Update from Restaurantchains.net on growing and emerging restaurant concepts
Growing Concepts that have grown by at least 5% (if less than 50 units).
Baltimore, MD-based NASCAR SPORTS GRILLE (founded 1995) has increased by 1 unit, from 2 to 3 (50% growth) and entered into VA. These are family/casual restaurants, serving American cuisine. Meal periods are lunch and dinner, with an $8-$20 per person check average. All locations have a full bar and seating for about 225. Catering and private party services are available. Trading areas are FL, IN, and VA.
JOEY'S SMOKIN BBQ headquartered in Carlsbad, CA (founded 2005) has increased by 1 unit, from 6 to 7 (17% growth). These are fast casual BBQ restaurants with seating for around 50. Beer and wine are served. Meal periods are lunch and dinner. Per person check average is around $8-$20. Catering and online ordering are offered. All locations are in CA.
PARK AVENUE BBQ & GRILLE based in Jupiter, FL has increased by 1 unit, from 8 to 9 (13% growth). These are family/casual BBQ restaurants with full bar and seating for around 125. Meal periods are lunch and dinner. Per person check average is around $6-$12. Catering is offered. All locations are in FL.
Carlsbad, CA-based RUBIO'S FRESH MEXICAN GRILL (NASDAQ: RUBO; founded 1983) has increased by 3 units, from 195 to 198 (2% growth). This is a family/casual concept, open for lunch and dinner. Per person check average is $8-$20. Beer and wine is served and seating is for about 150. Catering is available. Trading areas are AZ, CA, CO, NV, and UT.
RISE & DINE RESTAURANTS headquartered in Columbus, OH (founded 1985) has increased by 1 unit, from 13 to 14 (8% growth) and expanded into KS. These are family/casual restaurants with seating for around 150. Breakfast and lunch are served. Catering is offered. Per person check average is around $6-$12. Locations are more than 30% franchised and are in KS, MO, OH and TX.
Concepts with 20 units or less who grew by at least 2 units
Metairie, LA-based FAT TUESDAY (founded 1983) has increased by 2 units for the Fat Tuesday concept, from 20 to 22 (10% concept growth). The company also operates a 33-unit concept called New Orleans Original Daiquiris. Overall company growth was from 53 to 55 (4% growth). This is a bar-nightclub concept, serving mostly drinks. Average capacity is for about 150. Units are in AZ, FL, LA, NV, PA, SC, Mexico and Honduras.
Concepts previously written about in the past 18 months.
San Francisco, CA-based EXTREME PIZZA (founded 1994) has increased by 2 units, from 39 to 41 (5% growth). These quick serve pizzerias are open for lunch and dinner, serving beer and wine. Per person check average is $4-$10. Average unit seats about 40. Catering, delivery and online ordering are available. Locations are franchised and trade in CA, CO, OR, TX, VA, WA, and Ireland. We previously featured this company on 11/18/08 (3% growth) and on 9/15/09 (5% growth).
CAFE RIO based in Salt Lake City, UT (founded 1997) has increased by 4 units, from 27 to 31 (15% growth) and expanded into CA and CO. These are fast casual Mexican restaurants with seating for around 100. Meal periods are lunch and dinner. Per person check average is around $3-$8. Catering is available. Locations are in AZ, CA, CO, ID, NV and UT. We last reported on this concept on 7/21/09 (19% growth).
Vancouver, BC-based VERA'S BURGER SHACK (founded 1977) has increased by 1 unit, from 12 to 13 (8% growth) and entered into ON. All other units are in BC. These quick serve burger restaurants are open for lunch and dinner, with a $3-$8 per person check average. Units have seating for about 40. Catering and online ordering are available. Between 80% and 90% of the stores are franchised. We last featured this concept on 11/17/09 (20% growth).
MERCADITO RESTAURANTS of New York, NY has increased by 1 unit, from 4 to 5 (25% growth) and expanded into FL. These are family/casual Mexican restaurants with seating for around 50. Beer and wine are offered. Catering is available. Locations are in FL, IL and NY. We reported on this concept on 1/5/10 (33% growth).
Vancouver, WA-based PAPA MURPHY'S TAKE-N-BAKE PIZZA (founded 1981) has increased by 21 units, from 1177 to 1198 (2% growth) and entered into FL, GA, NC, and SC. This is a take-out only pizza shop, open for lunch and dinner hours. Online ordering is available. Units are franchised and located in AB, AK, AL, AR, AZ, BC, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, LA, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OK, OR, SC, SD, TN, TX, UT, WA, WI, and WY. We wrote about this concept on 1/20/09 (4% growth) and on 2/9/10 (2% growth).
PASQUINI'S PIZZERIA based in Denver, CO (founded 1986) has increased by 1 unit, from 4 to 5 (25% growth). These are family/casual Italian and pizza restaurants with full bar and seating for around 200. Lunch and dinner are served. Per person check average is around $6-$12. Catering and franchising are offered. Locations are in CO. We reported on this concept on 1/12/10 (33% growth)..
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