Restaurant Trends - Growing And Emerging Concepts - Change and Activity May 13, 2014

2014-05-14
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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).

    Calgary, AB-based MOXIE'S CLASSIC GRILL (founded 1986) has increased by 1 unit for the Moxie’s Classic Grill concept, from 63 to 64 (2% concept growth), 2 units for the Chop concept, from 6 to 8 (33% concept growth) and by 4 units for Shark Club, from 8 to 12 (50% concept growth).  The company has also added a 6-unit concept called Rockford.  Overall company increase was from 77 to 90 (17% company growth) and entered into PQ and NB.  The restaurants are mostly family/casual, open for lunch and dinner, with a $10-$30+ per person check average.  Chop is a more upscale steakhouse concept, with a $15-$50+ per person check average.  The restaurants serve full bar and have an average seating capacity of 225.  Catering is available.  Trading areas are AB, BC, MB, MS, NB, NS, ON, and SK.  

    Scottsdale, AZ-based PF CHANG'S CHINA BISTRO (founded 1993) has increased by 5 units for the PF Chang’s concept, from 233 to 238 (2% concept growth) and by 11 units for the Pei Wei Asian Diner concept, from 193 to 204 (6% concept growth).  Overall company increase was from 426 to 442 (4% company growth).  The restaurants are family/casual, serving Chinese cuisine.  Meal periods are lunch and dinner, with a $10-$30+ per person check average.  The restaurants have full bar service and seating for around 250.  Private party facilities are available.  

    WOK BOX of Surrey, BC (founded 2004) has increased by 2 units, from 50 to 52 (4% growth) and expanded into CO and TX.  These are fast casual restaurants with seating for around 60.  Meal periods are lunch and dinner.  Per person check average is around $4-$12+.  Catering is offered.  Locations are franchised and are in AB, AZ, BC, CO, MB, NB, NL, NS, ON, OR, SK and TX.

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    Emerging and Re-emerging Concepts

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

    Seattle, WA-based HOMEGROWN SUSTAINABLE SANDWICH SHOP (founded 2009) has increased by 2 units, from 3 to 5 (67% growth).  This fast casual sandwich shop is open for breakfast and lunch, with a $4-$12+ per person price range.  Beer and wine are served and seating is for about 50.  Catering, delivery, online ordering and private party services are all available.  All stores are in WA.

    OREGANO'S PIZZA BISTRO of Scottsdale, AZ has increased by 2 units, from 12 to 14 (17% growth).  These are family/casual restaurants with seating for around 150.  Beer and wine are served.  Meal periods are lunch and dinner.  Per person check average is around $6-$15+.  Catering is offered.  Locations are in AZ.

    MOD SUPER FAST PIZZA of Seattle, WA (founded 2008) has increased by 12 units, from 8 to 20 (150% growth).  Meal periods are lunch and dinner.  Per person check average is around $4-$12+.  Beer and wine are served.  All locations are in WA.    

    WHIT'S FROZEN CUSTARD of Johnstown, OH (founded 2003) has increased by 2 units, from 16 to 18 (13% growth) and expanded into FL and NC.  These are quick serve shops with seating for around 20.  Per person check average is around $4-$12+.  Locations are in FL, NC and OH.

    Repeat Growers

    Concepts previously written about in the past 18 months. 

    Englewood, CO-based TOKYO JOE'S (founded 1996) has increased by 4 units, from 25 to 29 (16% growth) and entered into AZ.  This fast casual Japanese concept is open for lunch and dinner, with a $4-$12+ per person price range.  Locations serve beer.  Seating is for around 125.  Catering is available.  Trading areas are AZ and CO.  We last featured this concept on 5/21/13 (18% growth).

    Sharon, PA-based QUAKER STEAK & LUBE (founded 1974) has increased by 7 units, from 61 to 68 (11% growth) and entered into LA, NE, SD, and TX.  The restaurants are family/casual, serving American cuisine.  Per person check average is $8-$20+, with full bar service.  Units seat about 350.  Catering, banquet, online ordering and drive-thru services are all available.  The restaurants are franchised and trade in CO, FL, IA, IL, IN, KY, LA, MI, NC, ND, NE, NJ, NY, OH, ON, PA, SC, SD, TX, VA, WI, and WV.  We last wrote about this company on 8/20/13 (17% 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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