Restaurant Chain Growth Report 01/28/14



Growing Concepts of Multi Unit Operators
Concepts that have grown by at least 5% (if less than 50 units).

West Monroe, LA-based JOHNNY’S PIZZA HOUSE (founded 1967) has increased by 3 units, from 37 to 40 (8% growth).  This quick serve pizzeria is open for lunch and dinner, with a $4-$12+ per person price range.  Locations serve beer and have seating for about 30.  Online ordering, delivery and drive-thru services are offered.  Trading areas are AR, LA and TX.

Eugene, OR-based CAFE YUMM (founded 1997) has increased by 1 unit, from 11 to 12 (9% growth).  This is a fast casual salad and sandwich concept, open for breakfast, lunch and dinner.  Per person price range is $4-$12+, serving beer and wine.  Units seat about 90.  Catering is available.  All locations are in OR and WA.

Fayetteville, GA-based THIS IS IT BBQ & SEAFOOD (founded 1983) has increased by 1 unit, from 7 to 8 (14% growth).  This family/casual concept is open for lunch and dinner, with a $6-$15+ per person check average.  Units seat about 80 and offer online ordering, catering and private party services.  One location is franchised.  All the restaurants are in GA.

BARBERITOS of Athens, GA (founded 2000) has increased by 3 units, from 34 to 37 (9% growth).  These are fast casual Mexican restaurants with seating for around 90.  Beer and wine are served.  Meal periods are lunch and dinner.  Per person check average is around $4-$12+.  Catering and delivery are available.  Locations are more than 90% franchised and are in FL, GA, NC, SC and TN.

Emerging and Re-emerging Concepts
Concepts with 20 units or less who grew by at least 2 units.

Milford, CT-based CHEESEBOY GRILLED CHEESE TO GO (founded 2009) has increased by 3 units, from 8 to 11 (38% growth).  This fast casual sandwich shop is open for lunch and dinner, with a $4-$12+ per person price range.  Stores are franchised, located mostly in mall food courts.  Trading areas are CT, MA, NJ, NY, and RI.

FARRELL’S ICE CREAM PARLOUR RESTAURANTS based in Lake Forest, CA (founded 1963) has increased by 3 units, from 5 to 8 (60% growth).  These are family/casual restaurants with seating for around 225.  Beer and wine are served.  Meal periods are lunch and dinner.  Per person check average is around $6-$15+.  Banquets are offered.  Locations are in CA and HI.

Repeat Growers
Concepts previously written about in the past 18 months.

New York, NY-based CRUMBS BAKESHOP (NASDAQ: CRMB; founded 2003) has increased by 5 units, from 64 to 69 (8% growth) and entered into NH and RI.  This quick serve cupcake cafe is open for breakfast, lunch and dinner hours, with a $4-$12+ per person price range.  Limited seating is available.  Catering and online ordering services are offered.  Trading areas are CA, CT, DC, DE, IL, MA, MD, NH, NJ, NY, PA, RI, and VA.  We last featured this concept on 3/12/13 (25% growth).

ANOTHER BROKEN EGG CAFE of Destin, FL (founded 1996) has increased by 10 units, from 29 to 39 (34% growth) and expanded into SC.  These are family/casual restaurants with full bar and seating for around 100.  Meal periods are breakfast, lunch and dinner.  Per person check average is around $6-$15+.  Catering and banquet services are offered.  Locations are in AL, CA, FL, GA, IN, LA, MS, NC, SC and TX.  We reported on this concept on 1/2/2013 (24% growth) and on 6/25/2013 (12% growth).

FOGO DE CHAO CHURRASCARIA of Dallas, TX (founded 1979) has increased by 5 units, from 26 to 31 (19% growth).  These are upscale Brazilian restaurants with full bar and seating for around 200.  Meal periods are lunch and dinner.  Per person check average is around $15-$50+.  Locations are in AZ, CA, CO, DC, FL, GA, IL, IN, MA, MD, MN, MO, NV, NY, PA and TX.  We last featured this concept on 1/2/13 (17% growth).

CITY BARBEQUE of Dublin, OH (founded 1999) has increased by 1 unit, from 23 to 24 (4% growth).  These are family/casual BBQ restaurants with seating for around 100.  Beer and wine are served.  Meal periods are lunch and dinner.  Per person check average is around $6-$15+.  Catering and banquets are offered.  Franchising is available.  Locations are in IN, KY and OH.  We last wrote about this concept on 6/4/13 (10% growth).

DICK’S LAST RESORT of Nashville, TN (founded 1985) has increased by 1 unit, from 13 to 14 (8% growth).  These are family/casual restaurants with full bar and seating for around 250.  Meal periods are lunch and dinner.  Per person check average is around $10-$30+.  Catering and banquet services are available.   Locations are in CA, FL, IL, IN, MA, MD, MN, NV, SC, TN and TX.  We wrote about this company on 2/12/13 (8% growth).

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