer and wine. Units seat about 80 and offer catering and online ordering options. The restaurants trade in CO, DC and TX. We last featured this concept on 9/27/16 (125% growth).

Grapevine, TX-based COTTON PATCH CAFE (founded 1989) has increased by 6 units, from 47 to 53 (13% growth) and entered into AR. This family/casual concept is open for lunch and dinner, with a $6-$15+ per person check average. American cuisine is served and beer and wine are available. Seating is for about 100. Catering is available. Trading areas are AR, NM, OK and TX. We last featured this company on 1/3/17 (4% growth).

March 21, 2018

Growing Concepts of Multi Unit Operators

Larkspur, CA-based GREEN BEANS COFFEE (founded 1996) has increased by 5 units, from 53 to 58 (9% growth). These quick serve coffee shops are open for breakfast, lunch and dinner hours, with a $4-$12+ per person price range. Seating is for about 20. Trading areas are CO, GA, KY, MD, NY, SC, TN, TX, VA, Japan and the Middle East.

New York, NY-based GERBER GROUP (founded 1991) has added a new concept called The Campbell for an overall company increase from 9 to 10 (11% growth). The other company concepts include: Irvington (1), Kingside (1), Mr. Purple (1), Red21 (1), The Roof (1), W Lounge (1) and Whiskey Blue (3). These upscale restaurant-bar concepts are open for lunch and dinner, with a $15-$50+ per person check average. Cuisine is American. Seating is for about 200. Banquet rooms are available. The restaurants are located in GA and NY.

Glendale Heights, IL-based TOMMY’S RED HOTS (founded 1980) has increased by 1 unit, from 5 to 6 (20% growth). This quick serve sandwich shop is open for lunch and dinner, with a $4-$12+ per person price range. Seating is for about 50. Catering, delivery and drive-thru services are available. All the restaurants trade in IL.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Austin, TX-based HOPDODDY BURGER BAR (founded 2010) has increased by 6 units, from 16 to 22 (38% growth). The restaurants are family/casual, open for lunch and dinner, with a $10-$30+ per person check average. Full bar service is available and seating is for about 200. Trading areas are AZ, CA, CO and TX.

Mendocino, CA-based MENDOCINO FARMS SANDWICH MARKET (founded 2005) has increased by 2 units for the Mendocino Farms concept, from 16 to 18 (13% concept growth). The company also operates Blue Cow Kitchen (1). Overall company increase was from 17 to 19 (12% company growth). These fast casual salad/sandwich restaurants are open for lunch and dinner, with an $8-$12+ per person price range. Beer and wine are served and seating is for about 50. Catering and delivery services are offered. All the restaurants are located in CA.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Pasadena, CA-based DOG HAUS (founded 2010) has increased by 9 units, from 21 to 30 (43% growth). These fast casual hot dog restaurants are open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and seating is for about 80. Catering is available. Trading areas are AZ, CA, CO, NV and UT. We wrote about this concept on 12/13/16 (62% growth).

Davis, CA-based DOS COYOTES BORDER CAFE (founded 1991) has increased by 1 unit, from 9 to 10 (11% growth). These family/casual Mexican restaurants are open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served. Seating is for about 125. Catering is available. All the restaurants are located in CA. We featured this concept on 10/11/16 (29% growth).

Beachwood, OH-based HYDE PARK RESTAURANT GROUP (founded 1988) has increased by 1 unit for the Hyde Park Prime concept, from 12 to 13 (8% concept growth) for an overall company increase from 17 to 18 (6% growth). The other company concepts are Black Point Steakhouse (1), Eleven (1), Jekyll’s Kitchen (1), Ml Tavern (1) and Stack City Burger Bar (1). These upscale steakhouses open for lunch and dinner, with a $15-$50+ per person check average. The restaurants have full bar service and seating for about 175. Catering and banquet services are available. Trading areas are FL, MI and OH. We last featured this company on 12/6/16 (7% growth).

