Restaurant Trends - Growing And Emerging Concepts - Change and Activity April 16, 2014

Update from 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).

Austin, TX-based CHUY'S (NASDAQ:CHUY; founded 1982) has increased by 5 units, from 46 to 51 (11% growth) and entered into MO, NC, OH, SC, and VA.  This family/casual Mexican restaurant concept is open for lunch and dinner, with an $8-$20+ per person check average.  Locations have full bar and seat around 200.  Catering and delivery services are available.  Trading areas are AL, AR, FL, GA, IN, KY, MO, NC, OH, OK, SC, TN, TX, and VA.

Emerging and Re-emerging Concepts

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

Indiana-based GELSOSOMO'S PIZZERIA (founded 1979) has increased by 2 units, from 7 to 9 (29% growth).  This fast casual pizzeria is open for lunch and dinner, serving beer and wine.  Per person price range is $4-$12+.  Seating is for about 100.  Catering, delivery and private party services are available.  Locations are franchised and trade in IN and MI.

San Diego, CA-based GRAB N GO SUBS (founded 1973) has increased by 3 units for the Grab N Go concept, from 8 to 11 (38% concept growth).  The company also operates Mimmo's Italian Village (1).  Overall company increase was from 9 to 12 (33% company growth).  Grab N Go is a quick serve sandwich shop concept, open for breakfast, lunch and dinner.  Per person price range is $4-$12+, with seating for about 30.  Mimmo’s is family/casual, open for lunch and dinner, with a $10-$30+ per person check average.  Mimmo’s serves beer and wine and offers catering and banquet services.  All the restaurants are in CA.

Repeat Growers

Concepts previously written about in the past 18 months. 

Centennial, CO-based THE EGG & I (founded 1987) has increased by 17 units, from 81 to 98 (21% growth) and entered into GA, IN, TN, and VA.  This is a family/casual concept, specializing in breakfast foods.  Meal periods are breakfast and lunch, with a $4-$12+ per person price range.  Units have seating for about 125.  Private party spaces are available.  Locations are franchised and trade in AL, AR, AZ, CO, FL, GA, IL, IN, KS, ME, MO, NE, NM, TN, TX, UT, VA, WI, and WY.  We last featured this concept on 10/2/12 (23% growth).

Emeryville, CA-based FREEBIRD'S WORLD BURRITO (founded 1987) has increased by 8 units, from 100 to 108 (8% growth) and entered into UT.  This fast casual Mexican concept is open for lunch and dinner, with a $6-$15+ per person price range.  Beer and wine are served and seating is for about 100.  Catering and online ordering options are offered.  Trading areas are CA, KS, LA, MO, OK, TX, and UT.  We last wrote about this concept on 5/14/13 (10% growth).  Freebird’s is a subsidiary of Tavistock Restaurants.

Keith Gellman
1 Bridge St, Unit 94
Irvington, NY 10533

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