| Boisbriand, Quebec-based CHEZ CORA
(founded 1987), has opened 5 units during the
period, from 81 to 86 (6% growth) and expanded
into the province of AB. Other locations are
in MB, NB, NL, NS, ON, PE, and PQ. The restaurants
are family/casual American style cuisine, open
for breakfast and lunch, with a $4-$10 per person
check average. Beer and wine is served. Restaurants
seat about 125. More than 90% of locations are
franchised.
Sandy, UT-based COSTA VIDA FRESH MEXICAN
GRILL (founded 2003), has increased by 4
units, from 16 to 20 (25% growth) and entered
3 new states (CA, OR, TX). This company was
mentioned twice before in our 2/28/06 newsletter
(57% growth) and on 10/24/06 (23% growth). Overall
the company had a one-year increase of 9 units,
from 11 to 20 (82% growth). These fast casual
Mexican restaurants are open for lunch and dinner,
with a $3-$8 per person check average and seating
for about 50. More than 90% of locations are
franchised. Three new locations are planned
(Roseville, CA in May, Loveland, CO and Ogden,
UT in June).
CEDAR RIVER SEAFOOD based in Orange Park,
FL (founded 1986) has opened a new location
in Valdosta, GA. There are now 11 units in this
family/casual seafood chain. The locations seat
about 175 and offer banquet services. The per
person check average is about $10-$30 with beer
and wine served. Locations are in FL and GA.
MODERN MEXICAN RESTAURANTS of New York,
NY has opened a new concept called La Sandia
in Denver CO. Overall the company has increased
by 3 units, from 6 to 9 over the last three
periods (50% one-year growth). Concepts tend
to be upscale with full bar, seating for around
150 and a per person check average of $15-$30+.
Current concepts are Isla (1), La Sandia (1),
Maya (3), Pampano (1), Tamayo (1) and Zengo
(2). Units are in CA, CO, DC, NV and NY.
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