Restaurant Trends - Growing And Emerging Concepts - Data reflects change and activity from August 22, 2008 to December 22, 2008

Growing Concepts that have grown by at least 5% (if less than 50 units).
Milwaukee, WI-based MONDO BROTHERS has increased by 1 unit, from 2 to 3 (50% company growth), with the addition of a new Mexican concept called Rio West Cantina. Other concepts are Lakefront Brewery and Vecchio Bar & Grill. These are family/casual restaurants, open for lunch and dinner, with a $10-$30 per person check average. All locations have a full bar. Seating is for about 60 for Rio West and Vecchio and about 200+ for Lakefront Brewery. Banquet and catering services are available. All the restaurants are in WI.

Columbus, OH-based HOGGY'S (founded 1991) has increased by 1 unit, from 6 to 7 (17% growth). These are family/casual BBQ restaurants, open for lunch and dinner. Units have a full bar and seating for about 150. Per person check average is around $6-$12. Catering, banquet and online ordering are available. Locations are in KY and OH.

Taylor, TX-based STOCKADE COMPANIES (founded 1966) has increased by 2 units for the Coyote Canyon concept, from 6 to 8 (33% concept growth), 2 units for Montana Mike's Steakhouse, from 25 to 27 (8% concept growth) and 2 units for Sirloin Stockade, from 54 to 56 (4% concept growth). Overall company increase was from 85 to 91 (7% company growth). These are family/casual steakhouse-themed restaurants, with a $10-$30 per person check average. Meal periods are lunch and dinner. All locations have a full bar. Seating is for about 300. Banquet facilities are available. Trading areas are IA, IL, IN, KS, KY, MO, OK, TX, and Mexico. More than 90% of the restaurants are franchised.

San Francisco, CA-based PHO HOA (founded 1983) has increased by 2 units, from 71 to 73 (3% growth). These quick serve Asian restaurants are open for breakfast, lunch and dinner, with a $3-$8 per person check average. Delivery is available. Trading areas are AB, BC, CA, FL, GA, MA, NC, ON, PA, PQ, TX, UT, VA, and WA

PITA GRILL of New York, NY has increased by 1 unit, from 10 to 11 (10% growth). These are fast casual Mediterranean restaurants with seating for about 20. The per person check average is around $3-$8 per person. Catering and online ordering are offered. Locations are in NY and NJ.

RODIZIO GRILL based in Midvale, UT has increased by 1 unit, from 2 to 3 (50% growth). These are upscale Brazilian restaurants with full bar and seating for about 200. The per person check average is around $15-$30+. Banquets are offered. Locations are in CO and UT.

LICK'S HAMBURGERS & ICE CREAM of Toronto, ON (founded 1980) has increased by 2 units, from 23 to 25 (9% growth). These are quick serve burger restaurants with seating for about 40. The per person check average is around $3-$8. Drive-thru and catering are offered. All locations are in ON.

Concepts with 20 units or less who grew by at least 2 units.
BOSTON BLACKIE'S based in Chicago, IL (founded 1984) has increased by 2 units, from 6 to 8 (33% growth). These are family/casual restaurants with full bar and seating for about 200. The per person check average is around $8-$20. All locations are in IL.

SMASHBURGER based in Denver, CO (founded 2007) has increased by 4 units, from 5 to 9 (80% growth) and expanded into KS. These are fast casual restaurants with seating for about 70. Beer and wine are served. The per person check average is around $6-$12. About half are franchised and are in CO and KS.

Concepts previously written about in the past 18 months.
Irvine, CA-based IN-N-OUT BURGERS (founded 1948) has increased by 5 units, from 219 to 224 (2% growth). We featured this concept on 12/18/07 (1% growth). These are quick serve burger restaurants, open for lunch and dinner, with a $3-$8 per person check average. Seating is for about 80 at most locations. Catering is available. Trading areas are AZ, CA, NV, and UT.

Brooklyn Center, MN-based CARIBOU COFFEE (NASDAQ: CBOU, founded 1992) has increased by 11 units, from 484 to 495 (2% growth). We wrote about this company on 11/27/07 (2% growth). These quick serve coffee shops are open for breakfast, lunch and dinner hours, with a $2-$6 per person check average. Seating is for about 20. Catering is available. Trading areas are CO, DC, GA, IA, IL, KS, MD, MI, MN, MO, NC, ND, OH, PA, SD, VA, and WI. Between 10% and 20% of locations are franchised.

FIREHOUSE SUBS based in Jacksonville, FL (founded 1994) has increased by 5 units from 340 to 345 (1% growth). These are quick serve restaurants with seating for about 20. The per person check average is around $2-$6. Catering is offered. Locations are in AL, AR, AZ, FL, GA, KY, LA, MS, NC, NV, OK, SC, TN, TX and VA. We reported on this concept in our 5/6/08 newsletter (5% growth) and our 9/9/08 newsletter (6% growth).

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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