March 13, 2018

Growing Concepts of Multi Unit Operators

Duluth, GA-based NORSAN GROUP (founded 1987) has added a new concept called Frankie’s The Steakhouse. Other company concepts are Frontera Mex Mex Grill (11), Luciano’s Ristorante Italiano (2) and Pampas Steakhouse (1). Overall company increase was from 14 to 15 (7% growth). The restaurants are family/casual, serving Italian, Mexican and South American cuisines. Per person check average is $10-30+, with full bar and average seating for about 200. Catering and banquet services are available. Trading areas are GA and NC.

Illinois-based WILDBERRY PANCAKES AND CAFE (founded 2003) has increased by 1 unit, from 3 to 4 (33% growth). The restaurants are open for breakfast, lunch and dinner, with a $10-$30+ per person check average. Full bar service is available and seating is for about 250. Catering, banquet and online ordering services are available. All the restaurants trade in IL.

Vienna, VA-based ANITA’S NEW MEXICO STYLE MEXICAN FOOD (founded 1974) has increased by 1 unit, from 7 to 8 (14% growth). This family/casual Mexican concept is open for breakfast, lunch and dinner, with an $8-$20+ per person check average. Locations have full bar and average seating for about 100. Catering, private party and online ordering options are available. All the restaurants trade in VA.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Knoxville, TN-based AUBREY’S INC (founded 1992) has increased by 2 units for the Aubrey’s concept, from 8 to 10 (25% concept growth) for an overall company increase from 16 to 18 (13% growth). The other company concepts are Barley’s Taproom Pizzeria (2), Bistro By The Tracks (1), Drink (1), Fieldhouse Social (1), Stefano’s Chicago Style Pizza (1), Sunspot (1) and The Crown & Goose / Underground (1). These family/casual concepts serve pizza, Italian and American cuisines. Meal periods are lunch and dinner, with an $8-$20+ per person check average. Full bar service is available and seating is for about 200. All the restaurants are located in TN.

Houston, TX-based PREGO (founded 1983) has added 2 new concepts called Xochi and Third Coast. Other company concepts are Backstreet Café (1), Caracol (1), Hugo’s (1), Origen (1) and Prego (1). Overall company increase was from 5 to 7 (40% company growth). The restaurants are upscale, serving Mexican, American and Italian cuisines. Per person check average is $15-$50+, with full bar and seating for about 250. Banquet rooms are available. All the restaurants trade in TX.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

St. Paul, MN-based BLUE PLATE RESTAURANT CO (founded 1993) has added a new concept called Mercury (1) for an overall company increase from 7 to 8 (14% growth). The other company concepts include: 3 Squares Restaurant (1), Edina Grill (1), Groveland Tap (1), Highland Grill (1), Longfellow Grill (1), The Freehouse (1) and The Lowry (1). These family/casual American restaurants are open for breakfast, lunch and dinner, with an $8-$20+ per person check average. The restaurants have full bar service and average seating for about 150. Banquet rooms are available. All are located in MN. We last featured this company on 11/2/16 (29% growth).

Portland, OR-based CONCEPT ENTERTAINMENT HOSPITALITY (founded 2001) has increased by 1 unit for the Thirsty Lion Pub & Grill concept, from 9 to 10 (11% concept growth) for an overall company increase from 10 to 11 (10% growth). The company also operates a 1-unit concept called Grand Central. The family/casual bar & grill restaurants are open for lunch and dinner, with a $10-$30+ per person check average. Average seating is for about 200. Catering and banquet services are available. Trading areas are AZ, CO, OR and TX. We last wrote about this company on 11/2/16 (43% growth).

Vestavia Hills, AL-based TAZIKI’S MEDITERRANEAN CAFE (founded 1998) has increased by 14 units, from 74 to 88 (19% concept growth) and entered into ID. The company also added a concept called Petit & Keel (1 unit). Overall company increase was from 74 to 89 (20% company growth). These fast casual Mediterranean restaurants are open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and seating is for about 100. Catering, private party and online ordering services are available. Units are franchised and trade in AL, AR, CO, FL, GA, ID, KY, LA, MS, NC, OH, OK, SC, TN, TX, VA and WV. We featured this company on 9/20/16 (51% growth).

