Growing Concepts of Multi Unit Operators
Nashville, TN-based BONGO JAVA (founded 1993) has added a new concept called Jefferson Street Cafe (1 unit). Other company concepts are Bongo East & Game Point Cafe (1), Bongo Java (2), Box Bongo & Bakery (1), Fenwick’s 300 (1), Fido Fetch! | Fido’s Grab-n-go (1) and Grins Vegetarian Café @ Vanderbuilt U (1). Overall company increase was from 7 to 8 (14% company growth). These quick serve coffee shop/bakery cafe concepts are open for breakfast and lunch hours, with a $4-$12+ per person price range. Seating is for about 30. Online ordering is available. All the locations are in TN.
Kansas City, MO-based 54TH STREET GRILL & BAR (founded 1990) has increased by 3 units, from 26 to 29 (12% growth). This family/casual sports bar concept is open for lunch and dinner, with an $8-$20+ per person check average. The restaurants have seating for about 200. Trading areas are IL, KS, MO and TX.
Denver, CO-based MICI HANDCRAFTED ITALIAN (founded 2004) has increased by 1 unit, from 4 to 5 (25% growth). This fast casual concept serves pizza, gelato and Italian food. Beer and wine are served. Average unit has seating for about 80. Catering and online ordering services are available. All the restaurants are located in CO.
New York, NY-based 16 HANDLES (founded 2008) has increased by 1 unit, from 35 to 36 (3% growth). This quick serve frozen yogurt shop is open for lunch and dinner hours, with a $4-$12+ per person price range. Units have seating for about 30. Catering and online ordering options are available. The stores are franchised and trade in CT, FL, NJ and NY.
Emerging and Re-emerging Concepts
Concepts with 20 units or less who grew by at least 2 units.
San Leandro, CA-based GHIRARDELLI CHOCOLATE COMPANY (founded 1852) has increased by 7 units, from 19 to 26 (37% growth). This quick serve ice cream and chocolate shop is open for lunch and dinner hours, with a $4-$12+ per person price range. Limited seating is available. Trading areas are CA, FL, GA, IL, KY, MA, NV and TX.
Boston, MA-based OATH PIZZA (founded 2015) has increased by 3 units, from 9 to 12 (33% growth). This fast casual pizzeria is open for lunch and dinner, with an $8-$20+ per person price range. Seating is for about 40. All the restaurants are located in MA.
Concepts previously written about in the past 18 months.
Oklahoma City, OK-based SONIC DRIVE-IN (NASDAQ:SONC; founded 1953) has increased by 21 units, from 3593 to 3614 (1% growth). This quick serve burger shop is open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Units have average seating for about 50. Locations are franchised and trade in AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV and WY. We last featured this concept on 1/30/18 (1% growth).
Florida-based JIMMY HULA’S (founded 2011) has increased by 1 unit, from 13 to 14 (8% growth). This fast casual Hawaiian and Mexican concept is open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and average seating is for about 125. Catering is available. Units are franchised and all trade in FL. We featured this concept on 9/5/17 (30% growth).