| Deerfield, IL-based COSI SANDWICH
BAR (NASDAQ: COSI, founded 1999) has
opened 15 units during the period, from
118 to 133 (13% growth). The company was
previously featured in our 11/21/06 newsletter
(19% growth). Stores are fast casual sandwich
shops, serving a full bar with a $4-$10
per person check average. Locations are
open for breakfast, lunch and dinner, with
seating for about 80. Catering and online
ordering are available. Trading areas are
CA, CT, DC, FL, IL, KY, MA, MD, MI, MN,
NJ, NY, OH, PA, VA, WA, and WI. 15% of locations
are franchised.
Charlotte, NC-based BOJANGLES' FAMOUS
CHICKEN & BISCUITS (founded 1977),
has opened 19 units, from 352 to 371 (5%
growth). This company was mentioned in our
6/27/06 newsletter (3% growth). These quick
serve chicken restaurants are open for breakfast,
lunch and dinner, with a $2-$6 per person
check average. Seating is for about 50.
Locations are in AL, FL, GA, MD, NC, NY,
PA, SC, TN, VA, Honduras, and Mexico. More
than 60% of units are franchised.
Columbus, MS-based EAT WITH US (founded
1982) has opened 2 units for its Sweet Peppers
concept, from 8 to 10. Overall company growth
is from 15 to 17 (13% company growth). Sweet
Peppers locations are fast casual, with
a $3-$8 per person check average and seating
for about 80. The company also operates
Bulldog Deli (1), Grill (2), Harvey's (3),
and Park Heights (1). Park Heights is fine
dining, while Grill and Harvey's are family
style grill and bar restaurants. Banquet
service is available at Harvey's and Park
Heights. Catering is offered at Sweet Peppers.
Trading areas are AL, MS, and TN. About
30% of locations are franchised. A new Grill
location is planned to open in Tupelo, MS
this summer.
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