 

March 6, 2018

Growing Concepts of Multi Unit Operators

California-based TWO BROTHERS FROM ITALY PIZZA (founded 1972) has increased by 1 unit, from 4 to 5 (25% growth). This fast casual pizza and Italian food concept is open for lunch and dinner, with a $4-$12+ per person price range. Beer and wine are served and seating is for about 50. Catering and online ordering are available. All the restaurants trade in CA.

New York, NY-based BOBBY VAN’S STEAKHOUSE (founded 1996) has increased by 1 unit, from 10 to 11 (10% growth). This upscale steak & seafood concept is open for lunch and dinner, with a $15-$50+ per person check average. The restaurants have full bar service and average seating for about 150. Catering and banquet services are available. Locations are in DC and NY.

Pittsburgh, PA-based VOCELLI PIZZA (founded 1988) has increased by 9 units, from 88 to 97 (10% growth). This quick serve pizzeria is open for lunch and dinner, with a $4-$12+ per person price range. Units are mostly take-out, with catering, delivery and online ordering services available. Stores are franchised and trade in AL, FL, MD, OH, PA, VA and WV.

Charlotte, NC-based WILD WING CAFE (founded 1990) has increased by 4 units, from 40 to 44 (10% growth) and entered into AL and NJ. This family/casual chicken restaurant is open for lunch and dinner, with an $8-$20+ per person check average. Full bar service is available and average seating is for about 250. Catering and online ordering options are available. Units are franchised and trade in AL, FL, GA, NC, NJ, SC, TN, TX and VA.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Boulder, CO-based BIG RED F RESTAURANT GROUP (founded 1994) has increased by 2 units for the Post Brewing Company concept, from 2 to 4 (100% concept growth). The company also operates Centro Mexican Kitchen (1), Jax Fish House (5), Lola Coastal Mexican (1), West End Tavern (1) and Zolo Grill (1). Overall company increase was from 11 to 13 (18% growth). The restaurants are upscale, serving American, Mexican and seafood. Per person check average is $15-$50+, open for lunch and dinner. Average unit seats about 100. Private party services are available. All the restaurants are located in CO.

Grand Rapids, MI-based RESTAURANT PARTNERS INC (founded 1995) has increased by 1 unit for the Red Geranium concept, from 1 to 2 (100% concept growth) and added a new concept called Pete’s Grill & Tavern (1). Other company concepts are Bagel Beanery (4), Beltline Bar (1), Boone’s Prime Time Pub (1), Flap Jack Shack (1), Grand Coney Diner (4), Rockwell Republic (1), The Omelette Shoppe (4) and Sundance Grill & Bar (2). Overall company increase was from 19 to 21 (11% growth). The restaurant concepts are family/casual, open for breakfast, lunch and dinner, with a $6-$15+ per person check average. Cuisines are Asian, bakery/cafe, burger, Mexican, sandwich, steak and bar and grill. Average unit seats about 100. Catering is available. All the restaurants trade in MI.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Homewood, IL-based AURELIO’S PIZZA (founded 1959) has increased by 1 unit, from 42 to 43 (2% growth). This family/casual pizzeria is open for lunch and dinner, with an $8-$20+ per person check average. Units seat about 100 and offer catering, delivery and online ordering options. All locations are franchised and trade in FL, GA, IL, IN, MN and NV. We last featured this concept on 9/13/16 (8% growth).

Irvine, CA-based CREAMISTRY (founded 2013) has increased by 14 units, from 29 to 43 (48% growth) and entered into LA. This quick serve ice cream shop is open for lunch and dinner hours, with a $4-$12+ per person price range. Units seat about 40 and offer catering service. Locations are franchised and trade in AZ, CA, LA and TX. We wrote about this concept on 10/11/16 (367% growth).

