| Los
Angeles, CA-based INTERNATIONAL COFFEE &
TEA CO (founded 1963), has increased by
43 units during the period, from 457 to 500
(9% growth). These quick serve coffee shops
are open for breakfast lunch and dinner, with
a $2-$6 per person check average. Locations
have seating for about 20. Trading areas are
AZ, CA, and NV, with multiple locations worldwide.
The company franchises internationally and in
Las Vegas.
Trevose, PA-based RITA'S ITALIAN ICE
(founded 1984), has increased by 34 units, from
402 to 436 (8% growth). This company was previously
featured in our 11/28/06 newsletter (11% growth).
Restaurants are mostly take-out, Italian ice
and frozen custard shops. Locations are open
for lunch and dinner hours, with a $2-$6 per
person check average. Units are about 1000 sq
ft. Trading areas are CT, DC, DE, FL, MD, NJ,
NY, OH, PA, RI, SC, VA, and WV, with 2 NC locations
opening soon. More than 90% of locations are
franchised.
Rosemead, CA-based PANDA RESTAURANT GROUP
INC (founded 1983), has opened 66 units
for their Panda Express concept, from 859 to
925 (8% concept growth) and 1 unit for the Hibachi
San concept, from 26 to 27 (4% concept growth).
Overall company expansion was from 890 to 957
total units (8% company growth). The company
also operates a 5-unit Panda Inn concept in
CA. The restaurant group also closed one Panda
Express unit in NH, pulling out of that state.
They also entered into the state of NE. Hibachi
San and Panda Express are fast casual Asian
restaurants, with a $3-$8 per person check average,
open for lunch and dinner. They are mostly located
in mall food courts. Panda Inn locations are
upscale, with full bar and seating for 100+.
Catering is available at all concepts; banquet
rooms at Panda Inn. Restaurants are in the states
of AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, IN,
KS, MA, MD, ME, MI, MN, MO, NC, NE, NJ, NM,
NV, NY, OH, OR, PA, RI, TN, TX, UT, VA, WA,
and WI. All units are company owned and operated.
Rockville, MD-based CALIFORNIA TORTILLA (founded
1995), has opened 5 units during the period,
from 21 to 26 (24% growth). This chain was previously
noted in our 7/19/06 newsletter (12% growth).
These fast casual Mexican restaurants are open
for lunch and dinner (a few locations serve
breakfast), with a $4-$10 per person check average,
and seating for about 60. Beer and wine is served.
Units are located in the states of DC, DE, MD,
and VA, with 1 PA and 2 FL locations planned
for later this year. Eighty-eight percent of
locations are franchised. Catering is available
at all locations.
To
view the contact personnel, company particulars
and the additional 10 stories this week,
please follow this link to subscription information.
|
