Growing Concepts of Multi Unit Operators

Albuquerque, NM-based IL VICINO WOOD OVEN PIZZA (founded 1992) has added a new concept called Canteen Taproom (1). The company also operates Canteen Brewhouse (1) and Il Vicino Wood Oven Pizza (4). Overall company increase was from 5 to 6 (20% company growth). These familly/casual Italian and pizza concepts are open for lunch and dinner, with an $8-$20+ per person check average. Beer and wine are served and average seating is for about 200. Online ordering and private party services are available. Trading areas are CO, KS and NM.

New York-based BLUE HILL (founded 2000) has added a new concept called Blue Hill Cafe & Grain Bar (1). Other company concepts are Blue Hill At Stone Barns (1) and Blue Hill New York City (1). Overall company increase was from 2 to 3 (50% company growth). The Blue Hill restaurant concept is upscale, serving American cuisine. Per person check average is $15-$50+, open for dinner. Units have seating for about 175. Banquet services are available. The cafe and bakery is open for lunch, with a $6-$15+ per person price range. All the restaurants are located in NY.

Lake Mary, FL-based GATOR\’S DOCKSIDE (founded 1991) has increased by 2 units, from 25 to 27 (8% growth). The restaurant is a family/casual bar and grill, open for lunch and dinner. Per person check average is $8-$20+, with average seating for about 350. All the restaurants trade in FL.

Chicago, IL-based POTBELLY SANDWICH WORKS (founded 1977) has increased by 22 units, from 455 to 477 (5% growth) and entered into FL, IA, MS, MT, NC, OK and ON. This fast casual sandwich concept is open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Units seat about 40 and offer online ordering, catering and delivery. Stores are franchised and trade in AR, AZ, CO, CT, DC, FL, IA, IL, IN, KS, KY, MA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NJ, NY, OH, OK, ON, OR, PA, SD, TN, TX, UT, VA, WA and WI.

Santa Fe Springs, CA-based IT\’S A GRIND COFFEE HOUSE (founded 1994) has increased by 1 unit, from 20 to 21 (5% 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 40. Catering, online ordering and drive-thru services are available. Stores are franchised and trade in CA, CT and TX.

Emerging and Re-emerging Concepts

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

Regina, SK-based TRIFON\’S PIZZA & SPAGHETTI HOUSE (founded 1972) has increased by 2 units, from 20 to 22 (10% growth). These family/casual restaurants are open for lunch and dinner, with an $8-$20+ per person check average. Full bar is served and average seating is for about 125. Catering, delivery, online ordering and private party services are available. All the restaurants trade in SK.

San Francisco, CA-based MIXT GREENS (founded 2005) has increased by 2 units for the Mixt Greens concept, from 9 to 11 (22% concept growth). The company also operates Split American Kitchen (3). Overall company increase was from 12 to 14 (17% company growth). The restaurants are fast casual salad and sandwich concepts, open for lunch and dinner. Per person price range is $8-$20+, serving beer and wine. Average unit seats around 40. Catering and online ordering options are available. All the locations are in CA.

Repeat Growers

Concepts previously written about in the past 18 months.

Salt Lake City, UT-based RANCHERITO\’S MEXICAN FOOD (founded 1997) has increased by 1 unit, from 17 to 18 (6% growth). The restaurants are quick serve, open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Seating is for about 80. All the restaurants are located in UT. We featured this concept on 1/24/17 (6% growth).

Brooklyn, NY-based CAFE GRUMPY (founded 2005) has increased by 1 unit, from 8 to 9 (13% growth) and entered into FL. This quick serve coffee cafe is open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Seating is for about 20. Trading areas are FL and NY. We wrote about this concept on 2/15/17 (33% growth).

Boston, MA-based B.GOOD (founded 2004) has increased by 10 units, from 58 to 68 (17% growth) and entered into TX. The restaurants are fast casual, serving American cuisine, burgers, salads and sandwiches. Per person price range is $6-$15+, open for lunch and dinner. Seating is for about 60. Catering and online ordering options are available. Locations are franchised and trade in CT, MA, ME, NC, NH, NJ, NY, ON, PA, RI, TX, VA and VT. We last wrote about this concept on 8/29/17 (53% growth).

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