Gaithersburg, MD-based GLORY DAYS GRILL (founded 1996) has increased by 2 units, from 27 to 29 (7% growth). This family/casual sports bar concept is open for lunch and dinner, with an $8-$20+ per person check average. Seating is for about 225. Catering and banquet services are available. Trading areas are FL, MD, VA and WV. We featured this concept on 11/8/16 (17% growth).

Cranford, NJ-based ROCK ‘N’ JOE COFFEE BAR (founded 2004) has increased by 1 unit, from 4 to 5 (25% growth). This family/casual coffee shop and cafe is open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Seating is for about 40. Units are franchised and trade in NJ, PA and VA. We last featured this concept on 1/10/17 (20% growth).

February 27, 2018

Growing Concepts of Multi Unit Operators

Newport, OR-based MO’S RESTAURANTS (founded 1946) has increased by 1 unit, from 7 to 8 (14% growth). These family/casual seafood restaurants are open for lunch and dinner, with an $8-$20+ per person check average. Beer and wine are served and seating is for about 70. Catering is available. All the restaurants are located in OR.

Loxley, AL-based BAUMHOWER’S WINGS RESTAURANT (founded 1981) has increased by 1 unit for the Baumhower’s Victory Grill concept, from 9 to 10 (11% concept growth) for an overall company increase from 10 to 11 (10% company growth). Their other company concept is called Dauphin’s (1). These family/casual restaurants serve American cuisine, specializing in chicken wings. Meal periods are lunch and dinner, with a $8-$20+ per person check average. Full bar service is available and seating is for about 200. Catering is also available. All the restaurants are located in AL.

Huntington Beach, CA-based MOOSE RESTAURANT GROUP (founded 2005) has added a new concept called Sandy’s Beach Shack (1) for an overall company increase from 5 to 6 (20% growth). The other company concepts are Fred’s Mexican Café (3) and Moose’s Pub & Cafe (2). These family/casual restaurants serve Mexican and American cuisines and are open for breakfast, lunch and dinner. Per person check average is $6-$15+, with full bar service. Seating is for about 300. Catering is also available. Trading areas are located in CA and HI.

Madison, WI-based MILIO’S SANDWICHES (founded 1989) has increased by 1 unit, from 35 to 36 (3% growth). This fast casual sandwich shop is open for lunch and dinner, with a $4-$12+ per person price range. Units have limited seating and offer catering, delivery and online ordering options. Franchise opportunities are available. Trading areas are IA, MN and WI.

 

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

St Petersburg, FL-based PIZZA@ (founded 2014) has increased by 3 units, from 3 to 6 (100% growth). This fast casual pizzeria is open for lunch and dinner, with a $4-$12+ per person price range. Locations have limited seating and offer catering and online ordering options. Units are franchised and trade in FL.

New York, NY-based MAIN STREET RESTAURANT PARTNERS (founded 1993) has added 2 new concepts called Bodega 88 and Clover Grocery. Other company concepts are Blt Prime (1), Blt Steak (1), Cafe Clover (1), Calle Ocho (1) and Salumeria Rosi (1). Overall company increase was from 5 to 7 (40% growth). The concepts are upscale, with a $15-$50+ per person check average. The restaurants have full bar service and are open for lunch and dinner. Cuisines served are South American, French, Italian, Mexican. Average location has seating for about 150. Trading areas are DC and NY.

 

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Hattiesburg, MS-based MUGSHOTS GRILL & BAR (founded 2004) has increased by 1 unit, from 17 to 18 (6% growth). This family/casual bar and grill concept is open for lunch and dinner, with an $8-$20+ per person check average. Seating is for about 125. Trading areas are AL, LA and MS. Franchising is available. We last featured this concept on 9/27/16 (42% growth).

Boynton Beach, FL-based LUCILLE’S BAD TO THE BONE BBQ has increased by 1 unit, from 3 to 4 (33% growth). This family/casual bbq concept is open for lunch and dinner, with an $8-$20+ per person check average. Beer and wine are served and seating is for about 125. Catering and delivery are available. All the restaurants trade in FL. We featured this concept on 9/13/16 (50% growth).

