June 20, 2017

June 20, 2017

Growing Concepts of Multi Unit Operators

Springfield, MO-based ANDY’S FROZEN CUSTARD (founded 1986) has increased by 13 units, from 50 to 63 (26% growth) and entered into AL and FL. This quick serve ice cream concept is open for lunch and dinner hours, with a $4-$12+ per person price range. Stores have limited seating. About half the locations are franchised. Trading areas are AZ, CO, FL, IL, KS, MO, NC, OK, TN and TX.

Winston Salem, NC-based EAST COAST WINGS (founded 1995) has increased by 1 unit, from 34 to 35 (3% growth) and entered into VA. The restaurants are family/casual, specializing in chicken wings. Meal periods are lunch and dinner, with a $6-$15+ per person price range. Beer is served. Catering and online ordering options are available. Locations are franchised and trade in FL, NC, PA, TN, TX and VA.

Eugene, OR-based ABBY’S LEGENDARY PIZZA (founded 1964) has increased by 6 units, from 30 to 36 (20% growth). This family/casual pizzeria is open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and seating is for about 100. Catering, delivery and online ordering services are available. Trading areas are OR and WA.

San Francisco, CA-based PACIFIC CATCH has increased by 1 unit, from 6 to 7 (17% growth). This family/casual seafood restaurant has a full bar and average seating for about 100. Per person check average is $10-$30+. Catering, banquet and online ordering options are available. All the restaurants trade in CA.

EmergingĀ and Re-emerging Concepts

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

New York, NY-based BLOCKHEADS BURRITOS (founded 1994) has increased by 2 units for the Blockheads Burritos concept, from 7 to 9 (29% concept growth) for an overall company increase from 9 to 11 (22% company growth). The other company concepts are Benny’s Burritos (1) and Mother Burger (1). These family/casual Mexican restaurants are open for lunch and dinner, with an $8-$20+ per person check average. Full bar service is available and seating is for about 80. Catering, private party and online ordering services are available. All the restaurants are located in NY.

Oregon-based LOVE LOVE TERIYAKI has increased by 1 unit for the Love Love Teriyaki concept, from 4 to 5 (25% concept growth) and added a new concept called Love Love Teriyaki & Sushi (1 unit). Overall company increase was from 4 to 6 (50% company growth). These fast casual Japanese concepts are open for lunch and dinner, with a $6-$15+ per person price range. Seating is for about 70. Catering is available. All the restaurants trade in OR.

Alabama-based MILO’S HAMBURGERS (founded 1946) has increased by 2 units, from 18 to 20 (11% growth). This quick serve burger restaurant is open for lunch and dinner, with a $4-$12+ per person price range. Seating is for about 70. Drive-thru service is available. Locations are franchised and trade in AL.

Repeat Growers

Concepts previously written about in the past 18 months.

New York, NY-based BEAN N BEAN ORGANIC COFFEE has increased by 1 unit, from 3 to 4 (33% growth) and entered into NJ. This quick serve coffee shop is open for breakfast, lunch and dinner hours, with a $4-$12+ per person price range. Beer and wine are served and seating is for about 50. Trading areas are NJ and NY. We wrote about this concept on 12/20/16 (33% growth).

Chicago, IL-based YOLK has increased by 1 unit, from 3 to 4 (33% growth). This family/casual breakfast and lunch concept has a $6-$15+ per person check average and seating for about 150. Catering, private party and online ordering options are available. Trading areas are IL, IN and TX. We last wrote about this concept on 2/15/17 (86% growth).

El Paso, TX-based WING DADDY’S SAUCE HOUSE (founded 2008) has increased by 1 unit for the Wing Daddy’s concept, from 20 to 21 (5% concept growth) and added a new concept called Charcoaler Drive-in (1). The company also operates a 3-unit concept called Toro Burger. Overall company increase was from 23 to 25 (9% company growth). The restaurants are family/casual, serving chicken, burgers and American cuisine. Locations have full bar and average seating for about 100. Per person check average is $10-$30+. Catering is available. All the restaurants trade in TX. We featured this concept on 4/4/17 (25% growth).

Denver, CO-based SNARF’S SANDWICHES (founded 1996) has increased by 3 units, from 23 to 26 (13% growth). This fast casual concept is open for breakfast, lunch and dinner, with a $4-$12+ per person price range. Average unit seats about 50. Catering, delivery and online ordering are available. We last wrote about this concept on 3/28/17 (10% growth).

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