January 24, 2017

January 24, 2017

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New: Notes on small company growth. Click here,

 

 

 

Growing Concepts of Multi Unit Operators

Concepts that have grown by at least 5% (if less than 50 units).

Kansas city, MO-based PLANET SUB (founded 1998) has increased by 3 units, from 34 to 37 (9% growth). These quick serve sandwich restaurants are open for lunch and dinner, with a $4-$12+ per person check average. Seating is for about 70 and catering is available. Locations are franchised and trade in AZ, IA, KS, MO, OH, OK, SD and TX. Locations are franchised.

Salt Lake City, UT-based RANCHERITO’S MEXICAN FOOD (founded 1997) has increased by 1 unit, from 16 to 17 (6% growth). These quick serve Mexican restaurants are open for breakfast, lunch and dinner, with a $4-$12+ per person check average. Seating is for about 80. All the locations are in UT.

Alpharetta, GA-based RAY’S NEW YORK PIZZA (founded 2003) has increased by 1 unit, from 3 to 4 (33% growth). These family style Italian & pizza restaurants are open for lunch and dinner, with a $4-$12+ per person price range. Beer and wine are served and seating is for about 80. Catering and delivery are available. All the restaurants are in GA.

Cicero, IL-based STEAK N EGGER (founded 1955) has increased by 1 unit, from 5 to 6 (20% growth). This quick serve concepts serves American cuisine, open for breakfast, lunch and dinner. Per person price range is $4-$12+. Seating is for about 40 and catering is available. All the locations are in IL.

Potomac, MD-based POTOMAC PIZZA (founded 1978) has increased 1 unit for their Potomac Pizza concept, from 3 to 4 (33% concept growth) for an overall company increase from 4 to 5 (25% company growth). The company also operates Potomac Village Deli (1). These fast casual Italian & pizza restaurants are open for lunch and dinner, with a $4-$12+ per person check average. Beer and wine are served and seating is for about 70. Catering, delivery and online ordering services are available. Locations are in MD.

Pittsburgh, PA-based DOUBLE WIDE GRILL has increased by 1 unit for the Double Wide Grill concept, from 2 to 3 (50% concept growth). The company also operates Beehive Coffee (1), Lava Lounge (1), Rowdy Buck (1) and Tiki Lounge (1). Overall company increase was from 6 to 7 (17% company growth). The restaurants are family/casual, serving BBQ and American cuisines, with an $8-$20+ per person check average. Locations have full bar service and average seating for about 250. Meal periods are lunch and dinner. Catering is available. All the restaurants are located in PA.

Columbus, OH-based CHARLEYS PHILLY STEAKS (founded 1986) has increased by 64 units, from 523 to 587 (12% growth). These fast casual sandwich shops are open for lunch and dinner, with a $4-$12+ per person price range. Most stores are located in mall food courts. Catering is available. The restaurants are franchised and trade in AK, AL, AR, AZ, BC, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, ND, NE, NJ, NM, NV, NY, OH, OK, ON, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WI and WV.

 

 

Emerging and Re-emerging Concepts

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

Charlotte, NC-based THE HICKORY TAVERN (founded 1997) has increased by 5 units for the Hickory Tavern concept, from 15 to 20 (33% concept growth) and by 2 units for Charbar No 7, from 3 to 5 (67% concept growth) and entered into TN. Overall company increase was from 18 to 25 (39% company growth). The restaurants are family/casual, serving American cuisine. Meal periods are lunch and dinner, with an $8-$20+ per person check average. Locations have full bar service and average seating for about 125. Catering is available. Trading areas are AL, NC, SC and TN.

Washington-based BRUCHI’S CHEESESTEAK & SUBS (founded 1990) has increased by 2 units, from 15 to 17 (13% growth) and entered into CA. These quick serve sandwich shops are open for lunch and dinner, with a $4-$12+ per person price range. Units seat about 60 and offer catering service. Locations are franchised and trade in CA and WA.

Eugene, OR-based CAFE YUMM (founded 1997) has increased by 4 units, from 15 to 19 (27% growth). This fast casual sandwich concept is open for breakfast, lunch and dinner, with a $4-$12+ per person check average. Beer and wine are served and seating is for about 90. Catering is available. All locations are franchised and trade in OR and WA.

 

 

Repeat Growers

Concepts previously written about in the past 18 months. 

Tulsa, OK-based RIB CRIB (founded 1992) has increased by 2 units, from 59 to 61 (3% growth). These family casual BBQ restaurants are open for lunch and dinner, with an $8-$20+ per person check average. Full bar service is offered and seating is for about 200. Catering is available. Trading areas are AR, FL, IA, KS, MO, NM, OK and TX. About half the units are franchised. We last featured this concept on 9/8/15 (13% growth).

Las Vegas, NV-based CAPRIOTTI’S SANDWICH SHOP (founded 1976) has increased by 17 units, from 88 to 105 (19% growth). This fast casual concept is open for lunch and dinner, with a $4-$12+ per person price range. Units seat about 30 and offer catering and online ordering options. Stores are franchised and trade in AZ, CA, DC, DE, FL, GA, IA, MA, MD, MI, NE, NV, PA, UT, VA, WA and WI. We last wrote about this concept on 2/9/16 (4% growth).

The Colony, TX-based PIE FIVE PIZZA CO (founded 2011) has increased by 3 units, from 105 to 108 (3% growth). These fast casual pizzerias are open for lunch and dinner, with a $4-$12+ per person check average. Beer and wine are served and average seating is for about 100. Catering is available. All units are franchised and trade in AL, AR, CO, DC, DE, FL, GA, IA, IL, IN, KS, KY, MD, MN, MO, MS, NC, NE, OK, TN, TX and VA. Pie Five is a subsidiary of Rave Restaurant Group. We last featured this concept on 3/8/16 (139% growth).

 

 

 

 

 

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