Restaurant Trends - Growing And Emerging Concepts - Change and Activity February 18, 2014

2014-02-18
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  • Restaurantchains.net Update from Restaurantchains.net on growing and emerging restaurant concepts

    Growing Concepts of Multi Unit Operators 

    Concepts that have grown by at least 5% (if less than 50 units).

    Arkansas-based DAMGOODE PIES (founded 2001) has increased by 1 unit, from 4 to 5 (25% growth).  This family/casual pizzeria is open for lunch and dinner, with a $6-$15+ per person check average.  Locations serve beer and wine and seat about 80.  Delivery and online ordering services are available.  One location is franchised.  All stores are located in AR.

    Chicago, IL-based POTBELLY SANDWICH WORKS (NASDAQ: PBPB; founded 1977) has increased by 61 units, from 250 to 311 (24% growth) and entered into AZ, CT, KS, NJ, OR, and TN.  The restaurants are fast casual, open for breakfast, lunch and dinner.  Per person price range is $4-$12+.  The restaurants offer catering, delivery and online ordering services.  Seating is for around 40.  Trading areas are AZ, CT, DC, IL, IN, KS, KY, MA, MD, MI, MN, MO, NJ, NY, OH, OR, PA, TN, TX, VA, WA, and WI.  Franchising opportunities are now available.  

    FRESHII based in Toronto, ON (founded 2012) has increased by 26 units, from 53 to 79 (49% growth).  These are fast casual sandwich restaurants with seating for around 50.  Meal periods are breakfast, lunch and dinner.  Per person check average is around $4-$12+.  Locations are in AB , BC, CA, CO, DC, IL, MA, MD, OH, ON, OR, PA, TN, TX, Vienna, Dubai, Sweden and Switzerland.  Franchising is offered.

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    Emerging and Re-emerging Concepts

    Concepts with 20 units or less who grew by at least 2 units.

    Santa Monica, CA-based THE VEGGIE GRILL (founded 2005) has increased by 4 units, from 19 to 23 (21% growth).  This fast casual vegetarian concept is open for lunch and dinner, with a $6-$15+ per person check average.  Locations seat around 80 and serve beer and wine.  Trading areas are CA, OR, and WA.

    Repeat Growers

    Concepts previously written about in the past 18 months.

    University Park, FL-based FIRST WATCH RESTAURANTS(founded 1983) has increased by 7 units for the First Watch concept, from 110 to 117 (6% concept growth) and entered into NE.  The company has added 1 unit for the J. Christopher’s concept, from 21 to 22 (5% concept growth).  Overall company increase was from 131 to 139 (6% company growth).  Both restaurant concepts are family/casual, serving American cuisine.  Meal periods are breakfast and lunch, with a $4-12+ per person check average.  Average seating is for about 150.  Private party services are available.  Trading areas are AZ, FL, GA, IN, KS, KY, MD, MO, NE, OH, OK, PA, TN, VA, WI, and WV.  Franchising is available.  We last wrote about this company on 11/20/12 (2% growth).

    Madison, WI-based MILIO'S SANDWICHES (founded 1989) has increased by 1 unit, from 47 to 48 (2% growth).  This fast casual sandwich concept is open for lunch and dinner, with a $4-$12+ per person price range.  Units have limited seating.  Catering, delivery and online ordering services are available.  Thirty-seven percent of the stores are franchised.  Trading areas are IA, MN, NE, and WI.  We last featured this concept on 8/28/12 (15% growth).

    Minnetonka, MN-based FAMOUS DAVE'S (NASDAQ: DAVE; founded 1995) has increased by 8 units, from 188 to 196 (4% growth) and entered into MB and WY.  This is a family/casual bbq concept, open for lunch and dinner.  Per person check average is $10-$30, with full bar service and seating for about 250.  Catering is available.  Locations are franchised and trade in AR, AZ, CA, CO, DE, FL, IA, ID, IL, IN, KS, KY, MB, MD, ME, MI, MN, MO, MT, ND, NE, NJ, NV, NY, OH, OR, PA, SD, TN, TX, UT, VA, WA, WI, and WY.  We most recently featured this concept on 5/14/13 (1% growth).

    EAST COAST WINGS based in Winston Salem, NC (founded 1995) has increased by 5 units, from 23 to 28 (22% growth) and entered into SC and TN.  These are family/casual restaurants with seating for around 100.  Beer is served.  Meal periods are lunch and dinner.  Per person check average is around $4-$12+.  Catering is offered.  Locations are franchised and are in NC, SC, TN, and TX.  We reported on this concept on 10/22/13 (10% growth).

    ELEVATION BURGER of Arlington, VA has increased by 10 units, from 36 to 46 (28% growth).  These are fast casual restaurants with seating for around 70.  Meal periods are lunch and dinner.  Per person check average is around $4-$12+.  Locations are franchised and are in DC, FL, IN, MD, ME, MI, NC, NJ, NY, PA, TX and VA.  We reported on this concept on 7/9/13 (6% growth).

    FREDDY'S FROZEN CUSTARD & STEAKBURGERS based in Wichita, KS (founded 2002) has increased by 26 units, from 88 to 114 (30% growth) and expanded into FL, KY and PA.  These are quick serve restaurants with seating for around 60.  Meal periods are lunch and dinner.  Per person check average is around $4-$12+.  Banquets are offered.   Locations are more than 90% franchised and are in AZ, CA, CO, FL, IA, IL, KS, KY, MO, NE, NM, NV, OK, PA, TX, UT and VA.  We last wrote about this concept on 5/21/13 when they had 21% 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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