Restaurant Trends - Growing And Emerging Concepts - Change and Activity July 22, 2014
- July, 23 2014
Growing Concepts of Multi Unit Operators
Concepts that have grown by at least 5% (if less than 50 units).
Las Vegas, NV-based FELLINI'S ITALIAN RESTAURANT has increased by 1 unit, from 3 to 4 (33% company growth), with the addition of a new concept called Tap House. Other concepts are Fellini’s Italian Restaurant (1), Salvatore’s Italian Cuisine (1), and The Italian-American Club Restaurant (1). These are upscale Italian concepts, open for dinner. Per person check average is $15-$50+, serving full bar. Seating is for about 100 and banquet services are available. All the restaurants are in NV.
New York, NY-based SHAKE SHACK (founded 2004) has increased by 23 units, from 23 to 46 (100% growth) and entered into NJ. This is a fast casual burger restaurant, open for lunch and dinner. Per person price range is $6-$15+, serving beer and wine. Average seating is for about 100. Catering is available. Trading areas are CT, DC, FL,MA, NY, PA, the Middle East and Europe. Shake Shack is a subsidiary of Union Square Hospitality.
LEAL'S MEXICAN RESTAURANT of Clovis, NM (founded 1957) has increased by 1 unit, from 7 to 8 (14% growth). These are 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 NM and TX.
LEEANN CHIN INC based in Bloomington, MN (founded 1980) has increased by 10 units, from 153 to 163 (7% overall company growth). The Leeann Chin concept has grown from 46 to 51 (11% concept growth). These are fast casual Chinese restaurants with seating for around 80. Meal periods are lunch and dinner. Beer and wine are served. Per person check average is around $4-$12+. Catering is offered. Other company concepts have unit changes also: Pick UpStix has increased by 2 units from 69 to 71 (3% growth) and Mandarin Express has increased by 4 units, from 35 to 39 (11% growth). Chin's Asia has decreased from 3 to 2 (33% growth).
Emerging and Re-emerging Concepts
Emerging and Re-emerging Concepts
Concepts with 20 units or less who grew by at least 2 units.
New York, NY-based LUKE'S LOBSTER (founded 2009) has increased by 3 units, from 9 to 12 (33% growth). This is a family/casual seafood concept, open for lunch and dinner. Per person check average is $10-$30+, serving beer and wine. Locations have limited seating for around 20. Catering is available. Trading areas are DC, MD, NY, and PA.
Concepts previously written about in the past 18 months.
Dallas, TX-based DALLAS RESTAURANT GROUP (founded 2005) has increased by 1 unit for the Chop House Burger concept, from 1 to 2 (100% concept growth). Other company concepts include Dallas Chop House (1), Dallas Fish Market (1), and Wild Salsa (1). Overall company increase was from 4 to 5 (25% growth). These are upscale steak and seafood concepts, open for lunch and dinner. Per person check average is $15-$50+, with full bar and seating for about 225. Catering and banquet services are available. All the restaurants are in TX. We last wrote about this company on 7/17/13 (33% growth).
Phoenix, AZ-based FEZ has increased by 1 unit, from 4 to 5 (25% company growth), with the addition of a new concept called Pizza People Pub. Other concepts are Bliss Rebar (1), Fez (1), Metropolis (1), and Switch Restaurant Bar (1). The restaurants are family/casual, open for lunch and dinner, serving multiple cuisine types. Per person check average is $8-$20+, with full bar service and seating for around 150. Catering and online ordering options are available. All locations are in AZ. We wrote about this company on 1/7/14 (33% growth).
1 Bridge St, Unit 94
Irvington, NY 10533
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