Growing Concepts of Multi Unit Operators

South Carolina-based SAN JOSE MEXICAN RESTAURANT (founded 1981) has increased by 1 unit for the San Jose concept, from 14 to 15 (7% concept growth). The company also operates Panchos (1) and Salud Mexican Kitchen & Tequila Lounge (1). Overall company increase was from 16 to 17 (6% company growth). The concepts are family/casual, open for lunch and dinner, with an $8-$20+ per person check average. The restaurants have full bar service and average seating for about 150. Catering service is available. All the restaurants are located in SC.

Santa Maria, CA-based MILT GUGGIA ENTERPRISES INC (founded 1979) has added a new concept called Crumbles Café & Bake Shop (1). Other company concepts are A J Spurs (3), Jetty Restaurant (1), Pappy\’s Restaurants (1), Pea Soup Andersen\’s (2), Pepper Garcia\’s (1), Shaw\’s Steakhouse (1) and The Pantry On Park (1). Overall company increase was from 10 to 11 (10% growth). The restaurants serve multiple cuisine types, open for breakfast, lunch and dinner. Per person check average is $6-$15+, with full bar and seating for about 200. Catering and banquet rooms are available. All the restaurants are located in CA.

Culver City, CA-based LEMONADE (founded 2008) has increased by 7 units, from 21 to 28 (33% growth). This fast casual concept serves salads and sandwiches, open for lunch and dinner. Per person price range is $6-$15+, with seating for about 40. Catering and delivery options are available. All the restaurants are located in CA.

Lebanon, TN-based CRACKER BARREL OLD COUNTRY STORE (NASDAQ:CBRL; founded 1969) has increased by 7 units, from 637 to 644 (1% growth) and entered into NV and OR. The restaurants are family/casual, serving American cuisine. Meal periods are breakfast, lunch and dinner, with a $6-$15+ per person check average. Seating is for about 175. Trading areas are AL, AR, AZ, CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WI and WV.

Emerging and Re-emerging Concepts

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

Brooklyn, NY-based DOS TOROS has increased by 3 units, from 10 to 13 (30% growth). This fast casual Mexican concept is open for lunch and dinner, with a $6-$15+ per person check average. Beer and wine are served and seating is for about 70. Catering and online ordering options are available. All the restaurants are located in NY.
 

Repeat Growers

Concepts previously written about in the past 18 months. 

San Francisco, CA-based PHILZ COFFEE (founded 2003) has increased by 14 units, from 22 to 36 (64% growth). This quick serve coffee shop is open for breakfast, lunch and dinner hours, with a $4-$12+ per person price range. Units seat about 30. Trading areas are CA and DC. We last featured this concept on 6/21/16 (38% growth).

Gulf Shores, AL-based SHRIMP BASKET (founded 1993) has increased by 3 units for the Shrimp Basket concept, from 24 to 27 (13% concept growth) and entered into GA. The company also operates Mikee\’s Seafood (1) and The Steamer Baked Oyster Bar (1). Overall company increase was from 26 to 29 (12% company growth). These seafood concepts are family/casual, open for lunch and dinner, with an $8-$20+ per person check average. Beer and wine are served and seating is for about 125. Trading ares are AL, FL, GA and MS. We last featured this company on 11/2/16 (13% growth).

St Louis, MO-based IMO\’S PIZZA (founded 1964) has increased by 2 units, from 97 to 99 (2% growth). This quick serve pizzeria is open for lunch and dinner, with a $4-$12+ per person price range. Locations serve beer and seat about 30. Catering, delivery and online ordering options are available. Units are franchised and trade in IL, KS and MO. We featured this concept on 2/2/16 (9% growth).