Restaurant Chain Growth Report 5/15/12



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

THE HOME TEAM GRILL based in Glen Allen, VA has increased by 1 unit, from 2 to 3 (50% growth).  These are family/casual restaurants with full bar and seating for around 200.  Meal periods are lunch and dinner.  Banquets are available.  Per person check average is around $8-$20.  All locations are in VA.

TONY’S PIZZA of Charlotte, NC (founded 1981) has increased by 1 unit for the Tony’s concept, from 6 to 7 (17% concept growth).  These are quick serve Italian and pizza restaurants with seating for around 60.  Beer and wine are served at some locations.  Meal periods are lunch and dinner.  Per person check average is around $6-$12.  There is a second company concept called Mario’s Pizza (5 units).  Overall company growth is from 11 to 12 (9% company growth).  All locations are in NC.

BAHAMA BREEZE of Orlando, FL has increased by 4 units, from 26 to 30 (15% growth) and expanded into DE and MA.  These are family/casual Caribbean restaurants with full bar and seating for around 250.  Meal periods are lunch and dinner.  Per person check average is around $6-$15+.  Catering is available.  Locations are in DE, FL, GA, IL, MA, MD, MI, NC, NJ, NV, OH, PA, TN and WA.  Bahama Breeze is a subsidiary of Darden Restaurants.

Andover, MA-based BURTON’S GRILL has increased by 1 unit, from 6 to 7 (17% growth) and entered into NH.  The restaurants are upscale, serving American cuisine.  Per person check average is $15-$30+, with a full bar and seating for about 200.  Catering service is available.  Locations are in CT, MA, NH, and VA.

Tulsa, OK-based JAVA DAVE’S COFFEE HOUSE (founded 1988) has increased by 1 unit, from 33 to 34 (3% growth).  These quick serve coffee shops are open for breakfast, lunch and dinner hours, with a $2-$6 per person price range.  Unit seat about 60.  Drive-thru and online ordering services are available.  Trading areas are AR, CA, KS, MA, MI, MO, NM, OK, and TX.

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

THE PERFECT PITA headquartered in Alexandria, VA (founded 1994) has increased by 4 units, from 11 to 15 (36% growth).  These are mostly take-out Mediterranean restaurants with limited seating.  Meal periods are breakfast and lunch.  Per person check average is around $3-$8.  Catering is available.  All locations are in VA.

New York, NY-based JUST SALAD (founded 2006) has increased by 2 units, from 7 to 9 (29% growth) and entered into Singapore.  This is a fast casual concept, open for lunch and dinner, with a $4-$10 per person price range.  Units seat about 50 and offer catering and delivery services.  Trading areas are NY, Hong Kong, and Singapore.

Tempe, AZ-based YOGURTINI (founded 2008) has increased by 6 units, from 15 to 21 (40% growth).  This is a self-serve frozen yogurt concept, open for lunch and dinner hours.  Per person price range is about $2-$6, with limited seating available.  Stores are franchised and trade in AZ, CO, FL, KS, MO, and NE.

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

LONGHORN STEAKHOUSE based in Orlando, FL (founded 1981) has increased by 45 units, from 363 to 408 (12% growth).  These are family/casual steakhouse 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 AL, AR, CT, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NH, NJ, NY, OH, OK, PA, RI, SC, TN, TX, VA, VT, WI and WV.  Longhorn is a subsidiary of Darden Restaurants.  We last reported on this concept on 9/13/11 (4% growth).

Eau Claire, WI-based ERBERT & GERBERT’S SUBS & CLUBS (founded 1988) has increased by 2 units, from 51 to 53 (4% growth).  This is a quick serve sandwich concept, open for lunch and dinner.  Per person price range is $2-$6.  Units seat about 30 and offer catering service.  Units are franchised and trade in GA, MN, ND, SD, and WI.  We last wrote about this concept on 8/16/11 (9% growth).

Pittsford, NY-based DIBELLA’S SUBS (founded 1918) has increased by 4 units, from 26 to 30 (15% growth) and entered into CT and IN.  This is a fast casual sandwich shop, open for lunch and dinner.  Per person check average is $4-$10.  Units seat about 30 and offer catering.  Trading areas are CT, IN, MI, NY, OH, and PA.  We featured this concept on 1/24/12 (53% growth).

Prairie Du Sac, WI-based CULVER’S FROZEN CUSTARD & BUTTERBURGERS (founded 1984) has increased by 24 units, from 437 to 461 (5% growth).  The restaurants are fast casual, open for breakfast, lunch and dinner, with a $4-$10 per person check average.  Locations seat about 90.  Stores are franchised and trade in AZ, CO, IA, IL, IN, KS, KY, MI, MN, MO, ND, NE, OH, SD, TN, TX, UT, WI, and WY.  We last wrote about this concept on 1/25/11 (2% growth) and on 11/1/11 (2% growth).

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