Concepts previously written about in the past 18 months.
University Park, FL-based FIRST WATCH RESTAURANTS (founded 1983) has increased by 7 units for the First Watch concept, from 110 to 117 (6% concept growth) and entered into NE. The company has added 1 unit for the J. Christopher’s concept, from 21 to 22 (5% concept growth). Overall company increase was from 131 to 139 (6% company growth). Both restaurant concepts are family/casual, serving American cuisine. Meal periods are breakfast and lunch, with a $4-12+ per person check average. Average seating is for about 150. Private party services are available. Trading areas are AZ, FL, GA, IN, KS, KY, MD, MO, NE, OH, OK, PA, TN, VA, WI, and WV. Franchising is available. We last wrote about this company on 11/20/12 (2% growth).
Madison, WI-based MILIO’S SANDWICHES (founded 1989) has increased by 1 unit, from 47 to 48 (2% growth). This fast casual sandwich concept is open for lunch and dinner, with a $4-$12+ per person price range. Units have limited seating. Catering, delivery and online ordering services are available. Thirty-seven percent of the stores are franchised. Trading areas are IA, MN, NE, and WI. We last featured this concept on 8/28/12 (15% growth).
Minnetonka, MN-based FAMOUS DAVE’S (NASDAQ: DAVE; founded 1995) has increased by 8 units, from 188 to 196 (4% growth) and entered into MB and WY. This is a family/casual bbq concept, open for lunch and dinner. Per person check average is $10-$30, with full bar service and seating for about 250. Catering is available. Locations are franchised and trade in AR, AZ, CA, CO, DE, FL, IA, ID, IL, IN, KS, KY, MB, MD, ME, MI, MN, MO, MT, ND, NE, NJ, NV, NY, OH, OR, PA, SD, TN, TX, UT, VA, WA, WI, and WY. We most recently featured this concept on 5/14/13 (1% growth).
EAST COAST WINGS based in Winston Salem, NC (founded 1995) has increased by 5 units, from 23 to 28 (22% growth) and entered into SC and TN. These are family/casual restaurants with seating for around 100. Beer is served. Meal periods are lunch and dinner. Per person check average is around $4-$12+. Catering is offered. Locations are franchised and are in NC, SC, TN, and TX. We reported on this concept on 10/22/13 (10% growth).
ELEVATION BURGER of Arlington, VA has increased by 10 units, from 36 to 46 (28% growth). These are fast casual restaurants with seating for around 70. Meal periods are lunch and dinner. Per person check average is around $4-$12+. Locations are franchised and are in DC, FL, IN, MD, ME, MI, NC, NJ, NY, PA, TX and VA. We reported on this concept on 7/9/13 (6% growth).
FREDDY’S FROZEN CUSTARD & STEAKBURGERS based in Wichita, KS (founded 2002) has increased by 26 units, from 88 to 114 (30% growth) and expanded into FL, KY and PA. These are quick serve restaurants with seating for around 60. Meal periods are lunch and dinner. Per person check average is around $4-$12+. Banquets are offered. Locations are more than 90% franchised and are in AZ, CA, CO, FL, IA, IL, KS, KY, MO, NE, NM, NV, OK, PA, TX, UT and VA. We last wrote about this concept on 5/21/13 when they had 21% growth.