Update from Restaurantchains.net on growing and emerging restaurant concepts
Growing Concepts that have grown by at least 5% (if less than 50 units).
Sacramento, CA-based MIKUNI JAPANESE RESTAURANT has increased by 1 unit for the Mikuni concept, from 6 to 7 (17% concept growth), entering into CO. The group also operates a 1-unit concept called Taro's. Overall company increase was from 7 to 8 (14% company growth). All other units are in CA. These are upscale Japanese restaurants, with a $15-$30+ per person check average. Meal periods are lunch and dinner. The restaurants have a full bar and seating for about 200. Catering and banquet services are available.
Beverly, MA-based NEW ENGLAND HOT DOG COMPANY (founded 2004) has increased by 1 unit, from 3 to 4 (33% growth). The restaurants are quick serve, open for lunch and dinner, with a $3-$8 per person check average. Units average seating for about 30. Catering and delivery options are available. All locations are franchised and are located in the states of MA and NJ. A 5th unit is planned for NH later this year.
Dallas, TX-based LA DUNI CAFÉ has increased by 1 unit for the La Duni concept, from 2 to 3 (50% concept growth). The company also operates Alo (1 unit). Overall company increase was from 3 to 4 (33% growth). These are family/casual Latin restaurants, open for lunch and dinner. Per person check average is $8-$20. Locations have a full bar and seating for about 150. Catering and online ordering are available. All units are in TX.
KINGSTON PIZZA of Kingston, RI (founded 1984) has increased by 1 unit, from 10 to 11 (10% growth). These are mostly take-out restaurants with seating for about 20. Catering is offered. Locations are franchised and are in RI.
PATIO RESTAURANT based in Bridgeview, IL (founded 1977) has increased by 1 unit, from 4 to 5 (25% growth). These are family/casual BBQ restaurants with seating for about 200. Beer and wine are served. Catering and drive thru are offered. The per person check average is around $8-$20. All locations are in IL.
IL FORNO AUTHENTIC ITALIAN FOOD of Acton, MA (founded 1992) has increased by 1 unit, from 3 to 4 (33% growth). These are family/casual Italian restaurants with seating for about 100. The per person check average is around $10-$30. Catering is offered. All locations are in MA.
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Concepts with 20 units or less who grew by at least 2 units.
Chicago, IL-based FRANCESCA'S RESTAURANTS (founded 1992) has increased by 2 units for the Francesca's concept, from 14 to 16 (14% concept growth). Other concepts are La Sorella Di Francesca (1) and Mia Francesca (1). Overall company increase was from 16 to 18 (13% growth). These are all upscale Italian restaurants, open for lunch and dinner. Per person check average is $15-$30+. There is full bar service and seating for an average of 150. Catering, delivery and banquets are available. All locations are in IL.
VILLAGE INN PIZZA based in Statesville, NC (founded 1967) has increased by 2 units, from 10 to 12 (20% growth). These are buffet pizza restaurants with seating for about 50. Locations are family owned and located in NC.
Vancouver, BC-based FDC BRANDS (founded 1997) has increased by 3 units for the Mr Mike's Steakhouse concept, from 13 to 16 (23% concept growth). FDC Brands also operates 7 A&W locations. Overall company increase was from 20 to 23 (15% company growth). Mr Mike's are family/casual steakhouse restaurants, open for lunch and dinner. Per person check average is $10-$30. Locations have a full bar and seating for 200. Trading areas are AB and BC. More than half the Mr Mike's are franchised.
Concepts previously written about in the past 18 months.
Coralville, IA-based PANCHERO'S MEXICAN GRILL (founded 1992) has increased by 3 units, from 53 to 56 (6% growth) and entered into 3 states (CA, GA, and MD). These are fast casual Mexican restaurants, open for lunch and dinner, with a $6-$12 per person check average. Beer and wine are served and seating is for about 80. Trading areas are CA, CO, CT, FL, GA, IA, IL, MD, MI, MN, MO, NC, ND, NE, NJ, PA, SD, TX, VA, and WI. Between 70% and 80% of units are franchised. We previously featured this concept on 2/5/08 (7% growth), 5/20/08 (8% growth), and 10/14/08 (4% growth).
Fresno, CA-based DYNACO FOOD CONCEPTS (founded 1978) has increased by 2 units for Cool Hand Luke's Steakhouse, from 11 to 13 (18% concept growth) and by 1 unit for Yukon Jack's, from 2 to 3 (50% concept growth). Other concepts are Huckleberry's (6), and Perko's Café (36). Overall company increase was from 55 to 58 (5% growth). These concepts are mainly family/casual, with a $6-$15+ per person check average, open for lunch and dinner (some locations open for breakfast). Most of the restaurants are full bar (Perkos serves beer and wine only). Catering and private party facilities are available. Trading areas are CA and ID. We featured this company on 10/21/08 (10% growth).
TOMMY PASTRAMI NEW YORK DELICATESSEN based in Santa Ana, CA has increased by 2 units, from 7 to 9 (29% growth). These are fast casual delis with seating for up to 80. Beer and wine are served. Catering is offered. The check average is around $4-$10 per person. Locations are more than 60% franchised and are in CA and NV. We wrote about this concept on 9/9/08 when they had 100% growth.
Minnetonka, MN-based FAMOUS DAVE'S (NASDAQ: DAVE; founded 1995) has increased by 5 units, from 171 to 176 (3% growth) and entered into ME and OR. The restaurants are family/casual, serving BBQ cuisine. Meal periods are lunch and dinner, with an $8-$20 per person check average. Locations have a full bar and seating for about 250. Catering is available. The restaurants are 73% franchised and located in the states of AR, AZ, CA, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, ND, NE, NH, NJ, NV, NY, OH, OK, OR, PA, SD, TN, TX, UT, VA, WA, WI, and WV. We wrote about this concept on 3/25/08 (7% growth) and on 10/28/08 (1% growth).
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