Concepts previously written about in the past 18 months.
FROOTS of Davie, FL has increased by 4 units, from 32 to 36 (13% growth). These are fast casual smoothie shops with limited seating. Locations are open during breakfast, lunch and dinner hours. Per person check average is around $4-$12+. Catering and delivery services are offered. Trading areas are CA, FL, GA, IA, MA, PA, TX and VA. We last reported on this concept on 9/4/13 when they had 7% growth.
Louisville, KY-based TEXAS ROADHOUSE (NASDAQ:TXRH; founded 1993) has increased by 25 units, from 418 to 443 (6% growth) and entered into AK. This family/casual steakhouse concept is open for dinner only, with a $10-$30+ per person check average. The restaurants have full bar and average seating for about 250. Catering is available. Between 20% and 30% of the restaurants are franchised. Trading areas are AK, AL, AR, AZ, CA, 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, UR, VA, VT, WA, WI, WV, WY, and the Middle East. We last wrote about this concept on 12/3/13 (8% growth).
Mount Olive, NC-based HIGHWAY 55 BURGERS SHAKES AND FRIES (founded 1991) has increased by 5 units, from 107 to 112 (5% growth) and entered into AL, ON, TN, TX, and the UAE. This family/casual burger concept is open for lunch and dinner, with a $6-$15+ per person check average. Seating is for about 70. The restaurants are franchised and trade in AL, FL, NC, OH, ON, SC, TN, TX, VA, and the UAE. We featured this concept on 1/7/14 (7% growth).