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Restaurant Trends - Growing And Emerging Concepts - Data reflects change and activity from June 27, 2008 to October 27, 2008
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Update from Restaurantchains.net on growing and emerging restaurant concepts |
Growing Concepts that have grown by at least 5% (if less than 50 units).
Charlotte, NC-based SHOWMAR'S RESTAURANT (founded 1982) has increased by 3 units, from 27 to 30 (11% growth). These are family/casual restaurants, serving American cuisine. Meal periods are breakfast, lunch and dinner. Per person check average is $6-$15+. Locations have a full bar and seating for about 100. Catering is available. Trading areas are NC and SC.
Severna Park, MD-based WINGS TO GO (founded 1985) has increased by 4 units, from 76 to 80 (5% growth) and entered into CA. These quick serve chicken restaurants are open for lunch and dinner, with a $4-$10 per person check average. Beer is served. Seating is for about 30. Catering and delivery are available. Trading areas are AL, AR, CA, DC, DE, IN, LA, MD, NC, NJ, OH, OK, PA, RI, TX, and VA, with a WV location to open later this year. More than 90% of the units are franchised.
Flushing, MI-based COFFEE BEANERY (founded 1976) has increased by 11 units, from 100 to 111 (11% growth) and entered into 3 states (CO, MN, and WI). These are take-out coffee shops, open for breakfast, lunch and dinner hours. Per person check is $2-$6. Trading areas are AR, AZ, CO, CT, DE, FL, GA, IL, IN, KY, LA, MD, MI, MN, MS, NC, NJ, NY, OH, PA, SC, TN, TX, VA, WI, Guam, Puerto Rico, China and the Middle East. More than 90% of stores are franchised.
DEWEY'S PIZZA based in Cincinnati, OH (founded 1998) has increased by 1 unit, from 15 to 16 (7% growth). These are family/casual pizza restaurants serving beer and wine. Seating is for about 90. Banquets are offered. Locations are in KY, MO and OH.
WHITESPOT RESTAURANTS of Vancouver, BC (founded 1928) has increased by 2 units for their Whitespot concept, from 60 to 62 (3% growth). There is a second concept with 43 units called Triple O's. Overall company increase from 103 to 105. Locations are family/casual with full bar. Seating is for about 150. The check average is around $4-$20+ per person. Locations are about 50% franchised and are in AB and BC.
54TH STREET GRILL & BAR based in Kansas City, MO (founded 1990) has increased by 1 unit, from 13 to 14 (8% growth). These are family/casual restaurants with full bar. Seating is for around 200. The check average is around $6-$15+ per person. Locations are in IL, KS and MO.
HYDE PARK RESTAURANT GROUP headquartered in Beachwood, OH (founded 1988) has increased by 1 unit for their Hyde Park Prime Steakhouse concept, from 11 to 12 (9% concept growth) and expanded into NY. These are upscale steakhouses with full bar and seating for about 175. The check average is around $15-$50+ per person. Catering and banquets are offered. The company has two other 1 unit concepts: Blake's Seafood Restaurant & Bar and The Metropolitan Café. Overall company growth is from 13 to 14 (8% company growth). Locations are in FL, NY, OH and PA.
Concepts with 20 units or less who grew by at least 2 units.
CAFE RIO based in Salt Lake City, UT (founded 1997) has increased by 2 units, from 19 to 21 (11% growth). These are fast casual Mexican restaurants with seating for about 100. The per person check average is around $3-$8. Catering is offered. Locations are in AZ, NV and UT.
Concepts previously written about in the past 18 months.
