December 18, 2018

December 18, 2018

Growing Concepts of Multi Unit Operators

New York, NY-based BLT RESTAURANTS E SQUARED HOSPITALITY (founded 2004) has added a new concept called Dez (1) and increased by 1 unit for the BLT Burger concept, from 1 to 2 (100% concept growth), 1 unit for the Casa Nona concept, from 1 to 2 (100% concept growth) and by 5 units for the By Chloe concept, from 9 to 14 (56% concept growth) for an overall company increase from 31 to 38 (23% growth). The other company concepts include: Blt Prime (2), Blt Prime By David Burke (1), Blt Steak (12) Horchata (1), Grand Tavern 62 (1), The Florentine (1) and The Wayfarer (1). These upscale steak and seafood restaurants are open for lunch and dinner, with a $15-$50+ per person check average. The restaurants have full bar and average seating for about 150. Catering and banquet services are available. Trading areas are CA, DC, FL, IL, MA, NC, NV and NY.

Orlando, FL-based BAHAMA BREEZE has increased by 4 units, from 36 to 40 (11% growth). This family/casual Caribbean restaurant is open for lunch and dinner, with a $10-$30+ per person check average. Full bar service is available and the average unit has seating for around 250. Catering is available. Trading areas are DE, FL, GA, IL, MA, MI, NC, NJ, NV, NY, OH, PA, TN, VA and WA. Bahama Breeze is a subsidiary of Darden Restaurants.

Orlando, FL-based EARL OF SANDWICH (founded 2004) has increased by 6 units, from 25 to 31 (24% growth). This fast casual sandwich shop is open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Average unit has seating for about 50. Catering and online ordering services are available. Locations are franchised and trade in CA, FL, MA, MD, MI, NJ, NV, NY, PA and TX.

Scottsdale, AZ-based PICAZZO’S HEALTHY ITALIAN KITCHEN (founded 2002) has increased by 1 unit, from 4 to 5 (25% growth). This family/casual Italian and pizza concept is open for lunch and dinner, with an $8-$20+ per person check average. The restaurants have full bar and seating for about 100. Catering, delivery, online ordering and private party services are available. All the restaurants are located in AZ.

Maryland-based MEXICO RESTAURANT (founded 1990) has increased by 1 unit for the Plaza Mexico concept, from 2 to 3 (50% concept growth) and entered into DE. The company also operates Mexico Restaurant (2 units). Overall company increase was from 4 to 5 (25% company growth). These family/casual restaurants are open for lunch and dinner, with a $10-$30+ per person check average. Full bar service is available. Average seating is for about 150. Catering and banquet services are offered. Trading areas are DE and MD.

 

EmergingĀ and Re-emerging Concepts

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

Flagstaff, AZ-based PLATED PROJECTS LLC has increased by 2 units for the Over Easy concept, from 2 to 4 (100% concept growth) and added new concepts called Citizen Pie (1) and Whiskey and Whiskey (1). Other company concepts are Oakmont|Marquee (1), Taverna (1) and The Mayor Kitchen Bar Patio (1). Overall company increase was from 6 to 9 (50% growth). The concepts are family/casual, open for breakfast, lunch and dinner, with a $10-$30+ per person check average. Multiple cuisines are served, including American, Greek, pizza and Mediterranean. The restaurants have full bar service and average seating for about 200. All the restaurants are located in AZ.

Repeat Growers

Concepts previously written about in the past 18 months.

Washington, DC-based &PIZZA (founded 2012) has increased by 9 units, from 24 to 33 (38% growth). These fast casual pizza restaurants are open for lunch and dinner, with a $4-$12+ per person price range. Beer and wine are served. Seating is for about 60. Trading areas are DC, MD, NY, PA and VA. We wrote about this concept on 11/29/17 (41% growth).

Grapevine, TX-based COTTON PATCH CAFE (founded 1989) has increased by 2 units, from 53 to 55 (4% growth). These family/casual cafes serve American cuisine and are open for lunch and dinner. Per person check average is $6-$15+, serving beer and wine. Seating is for about 100. Catering is available. Trading areas are AR, NM, OK and TX. We last featured this concept on 3/26/18 (13% growth).

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