Growing Concepts that have grown by at least 5% (if less than 50 units).
Rancho Cordova, CA-based PIZZA GUYS (founded 1986) has opened 4 units, from 55 to 59 (7% growth). These are take-out/delivery pizzerias, open for lunch and dinner. Between 80 and 90% of the units are franchised. Locations are in CA and NV.
Longwood, FL-based FOOD SYSTEMS UNLIMITED INC (founded 1991) has opened 1 unit for their Asian Chao concept, from 35 to 36 and 3 units for the Chao Cajun concept, from 10 to 13. The company also operates Maki of Japan (20 units). Overall company increase was from 65 to 69 units (6% growth). The restaurants are fast casual and located in mall and airport food courts. Per person check average is $4-$10. Meal periods are lunch and dinner. Between 20 and 30% of units are franchised. Trading areas are FL, GA, IL, IN, KY, MA, MN, NC, NJ, NY, OH, PA, TN, TX, and WA.
OLGA'S KITCHEN based in Troy, MI (founded 1970) has increased by 3 units, from 30 to 33 (10% growth). These are fast casual sandwich units with seating for about 60. The check average is around $3-$8 per person. Banquets are offered. Locations are company owned and are in IL, MI and OH.
DUDUM SPORTS & ENTERTAINMENT of Walnut Creek, CA has increased by 2 units, from 5 to 7 (40% growth) as a result of an acquisition of a concept called Cantina, which has 2 units. Additional activity was the increase of 1 unit for the Joe DiMaggio's concept, from 1 to 2 while expanding into TX. During the same period, the company has sold a single unit concept called "Center Court." Current concepts are: Bing Crosby's Restaurant (2), Joe DiMaggios (2), Mc Covey's (1) and Cantina (2). Units are generally upscale with full bar and seating for about 175. The per person check average range is $15-$30+. Locations are in CA and TX.
Multiple New location openings:
RED ROBIN GOURMET BURGERS headquartered in Greenwood Village, CO (founded 1969 - NSDQ: RRGB) has 8 new locations opening in Carmel-IN, Portland-OR, Wareham-MA, Huntsville-AL, Renton-WA, Nashville-TN, Ashburn-VA and Poughkeepsie-NY. There are currently 373 total locations in AB, AK, AL, AR, AZ, BC, CA, CT, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, NE, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA and WI.
RED BRICK PIZZA based in Palmdale, CA (founded 1998) has 5 new locations to open in Tampa-FL, Milwaukie-OR, Peoria-AZ, Bakersfield-CA and Encino-CA. There are currently 72 locations in AZ, CA, CO, FL, NM, NV, OR and TX.
Concepts with 20 units or less who grew by at least 2 units.
Boise, ID-based CHICAGO CONNECTION PIZZA (founded 1982) has opened 2 units, from 9 to 11 (22% growth). The restaurants are family/casual style, serving Italian cuisine and pizza, with a $4-$10 per person check average. Meal periods are lunch and dinner, with seating for about 60. Beer and wine is served. Delivery, catering, and banquet facilities are available. All locations are in ID.
Birmingham, AL-based ZOE'S KITCHEN (founded 1995) has increased by 3 units, from 17 to 20 (18% growth). These are fast casual Greek restaurants, open for lunch and dinner, with a $4-$10 per person check average. Seating is for about 60. Catering is available. About 40% of units are franchised. Trading areas are AL, AZ, FL, LA, TN, and TX.
MARY'S PIZZA SHACK of Sonoma, CA (founded 1959) has increased by 2 units, from 15 to 17 (13% growth). These are family/casual restaurants with full bar and seating for about 150. The per person check average is $6-$15+. Catering and banquet services are offered. All locations are in CA.
Concepts previously written about in the past 18 months.
Coconut Creek, FL-based SAL'S ITALIAN RISTORANTE (founded 1990) has increased by 3 units, from 15 to 18 (20% growth). This concept was previously mentioned in our 5/29/07 newsletter, with a 15% growth. These family/causal Italian & pizza restaurants are open for lunch and dinner, with a $10-$30 per person check average. Seating is for about 60. Beer and wine is served. Catering is available. All locations are in FL.
Sandy, UT-based RUMBI ISLAND GRILL (founded 2000) has opened 3 units, from 20 to 23 (15% growth). This concept was previously featured in our 12/19/06 and 6/5/07 newsletter issues (38% growth and 11% growth, respectively, with a 1 year growth of 77%). This company was also ranked #7 on our January '07 Top Ten Fastest Growing Restaurant Concepts list. These fast casual restaurants are open for lunch and dinner, with a $6-$12 per person check average. Seating is for about 90. Catering is available. Trading areas are AZ, CO, and UT.
Edgewater, MD-based THE GREENE TURTLE (founded 1976) has opened 3 units during the period, from 14 to 17 (21% growth). This concept was previously mentioned in our 11/15/06 and 4/24/07 newsletters (38% growth and 18% growth, respectively, 113% growth over the past year). These are family/casual bar and grill restaurants, with an $8-$20 per person check average and seating for about 150. Meal periods are lunch and dinner. Catering and banquet facilities are available. More than 60% of units are franchised. Locations are in DC and MD, with a Lewes, DE location to open next year. Other upcoming locations are Prince Frederick, MD and Westminster, MD.
SPICY PICKLE (OTC:BB SPKL.OB) headquartered in Denver, CO (founded 1999) has increased by 11 units, from 25 to 36 (44% growth) and expanded into AZ, IN and MS. These are fast casual sandwich restaurants with seating for about 30. The per person check average is around $3-$8 and catering is offered. We reported on this concept in our 3/27/07 newsletter (18% growth) and our 8/20/07 newsletter (25% growth). The overall one-year growth is from 12 to 36 (200% growth). Units are franchised and are located in AZ, CA, CO, IL, IN, MS, NV, OH, OR, SD, TX and VA. Spicy Pickle ranked #5 on our January '07 Top Ten Fastest Growing concept list. They also ranked #4 on our October '07 Top Ten list as well. The company went public in September '07.
HOMEMADE PIZZA CO based in Chicago, IL has increased by 6 units, from 14 to 20 (43% growth). We last reported on this concept in our 1/2/07 newsletter (43% growth) and our 6/12/07 newsletter (40% growth). Overall one year growth is from 7 to 20 (186%). Units are take-out and are located in IL and MN. This company ranked #3 on our July '07 Top Ten Fastest Growing Concepts list.
Contact
Keith Gellman
Restaurantchains.net
1 Bridge St, Unit 94
Irvington, NY 10533
914-591-4297
http://www.restaurantchains.net
keith@restaurantchains.net
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