Columbus, OH-based BRAVO DEVELOPMENT INC (founded 1981) has increased by 3 units for the Bravo Cucina Italiana concept, from 39 to 42 (8% concept growth) and by 1 unit for Brio Tuscan Grille, from 28 to 29 (4% concept growth). The Brio concept has now entered into the state of CO. Bravo also operates the 1-unit French concept called Bon Vie. Overall company increase is from 68 to 72 (6% company growth). These are upscale Italian restaurants, open for lunch and dinner. Per person check average is $15-$30+. Catering and private party facilities are available. Trading areas are AL, AZ, CO, FL, GA, IA, IL, IN, KS, KY, LA, MI, MO, NC, NJ, NM, NV, NY, OH, OK, PA, TN, TX, VA, and WI. We wrote about this concept on 10/23/07 (8% growth), 2/12/08 (5% growth), and on 6/17/08 (6% growth).
Dallas, TX-based DICKEY'S BBQ PIT (founded 1941) has increased by 6 units, from 90 to 96 (7% growth) and entered into MD. We wrote about this concept 4 times previously (6/19/07-14% growth, 11/20/07-5% growth, 4/22/08-10% growth, and 7/29/08-6% growth). This is a fast casual bbq concept, open for lunch and dinner, with a $6-$12 per person check average. Beer and wine are served and seating is for about 150. Catering is available. Trading areas are AZ, CA, CO, GA, IA, MO, MS, NC, NM, OH, PA, TN, TX, and VA. More than 90% of units are franchised.
Tampa, FL-based MELTING POT (founded 1975) has increased by 4 units, from 133 to 137 (3% growth) and entered into RI. These upscale fondue restaurants are open for dinner only, with a $15-$50+ per person check average. Seating is for about 200. All locations have a full bar. Private party facilities are available. Trading areas are AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, and WI. More than 90% of the restaurants are franchised. We featured this concept on 7/2/07 (5% growth) and again on 2/26/08 (8% growth).
Tustin, CA-based MIMI'S CAFÉ (founded 1978) has increased by 8 units, from 132 to 140 (6% growth). We wrote about this concept on 10/2/07 (6% growth) and on 8/5/08 (5% growth). These are family/casual restaurants, open for breakfast, lunch and dinner, with an $8-$20 per person check average. Locations have a full bar and seating for about 200. Trading areas are AR, AZ, CA, CO, FL, GA, IL, KS, KY, MD, MO, NC, NE, NM, NV, OH, OK, SC, TN, TX, UT, and VA. Mimi's Café is a subsidiary of Columbus, OH-based Bob Evans Farms Restaurants (NASDAQ: BOBE).
Saanichton, BC-based SARPINO'S PIZZERIA (founded 1972) has increased by 5 units, from 78 to 83 (6% growth). These family/casual pizza restaurants are open for lunch and dinner. Seating is for about 40. Beer and wine are served. Online ordering, delivery, and private party services are available at most locations. Trading areas are AB, BC, IA, IL, KS, MB, MN, SK, TX, Asia, Australia, and the Middle East. A Toronto, ON location is scheduled to open soon. We wrote about this concept on 7/22/08 (11% growth). More than 90% of units are franchised
J ALEXANDER'S based in Nashville, TN (NASDAQ: JAX - founded 1991) has increased by 3 units, from 30 to 33 (10% growth) and expanded into AZ. These are family/casual restaurants with full bar. Seating is for about 300. Catering is offered. The check average is around $10-$30 per person. Locations are in AL, AZ, CO, FL, GA, IL, KS, KY, LA, MI, OH, TN and TX. We wrote about this concept in our 10/23/07 newsletter when they had (7% growth).
BUFFALO WINGS & RINGS newly located in Cincinnati, OH (founded 1988) has increased by 7 units, from 36 to 43 (19% growth) and expanded into WI. These are family/casual restaurants with full bar. Seating is for about 200. The check average is around $6-$15+ per person. Catering is offered. Locations are more than 90% franchised and are in AZ, CA, FL, IL, IN, KY, MI, NC, NY, OH, SD, TX and WI. We reported on this concept 3 times in previous newsletters, 7/10/07 (29% growth), 10/16/07 (25% growth) and 8/19/08 (44% growth).
Contact
Keith Gellman
Restaurantchains.net
1 Bridge St, Unit 94
Irvington, NY 10533
914-591-4297
http://www.restaurantchains.net
[email protected]
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