Concepts previously written about in the past 18 months.
Duncansville, PA-based MEADOWS ORIGINAL FROZEN CUSTARD (founded 1950) has increased by 2 units, from 24 to 26 (8% growth) and entered into NJ, NY and VA. These quick serve ice cream/custard shops are open for lunch and dinner hours, with a $4-$12+ per person price range. Locations have limited seating and offer drive-thru service. The stores are franchised and trade in MD, NC, NJ, NY, PA and VA. We last featured this concept on 5/28/13 (14% growth).
Dallas, TX-based FOGO DE CHAO CHURRASCARIA (founded 1979) has increased by 5 units, from 31 to 36 (16% growth) and entered into OR. The restaurants are upscale South American steakhouses, with a $15-$50+ per person check average. Meal periods are lunch and dinner and seating is for about 200. Locations have full bar service. Trading areas are AZ, CA, CO, DC, FL, GA, IL, IN, MA, MD, MN, MO, NV, NY, OR, PA and TX. We last featured this concept on 1/28/14 (19% growth).
Belmont, NC-based BRIXX WOOD FIRED PIZZA (founded 1998) has increased by 1 unit, from 25 to 26 (4% growth). The pizzerias are family/casual, open for lunch and dinner, with a $6-$15+ per person check average. Locations serve beer and wine and seat about 250. Catering service is available. Trading areas are GA, NC, SC, TN and VA. We wrote about this concept on 2/11/14 (19% growth).
Fort Lauderdale, FL-based SHULA\’S (founded 1989) has increased by 1 unit for the Shula’s Steakhouse concept, from 14 to 15 (7% concept growth) and by 1 unit for the Shula’s 2 concept, from 2 to 3 (50% concept growth). The company also operates Shula Burger (5) Shula\’s 347 (8), Shula\’s Bar & Grill (4) and Shula\’s On The Beach (1). Overall company increase was from 34 to 36 (6% growth). The concepts are mostly upscale, serving steak and seafood, with a $15-$50+ per person check average. Meal periods are lunch and dinner. Shula’s 2 is family/casual, with a $10-$30+ per person check average, open for breakfast, lunch and dinner. Average seating is for about 200 and catering and banquet facilities are available. Trading areas are AL, AZ, FL, GA, IL, IN, NY, OH, PA, RI, TX, UT and VA. We last featured this company on 3/4/14 (3% growth).