| Edmond,
OK-based CITY BITES has opened 3 units, from
16 to 19 (19% growth). The units are fast casual sandwich
shops, open for breakfast, lunch and dinner, with
a per person check average of $3-$8. Shops seat about
60. Catering is available. All locations are in OK.
Vancouver, BC-based FRESHSLICE PIZZA (founded
1999) has opened 2 units, from 8 to 10 (25% growth).
The pizzerias are take-out/delivery only, open for
breakfast, lunch and dinner hours. Online ordering
is available on the company's website. About 10% of
locations are franchised. All units are in BC, Canada.
Scottsdale, AZ-based PF CHANG'S CHINA BISTRO
(NASDAQ: PFCB; founded 1993) has increased by 8 units
for the PF Chang's concept, from 152 to 160 (5% concept
growth) and 18 units for the Pei Wei Asian Diner concept,
from 107 to 125 (17% concept growth). The company
also operates a third concept called Taneko Japanese
Tavern (1 unit). Overall company increase was from
260 to 286 (10% company growth). Pei Wei restaurants
have entered into 7 new states (AR, KS, MI, MO, OH,
RI, and VA). This company was previously featured
in our 2/27/07 newsletter (16% company growth). The
restaurants are family/casual Asian concepts, with
a full bar and seating for about 250. Check average
is about $10-$30 per person. Meal periods are lunch
and dinner. All locations are company owned and operated.
Trading areas are: AL, AR, AZ, CA, CO, FL, GA, HI,
IA, ID, IL, IN, KS, 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.
New York, NY-based LE PAIN QUOTIDIEN (founded
1994) has opened 7 units, from 71 to 78 (10% growth).
The restaurants are fast casual French bakery cafes,
with seating for about 50. Meal periods are breakfast,
lunch and dinner. Check average is about $6-$12 per
person. Catering is available. Trading areas are CA
and NY, with the majority of locations operating internationally.
Washington, DC and Toronto, ON units are planned for
this fall.
Palmdale, CA-based RED BRICK PIZZA (founded
1998) has increased by 6 units, from 63 to 69 (10%
growth). We last featured this concept in our 9/19/06
newsletter, as having had a 5% growth during that
period and entering into OR. The restaurants are fast
casual pizzerias, open for lunch and dinner, with
seating for about 60. Beer and wine is served. Delivery
and online ordering service are available on the company's
website. Locations are in the states of AZ, CA, FL,
NM, NV, OR, and TX. All units are franchised.
IT'S A GRIND COFFEE HOUSE based in Long Beach,
CA (founded 1994) has increased by 7 units, from 106
to 113 (7% growth) and expanded into KS. This is our
4th exposure for this company in our newsletter in
the past 12 months. The company has increased by 28
units, from 85 to 113 units over the last 3 periods
(33% one-year growth). These are quick serve coffeehouses
serving breakfast, lunch and dinner. Seating is for
about 40 and catering is offered. Locations are more
than 90% franchised and located in AZ, CA, CO, CT,
FL, GA, KS, KY, MI, MO, NC, NJ, NV, TN, TX, and UT.
SALT CREEK GRILL headquartered in Fountain
Valley, CA (founded 1995) has opened a new location
in Princeton, NJ, increasing from 4 to 5 units (25%
growth). Locations are upscale steak and seafood restaurants.
Seating is for about 150 with catering and banquets
offered. The check average is about $30-$50+ per person.
Locations are in CA and NJ.
MR MIKE'S STEAKHOUSE & BAR based in Vancouver,
BC (founded 1960) has increased by 1 unit, from 9
to 10 (11% growth). These are family/casual restaurants
with full bar and seating for around 200. The check
average is around $30 per person. Locations are more
than 50% franchised and located in AB and BC, Canada.
HURRICANE GRILL AND WINGS headquartered in
Stuart, FL (founded 1995) has increased by 4 units,
from 17 to 21 (24% growth) and expanded into GA. These
are family/casual restaurant. Seating is for about
125 and beer and wine is offered. The per person check
average is around $6-$12 per person. Locations are
more than 90% franchised and are in located in FL
and GA. There are plans to expand into NV this Fall.
This company ranked #5 on our April '07 top 10 fastest
growing concepts list.
OBERWEIS DAIRY of North Aurora, IL (founded
1951) has increased by 3 units, from 42 to 45 (7%
growth). These are ice cream stores with seating for
around 20 and a per person check average of around
$3-$5 per person. Locations are in IL, IN, MO and
WI. The company also offers wholesale products and
online shopping.
To see the additional four growth stories including
companies who have decreased units, please click here
for subscription
information.
Or call us at 1-914-591-4297. |
