Concepts previously written about in the past 18 months.
Englewood, CO-based TOKYO JOE\’S (founded 1996) has increased by 4 units, from 25 to 29 (16% growth) and entered into AZ. This fast casual Japanese concept is open for lunch and dinner, with a $4-$12+ per person price range. Locations serve beer. Seating is for around 125. Catering is available. Trading areas are AZ and CO. We last featured this concept on 5/21/13 (18% growth).
Sharon, PA-based QUAKER STEAK & LUBE (founded 1974) has increased by 7 units, from 61 to 68 (11% growth) and entered into LA, NE, SD, and TX. The restaurants are family/casual, serving American cuisine. Per person check average is $8-$20+, with full bar service. Units seat about 350. Catering, banquet, online ordering and drive-thru services are all available. The restaurants are franchised and trade in CO, FL, IA, IL, IN, KY, LA, MI, NC, ND, NE, NJ, NY, OH, ON, PA, SC, SD, TX, VA, WI, and WV. We last wrote about this company on 8/20/13 (17% growth).