Growing Concepts that have grown by at least 5% (if less than 50 units).
The Minnesota-based pizzeria chain, PUNCH NEAPOLITAN PIZZA (founded 1996) has increased by 1 unit, from 5 to 6 (20% growth). These quick serve restaurants are open for lunch and dinner, with seating for about 60. Beer and wine are served. All units are in MN.
Bloomington, MN-based LEEANN CHIN INC (founded 1980) has increased by 4 units for the Leeann Chin concept, from 33 to 37 (12% concept growth). The company also operates the 5-unit Chin's Asia Fresh. Overall company increase was from 38 to 42 (11% company growth). These are fast casual Chinese restaurants, open for lunch and dinner, with a $4-$10 per person check average. Beer and wine are served. Seating is for about 80. Catering and delivery are available. Trading areas are MN and WI.
Texas-based DIXIE HOUSE CAFÉ (founded 1983) has increased by 1 unit, from 5 to 6 (20% growth). These family/casual, American restaurants are open for breakfast and lunch, with a $6-$12 per person check average. Seating is for about 200. All units are in TX.
MALONE'S of Lexington, KY has increased 1 unit for the Malone's concept, from 2 to 3 (50% concept growth). Other concepts are Regatta (1) and Sal's (1). Overall company growth is from 4 to 5 (25% growth). Locations are upscale serving steak and seafood and a full bar is offered. The check average is around $15-$50+. All are located in KY.
O'NATURAL'S based in Portland, ME (founded 2001) has increased by 1 unit, from 5 to 6 (20% growth) and expanded into NC. These are fast casual restaurants serving beer and wine. Seating is for about 60. Catering and banquets are offered. Locations are in FL, KS, MA, ME and NC.
TED'S CAFE ESCONDIDO of Oklahoma City, OK has increased by 1 unit, from 4 to 5 (25% growth). These are family/casual Mexican restaurants with full bar and seating for about 200. The per person check average is around $8-$20. Catering and banquets are offered. All are located in OK.
Concepts previously written about in the past 18 months.
Destin, FL-based TROPICAL SMOOTHIE CAFÉ (founded 1997) has increased by 15 units, from 257 to 272 (6% growth) and entered into NJ and PA. We featured this concept on 6/27/07 (7% growth). This is a quick serve juice/smoothie concept, open for breakfast, lunch and dinner hours. Per person check average is $3-$8. Catering is available. Most units have seating for about 50. Trading areas are AL, AR, AZ, CA, FL, GA, HI, IA, IL, IN, KY, LA, MI, MN, MO, MT, NC, NE, NJ, NM, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, and WI. More than 90% of units are franchised.
Ste-Therese, PQ-based CHEZ CORA (founded 1987) has increased by 5 units, from 92 to 97 (5% growth). We wrote about this concept on 4/3/07 (6% growth), 10/16/07 (3% growth), and on 6/10/08 (2% growth). These are family/casual restaurants, open for breakfast and lunch, with a $6-$12 per person check average. Beer and wine are served. Seating is for about 125. Trading areas are AB, MB, NB, NL, NS, ON, PE, and PQ. All stores are franchised.
Chicago, IL-based POTBELLY SANDWICH WORKS (founded 1977) has increased by 10 units, from 199 to 209 (5% growth) and entered into KY. We wrote about this chain on 9/25/07 (7% growth), 2/12/08 (26% growth), and on 7/1/08 (8% growth). These quick serve sandwich shops are open for lunch and dinner, with a $3-$8 per person check average. Seating is for about 40. Catering, delivery, and online ordering are available. Trading areas are DC, IL, IN, KY, MD, MI, MN, NJ, OH, PA, TX, VA, and WI.
Fort Myers, FL-based RIB CITY GRILL (founded 1989) has increased by 3 units for the Rib City Grill concept, from 23 to 26 (13% concept growth). The company also operates the Veranda Restaurant in Fort Myers. Overall company increase was from 24 to 27 (13% company growth). We featured this company in our 9/11/07 newsletter (13% growth) and again on 6/10/08 (26% growth). The Rib City Grills are family/casual BBQ restaurants, open for lunch and dinner, with an $8-$20 per person check average. Catering is available. The Veranda is an upscale restaurant and reception facility. Trading areas are CO, FL, MI, OH, OR, UT, and WA. About half of the Rib Crib locations are franchised
FAMOUS DAVE'S headquartered in Minnetonka, MN (NASDAQ: DAVE - founded 1995) has increased by 2 units, from 170 to 172 (1% growth) and expanded into DE and ID. These are family/casual BBQ restaurants with full bar. Seating is for about 250. The check average is around $6-$15+. Catering is offered. Locations are in AR, AZ, CA, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, MI, MN, MO, MT, ND, NE, NH, NJ, NV, NY, OH, OK, PA, SD, TN, TX, UT, VA, WA, WI and WV. More than 70% of locations are franchised. We reported on this concept in our 3/25/08 newsletter (7% growth).
ELEPHANT BAR RESTAURANTS based in La Mirada, CA (founded 1993) has increased by 3 units, from 48 to 51 (6% growth). These are family/casual restaurants with full bar and seating for about 300. The per person check average is around $10-$20. Banquets are offered. We wrote about this concept in our 2/26/08 newsletter (7% growth) and again on 7/22/08 (7% growth). Locations are in AZ, CA, CO, FL, IL, KS, MO, NM, NV, OH and OK.
SIR CORP headquartered in Burlington, ON has increased 1 unit for Jack Astor's concept, from 28 to 29 (4% concept growth). Other concepts for this company are Alice Fazooli's (5), Canyon Creek Chophouse (8), Far Niente (1), Four/petit Four Bakery (1), Loose Moose (1) and Reds (1). Overall company growth is from 45 to 46 (2% growth). These are family casual restaurants with full bar and seating for about 200. We reported on this concept in our 6/17/08 newsletter (7% company growth). Locations are in AB, NC, NS, NY, ON and PQ.
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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