Sandy Springs, GA-based RISING ROLL GOURMET CAFE (founded 1999) has increased by 1 unit, from 19 to 20 (5% growth). This fast casual sandwich shop is open for breakfast and lunch, with a $4-$12+ per person price range. Units seat about 40 and offer catering, delivery and online ordering options. Units are franchised in FL, GA, KY, TX and VA. We last featured this concept on 10/4/16 (12% growth).

February 20, 2018

Growing Concepts of Multi Unit Operators

Kansas City, MO-based SPIN NEAPOLITAN PIZZA (founded 2005) has increased by 1 unit, from 16 to 17 (6% growth). These family/casual pizza restaurants are open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and seating is for about 100. Catering and delivery services are available. Trading areas are CA, KS, MO, NE and TX.

Minnesota-based PLAZA MORENA CAMPESTRE GRILL RESTAURANTS has increased by 1 unit for the Plaza Morena concept, from 2 to 3 (50% concept growth). The company also operates Gran Plaza Mexican Grill (1). Overall company increase was from 3 to 4 (33% company growth). The restaurants are family/casual, open for lunch and dinner, with an $8-$20+ per person check average. Full bar service is available and average seating is for about 200. All the restaurants trade in MN.

Mableton, GA-based MARTIN’S RESTAURANTS (founded 1962) has increased by 1 unit, from 15 to 16 (7% growth). The restaurants are quick serve, open for breakfast and lunch, with a $4-$12+ per person price range. Units seat about 100. Private party services are available. All the restaurants are located in GA.

Jacksonville, FL-based RENNA’S PIZZA (founded 1976) has increased by 1 unit, from 3 to 4 (33% growth). The restaurants are fast casual, open for lunch and dinner, with a $4-$12+ per person price range. Beer and wine are served and average seating is for about 80. Catering and delivery services are available. All the restaurants trade in FL.

 

 

Emerging and Re-emerging Concepts

Concepts with 20 units or less who grew by at least 2 units.

Madison, GA-based AMICI ITALIAN CAFE (founded 1993) has increased by 4 units, from 7 to 11 (57% growth). This family/casual Italian concept is open for lunch and dinner, with an $8-$20+ per person check average. The restaurants serve beer and wine and seat about 70. Catering is also available. Restaurants are franchised and trade in GA.

Toledo, OH-based BARRY BAGELS (founded 1972) has increased by 5 units, from 7 to 12 (71% growth) and entered into MI. These quick serve bakery/cafes are open for breakfast and lunch, with a $4-$12+ per person price range. Seating is for about 30, with catering and online ordering options available. Trading areas are MI and OH.

 

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Atlanta, GA-based FIFTH GROUP RESTAURANTS (founded 1993) has increased by 1 unit for the South City Kitchen concept, from 3 to 4 (33% concept growth) for an overall company increase from 8 to 9 (13% growth). The other company concepts include: Alma Cocina (1), Ecco (1), La Tavola Trattoria (1), Lure (1) and The Original El Taco (1). These upscale Italian restaurants are open for lunch and dinner, with a $15-$50+ per person check average. Full bar service is available and seating is for about 150. Catering and banquet services are also available. All the restaurants are located in GA. We last featured this company on 9/27/16 (14% growth).

Mississippi-based LOST PIZZA CO has increased by 1 unit, from 12 to 13 (8% growth). These quick serve pizzerias are open for lunch and dinner, with a $4-$12+ per person price range. Beer is served. Seating is for about 50. The restaurants trade in MS and TN. We featured this concept on 9/20/16 (20% growth).

Markham, ON-based WIMPY’S DINER (founded 1961) has increased by 6 units, from 50 to 56 (12% growth). The restaurants are family/casual, open for breakfast, lunch and dinner, with a $6-$15+ per person check average. Full bar service is available and seating is for about 70. All the restaurants are located in ON. We last wrote about this concept on 10/11/16 (6% growth).

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