Restaurant Trends - Growing And Emerging Concepts - Change and Activity August 19, 2014
- August, 19 2014
Growing Concepts of Multi Unit Operators
Concepts that have grown by at least 5% (if less than 50 units).
LE'S VIETNAMESE RESTAURANT based in Allston, MA has 1 unit, from 2 to 3 (50% growth). These are upscale restaurants with full bar and seating for around 125. Meal periods are lunch and dinner. Per person check average is around $15-$50+. Locations are in MA.
Villa Park, IL-based BROWN'S CHICKEN & PASTA (founded 1949) has increased by 1 unit, from 31 to 32 (3% growth). This quick serve concept is open for lunch and dinner, with a $4-$12+ per person price range. Units have seating for about 60 and offer catering, delivery and drive-thru options. Locations are franchised and trade in IL and IN.
Bronx, NY-based GOLDEN KRUST CARIBBEAN BAKERY & GRILL (founded 1989) has increased by 3 units, from 111 to 114 (3% growth). The restaurants are quick serve, open for breakfast, lunch and dinner. Per person price range is $4-$12+. Seating is for around 60. All stores are franchised and trade in CT, FL, GA, MA, MD, NC, NJ, and NY.
Oakville, ON-based TIM HORTON'S (NYSE:THI; founded 1964) has increased by 282 units, from 4264 to 4546 (7% growth). This fast casual coffee and donut shop is open for breakfast, lunch and dinner hours, with a $4-$12+ per person price range. Units seat about 40 and offer catering and drive-thru services. All locations are franchised and trade in AB, BC, IN, KY, MB, ME, MI, NB, NL, NS, NT, NU, NY, OH, ON, PA, PE, PQ, RI, SK, VA, WV, and YT.
Emerging and Re-emerging Concepts
Emerging and Re-emerging Concepts
Concepts with 20 units or less who grew by at least 2 units.
Boston, MA-based B.GOOD (founded 2003) has increased by 4 units, from 13 to 17 (31% growth) and entered into NC, NH, NJ, and RI. The restaurants are fast casual, serving American cuisine. Meal periods are lunch and dinner, with a $6-$15+ per person check average. Units seat about 60 and offer catering and online ordering options. Locations are franchised and trade in CT, MA, ME, NC, NH, NJ, and RI.
NATIVE FOODS CAFE based in Aliso Viejo, CA (founded 1994) has increased by 7 units, from 17 to 24 (41% growth) and expanded into DC. These are fast casual restaurants with seating for around 40. 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 CA, CO, DC, IL and OR.
Concepts previously written about in the past 18 months.
FROOTS of Davie, FL has increased by 4 units, from 32 to 36 (13% growth). These are fast casual smoothie shops with limited seating. Locations are open during breakfast, lunch and dinner hours. Per person check average is around $4-$12+. Catering and delivery services are offered. Trading areas are CA, FL, GA, IA, MA, PA, TX and VA. We last reported on this concept on 9/4/13 when they had 7% growth.
Louisville, KY-based TEXAS ROADHOUSE (NASDAQ:TXRH; founded 1993) has increased by 25 units, from 418 to 443 (6% growth) and entered into AK. This family/casual steakhouse concept is open for dinner only, with a $10-$30+ per person check average. The restaurants have full bar and average seating for about 250. Catering is available. Between 20% and 30% of the restaurants are franchised. Trading areas are AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UR, VA, VT, WA, WI, WV, WY, and the Middle East. We last wrote about this concept on 12/3/13 (8% growth).
Mount Olive, NC-based HIGHWAY 55 BURGERS SHAKES AND FRIES (founded 1991) has increased by 5 units, from 107 to 112 (5% growth) and entered into AL, ON, TN, TX, and the UAE. This family/casual burger concept is open for lunch and dinner, with a $6-$15+ per person check average. Seating is for about 70. The restaurants are franchised and trade in AL, FL, NC, OH, ON, SC, TN, TX, VA, and the UAE. We featured this concept on 1/7/14 (7% growth).
1 Bridge St, Unit 94
Irvington, NY 10533
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