Concepts previously written about in the past 18 months.
Maryville, TN-based LIME FRESH MEXICAN GRILL (founded 2004) has increased by 2 units, from 28 to 30 (7% growth) and entered into TX and Chile. This fast casual Mexican concept is open for lunch and dinner, with a $6-$15+ per person check average. The restaurants serve beer and wine and offer catering service. Average seating is for about 70. Locations are franchised and trade in AL, DC, FL, NC, OH, TX, VA, and Chile. Lime Fresh is a subsidiary of Ruby Tuesday restaurants. We last featured this concept on 7/17/13 (13% growth).
Phoenix, AZ-based BARRO\’S PIZZA (founded 1980) has increased by 2 units, from 33 to 35 (6% growth). The restaurants are fast casual, open for lunch and dinner, with a $4-$12+ per person price range. Beer and wine are served and seating is for about 50. Delivery is available. All locations are in AZ. We last featured this concept on 9/4/13 (3% growth).
RUMBI ISLAND GRILL of Salt Lake City, UT (founded 2000) has increased by 1 unit, from 22 to 23 (5% growth). These are fast casual restaurants with seating for around 90. Meal periods are lunch and dinner. Per person check average is around $4-$12+. Catering and online ordering are offered. Locations are in AZ, CO, ID, NV and UT. We last reported on this company on 11/19/13 when they had 5% growth.
Southlake, TX-based DEL FRISCO\’S RESTAURANT GROUP (NASDAQ: DFRG; founded 1981) has increased by 1 unit for the Del Frisco’s Double Eagle Steakhouse concept, from 10 to 11 (10% concept growth) and by 6 units for the Del Frisco’s Grille concept, from 8 to 14 (75% concept growth). The company also operates the 10-unit Sullivan’s Steakhouse. Overall company increase was from 37 to 44 (19% growth). The restaurants are upscale steakhouses, open for lunch and dinner. Per person check average is $15-$50+, with full bar and seating for about 250. Catering and banquet services are available. Trading areas are AK, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KS, LA, MA, MD, NC, NE, NV, NY, PA, TX, and WA. We last featured this company on 12/10/13 (9% growth).