Restaurant Chain Growth Report 02/11/14



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

Denver, CO-based ILLEGAL PETE’S has increased by 1 unit, from 5 to 6 (20% growth). This is a family/casual Mexican restaurant concept, open for breakfast, lunch and dinner. Per person check average is $6-$15+, with full bar service and seating for about 80. Catering, delivery and online ordering services are available. All locations are in CO.

Los Angeles, CA-based KOI has increased by 1 unit, from 4 to 5 (25% growth). This upscale Japanese concept is open for dinner only, with a $15-$50+ per person check average. The restaurants have full bar service and seating for around 225. Banquet rooms are available. Trading areas are CA, NV, NY, and Thailand.

Jackson, MS-based NEWK’S EATERY (founded 2004) has increased by 12 units, from 53 to 65 (23% growth) and entered into MD and SC. This fast casual concept is open for lunch and dinner, with a $10-$30+ per person check average. Beer and wine are served. Seating is for about 150. Catering is available. Trading areas are AL, AR, FL, GA, LA, MD, MO, MS, NC, SC, TN, and TX. Around 80% of the restaurants are franchised.

FRANKIE & JOHNNIE’S STEAKHOUSE of New York, NY (founded 1926) has increased by 1 unit for MP Taverna, from 2 to 3 (50% concept growth). These are upscale steakhouses with full bar and seating for around 125. Meal periods are lunch and dinner. Per person check average is around $15-$50+. Banquet service is offered. Other company concepts are Fish Tag (1), Frankie & Johnnie’s Steakhouse (3), Kefi (1), and MP Stop & Go (1). Overall company growth is from 8 to 9 (13% company growth). All locations are in NY.

CHUCK’S STEAKHOUSE of Fort Lauderdale, FL (founded 1959) has increased by 1 unit, from 12 to 13 (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+. Locations are in CA, CT, FL, HI, MA and SC.

T.A.G. RESTAURANTS based in Chicago, IL (founded 1995) has increased by 1 unit, from 7 to 8 (14% growth) adding a new concept called City Porch. Other company concepts are America’s Dog (5), Carnelli’s Deli (1), and Kappy’s (1). These tend to be fast casual restaurants with seating for around 50. Meal periods are breakfast, lunch and dinner. Per person check average is around $4-$12+. Catering and delivery are offered. All locations are in IL.

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

Centennial, CO-based GARBANZO MEDITERRANEAN GRILL (founded 2007) has increased by 11 units, from 17 to 28 (65% growth) and entered into AZ, CA, FL, GA, and TX. The restaurants are fast casual, open for lunch and dinner. Per person price range is $4-$12+. Units seat about 40. Catering is available. The company is also the franchisee of 66 Panera Bread locations. Trading areas are AZ, CA, CO, FL, GA, KY, MD, NJ, OH, OK, and TX.

FUZZY PEACH FROZEN YOGURT BAR of Wilmington, NC has increased by 11 units, from 9 to 20 (122% growth). These are quick serve stores with limited seating. Locations are open during lunch and dinner hours. Per person check average is around $4-$12+. Franchising is offered. Locations are in MI, NC, SC and TX.

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

Portland, OR-based CHA CHA CHA TAQUERIA has increased by 1 unit, from 9 to 10 (11% growth). This family/casual Mexican concept is open for lunch and dinner, with a $10-$30+ per person check average. Locations have full bar and seating for about 70. All units are in OR. We wrote about this concept on 6/25/13 (29% growth).

Belmont, NC-based BRIXX WOOD FIRED PIZZA (founded 1998) has increased by 4 units, from 21 to 25 (19% growth) and entered into GA. The restaurants are family/casual, open for lunch and dinner. Per person price range is $6-$15+. Locations serve beer and wine and seat around 250. Catering is available. Trading areas are GA, NC, SC, TN, and VA. We last featured this concept on 9/4/12 (11% growth).

FIREBIRDS WOOD FIRED GRILL of Charlotte, NC (founded 2000) has increased by 13 units, from 23 to 36 (57% growth) and expanded into FL. These are family/casual restaurants with full bar and seating for around 200. Meal periods are lunch and dinner. Per person check average is around $10-$30+. Locations are in AL, AZ, DE, FL, NC, NE, OH, PA, TN and VA. We last reported on this concept on 3/12/13 when they had (21% growth).

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