Restaurant Chain Growth Report 05/06/14






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

Maryland-based ADAMS RIBS (founded 1981) has increased by 1 unit, from 6 to 7 (17% growth).  These family/casual BBQ restaurants are open for lunch and dinner, with a $10-$30+ per person check average.  The restaurants have full bar service and seating for around 125.  Catering and banquet services are available.  All locations are in MD.

MUGSHOTS GRILL & BAR of Hattiesburg, MI (founded 2004) has increased by 1 unit, from 9 to 10 (11% growth).  These are family/casual restaurants with full bar and seating for around 125.  Meal periods are lunch and dinner.  Per person check average is around $6-$15+.  Locations are in AL, LA and MS.

TOM’S BBQ CHICAGO STYLE based in Mesa, AZ (founded 1988) has increased by 1 unit, from 4 to 5 (25% growth).  These are family/casual BBQ restaurants with full bar and seating for around 90.  Meal periods are lunch and dinner.  Per person check average is around $6-$12+.  Catering and banquets are offered.  All locations are in AZ.

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

Burlington, MA-based UFOOD GRILL (OTCBB:UFFC; founded 1999) has increased by 2 units, from 11 to 13 (18% growth) and entered into CA and FL.  The restaurants are fast casual, serving American cuisine, with a $4-$12+ per person price range.  Beer and wine are served and seating is for about 80.  Catering is available.  Stores are franchised and trade in CA, DC, FL, MA, NY, OH, SD, TX, and UT.

NOT YOUR AVERAGE JOE’S based in Middleboro, MA (founded 1994) has increased by 3 units, from 17 to 20 (18% growth) and expanded into PA.  These are family/casual restaurants with full bar and seating for around 175.  Meal periods are lunch and dinner.  Per person check average is around $10-$30+.  Locations are in MA, MD, PA and VA.

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

Manasquan, NJ-based JERSEY MIKE’S GIANT SUBS (founded 1956) has increased by 130 units, from 618 to 748 (21% growth) and entered into DC, DE, and NY.  This is a fast casual sandwich shop, open for lunch and dinner.  Per person price range is $4-$12+ and seating is for about 20.  Catering and online ordering services are available.  The stores are franchised and trade in AL, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WI, and WV.  We last wrote about this concept on 5/21/13 (17% growth).

Maitland, FL-based TIJUANA FLATS BURRITO COMPANY (founded 1995) has increased by 8 units, from 93 to 101 (9% growth) and entered into GA.  These fast casual Mexican restaurants are open for lunch and dinner, with a $4-$12+ per person price range.  Locations serve beer and wine and have seating for about 80.  Catering and online ordering options are offered.  Trading areas are FL, GA, IN, NC, PA, and VA.  We featured this company on 8/13/13 (13% growth).

Albuquerque, NM-based DION’S PIZZA (founded 1978) has increased by 1 unit, from 18 to 19 (6% growth).  This quick serve pizzeria concept is open for lunch and dinner, with a $4-$12+ per person price range.  Units seat about 100.  Catering, delivery and online ordering services are available.  Trading areas are CO, NM, and TX.  We last wrote about this concept on 8/27/13 (6% growth).

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