Growing Concepts that have grown by at least 5% (if less than 50 units).
ANDIAMO ITALIA of Warren, MI (founded 1990) has increased by 1 unit, from 10 to 11 (10% growth). These are upscale Italian restaurants with full bar and seating for around 250. Catering and banquets are offered. The per person check average is around $15-$50+. All are located in MI.
Eau Claire, WI-based ERBERT & GERBERT'S SUBS & CLUBS (founded 1988) has increased by 4 units, from 45 to 49 (9% growth) and entered into the states of CO and NE. The restaurants are quick serve sandwich shops, with a $2-$6 per person check average and seating for about 30. Meal periods are lunch and dinner. Catering and delivery are available. Locations are franchised and trade in the states of CO, MN, ND, NE, and WI.
Elmhurst, IL-based TACO FRESCO has increased 1 new location for the Taco Fresco concept, from 10 to 11 (10% concept growth). The company also operates 2 other concepts called Fuego Loco (2 units) and Salseria Cantina & Grill (1 unit). Overall company increase was from 13 to 14 (8% growth). Taco Fresco restaurants are fast casual, with seating for about 50-60. Per person check average is $4-$6, open for lunch and dinner. Fuego Loco and Salseria Cantina concepts are family/casual, with a $9-$15 per person check average. There is full bar service and an average seating capacity of 150. Locations operate in the states of IL and IN. A 12th Taco Fresco will be opening in Tinley Park, IL this spring.
ROBEK'S FRUIT SMOOTHIES & HEALTHY EATS headquartered in Manhattan Beach, CA (founded 1996) has increased by 19 units, from 122 to 141 (16% growth) and entered the state of NC. These are quick serve, juice/smoothie units. Locations are 99% franchised and are in AZ, CA, CT, DC, FL, GA, HI, IL, KS, MA, MD, NC, NM, NY, OH, TX, VA and WA. They have now opened their first international location in Dublin, Ireland.
Pittsburgh, PA-based VOCELLI PIZZA (founded 1988) has increased by 8 units, from 132 to 140 (6% growth). These are take-out/delivery pizza shops, open for lunch and dinner. Between 70 and 80% of units are franchised. Locations are in the states of FL, MD, NC, OH, PA, SC, VA, and WV.
Concepts with 20 units or less who grew by at least 2 units.
ARIZONA PIZZA CO of Glendale, AZ (founded 1996) has increased by 2 units, from 6 to 8 (33% growth). These are family/casual Italian & Pizza restaurants with full bar and seating for about 150. The per person check average is around $6-$15. Locations are 88% franchised and are in AZ, FL, MA and MD.
New Jersey-based BOBBY CHEZ SEAFOOD SPECIALTIES, a chain of take-out seafood stores, has increased from 6 to 8 units (33% growth) and entered into PA. Other units are in NJ. Meal periods are lunch and dinner, with a $6-$12 per person check average. Catering is available. A Mays Landing, NJ location is scheduled to open in April '08.
Chicago, IL-based STIR CRAZY (founded 1995) has increased by 2 units, from 9 to 11 (22% growth) and entered into IN. The restaurants are a family/casual Asian fusion concept, with seating for about 250. Meal periods are lunch and dinner. Per person check average is about $8-$20. Trading areas are FL, IL, IN, MI, MO, NY, and OH. New units are planned in KS and WI later this year.
Concepts previously written about in the past 18 months.
RUSTY BUCKET CORNER TAVERN of OH has increased by 1 unit, from 7 to 8 (14% growth) and expanded into MI. These are family/casual restaurants with full bar. Seating is for about 100. Catering and banquets are offered. We last reported on this concept in our 10/9/07 newsletter when they had 40% growth. Locations are in MI and OH. There is a new location to open in Norwood, OH in February '08.
BRAVO DEVELOPMENT INC. based in Columbus, OH (founded 1981) has increased by 3 units for their Bravo Cucina Italiana concept, from 36 to 39 (8% concept growth). Units are upscale Italian restaurants with full bar and seating for about 200. The per person check average is around $15-$30+. Catering and banquets are offered. There was no overall company increase because the company sold off their 2-unit Lindey's concept and closed 1 unit for the Bon Vie concept. Current concepts are Bon Vie (1), Bravo Cucina Italiana (39) and Brio Tuscan Grille (24) for a total of 64 units open. Locations are company owned and are in AL, FL, GA, IA, IL, IN, KS, KY, LA, MI, MO, NC, NJ, NM, NY, OH, OK, PA, TN, TX, VA and WI. We last wrote about this company in our 10/23/07 newsletter when they had 8% company growth.
BUBBA GUMP SHRIMP CO of San Clemente, CA (founded 1996) has increased by 1 unit for their Bubba Gump concept, from 28 to 29 (4% concept growth). These are family/casual seafood restaurants with full bar and seating for about 200. The check average is around $10-$30 per person. Banquets and catering are offered. Other concepts for this company are Capi's Italian Kitchen (1), Mai Tai Bar (3) and Rusty Pelican (1). Overall company growth is from 33 to 34 (3% growth). Locations are in CA, CO, FL, HI, IL, LA, MN, NY, SC and TN. We reported on this company in our 10/2/07 newsletter when they had 10% company growth.
POTBELLY SANDWICH WORKS of Chicago, IL (founded 1977) has increased by 38 units, from 147 to 185 (26% growth). These are quick serve sandwich shops with seating for around 40. Catering and delivery are offered. Locations are company owned and are in DC, IL, IN, MD, MI, MN, OH, PA, TX, VA and WI. We reported on this company in our newsletters dated 10/17/06 (11% growth), 2/27/07 (11% growth) and 9/25/07 (7% growth).
New York, NY-based LE PAIN QUOTIDIEN (founded 1994) has grown by 6 units, from 78 to 84 (8% growth) and opened their first locations in DC and in Australia. We wrote about this concept once before in our 7/31/07 newsletter (10% growth). These are fast casual French bakery/cafes, with seating for about 50. Per person check average is about $6-$12. Meal periods are breakfast, lunch and dinner. Units are in the states of CA, DC and NY, and the countries of Australia, Belgium, France, Kuwait, Lebanon, Qatar, Russia, Turkey, UAE, and the UK.
Tampa, FL-based BEEF O'BRADY'S (founded 1985) has increased by 16 units, from 229 to 245 (7% growth) and entered into LA. We previously mentioned this concept in our 6/5/07 newsletter (2% growth) and in our 9/11/07 newsletter (5% growth). These family/casual sports pubs are open for lunch and dinner, with seating for about 150. Beer and wine are served. Per person check average is $6-$15+. Catering is available. Trading areas are AL, AR, FL, GA, IL, IN, KY, LA, MD, MI, MN, MS, NC, OH, SC, TN, TX, VA, and WI. More than 90% of units are franchised.
Deerfield, IL-based COSI SANDWICH BAR (NASDAQ: COSI, founded 1996) has increased by 6 units, from 135 to 141 (4% growth) and entered into DE and TX. We wrote about this concept twice before (11/21/06-19% growth and 5/15/07-13% growth). These are fast casual sandwich shops, open for breakfast lunch and dinner, with seating for about 50 or 60. Per person check average is $6-$12. Liquor is served at some locations. Catering is available. Locations are in CA, CT, DC, DE, FL, IL, KY, MA, MD, MI, MN, NJ, NY, OH, OK, PA, TX, VA, WA, and WI. Units are 24% franchised.
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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