RestaurantChains.net Alerts Newsletter
September 26, 2006
Data reflects change and activity during the most recent four-month period from:
05/24/06 to 09/24/06
A free weekly newsletter covering public and
private restaurant chains featuring under-reported unique
facts relating to growth. Pertinent information is
gathered, verified and analyzed in-house using
proprietary methods created in our research and
library departments.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In this issue
* Emerging concepts
* Units increased/Trading area expansion
* Units decreased
* Restaurant Incubator Index
* Feedback please
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Emerging concepts
NOT YOUR AVERAGE JOES, a Dartmouth, MA-based,
family style restaurant chain (founded in 1994), has
increased by 2 locations during the period, from 12
to 14 locations (17% growth). The restaurants serve
American style cuisine, and are open for lunch and
dinner, with a full bar. All locations are located
in MA.
Greensboro, NC-based LIBBY HILL SEAFOOD
RESTAURANTS has increased 2 units, from 11 to 13
units (18% growth) during the period. Restaurants
are family style and moderately priced ($6-$15+ per
person), and do not serve alcohol. Units average
about 200 seats (5000 sq feet) and banquet services
are offered. Restaurants are located in the states
of VA and NC. Locations are available through
license agreements.
DUTCH BROS COFFEE of Grants Pass, OR (founded
in 1992) is continuing to expand. The company has
opened 5 new units (6.3% growth) during the period
in addition to 11 units in the last two periods for
a grand total of 84 units (23.5% one-year growth).
This take-out only coffee shop with a check average
of $1-$4 has units in CA, OR and now trade in WA as
well.
CHEESEBURGER IN PARADISE (Public NYSE:OSI)
based in Tampa, FL. has opened 5 new locations
during the period growing from 32-37 units (16%
growth). The service type is family style with
seating for 250 and have a per-person check average
of $10-$12 per person. Locations are in FL, GA, IL, IN, KS, MD,
MI, NC, NE, NJ, NY, OH, OK, PA, SC, VA and WI. The
parent company is OSI Partners, Inc.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Units increased/Trading area expansion
RI RA IRISH RESTAURANT AND PUB of Charlotte,
NC (founded 1997), has increased 1
unit during the period, from 7 to 8 locations now
open. This new location is in the state of IN, a
new trading state for the company. Other locations
are in MD, ME, NC, NJ, RI, VA, and VT. The
restaurants seat about 150 people (3500 square ft),
with a check average of $10-$30 per person. All
locations are open for both lunch and dinner.
Newport Beach, CA-based FLEMING’S PRIME
STEAKHOUSE (founded in 1998) has opened 2 new
locations, from 40 to 42 locations, and has just
entered into the state of NC. This upscale, steak
and seafood chain seats an average of 250 people
(7000 sq ft) per restaurant, with check averages of
$15-$50+ per person. Locations are open for dinner
only. Banquet service is available at all
locations. Restaurants are located in the states of
AL, AZ, CA, CO, FL, GA, IA, IL, IN, LA, MA, MD, MO,
NC, NE, NJ, NV, OH, OK, TN, TX, UT, and VA. A
Radnor, PA location is also planned for later in the
fall.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Units decreased
SPARE TIME INC, a multi-concept operator in
Chicago, IL has closed 2 concepts (25% closures)
this period: Corner Pocket and Square Kitchen. All
units are family/casual style units that average 250
seats with a full bar and a $6-$12 check average.
Current operating concepts are Daily Bar & Grill
(1), Firehouse Grill (1), Riverview Tavern (1),
Robey Pizza Co (1), Seven Ten (3) and Southport
Lanes (1). All locations are company owned and
located in IL.
</br>
NEW WORLD RESTAURANT GROUP (Public NSDQ:
NWRG.PK founded in 1993) based in Hamilton, NJ, has
decreased 22 units during the period. The Chesapeake
Bagel concept decreased from 6 to 5 units (17%
concept decrease), Einstein Bros Bagels concept from
427 to 418 (2% concept decrease), Manhattan Bagels
concept from 107 to 96 units (11% concept decrease)
and New World Coffee concept from 6 to 4 units (33%
concept decrease). At the same time, the company
has opened 1 unit for the Noah’s Bagel’s concept
from 75-76. There are now a total of 607 locations
in AZ, CA, CO, CT, DE, FL, GA, IN, IL, KS, MA, MI,
MN, MO, NC, NH, NJ, NM, NV, NY, OH, PA, TX, UT, VA,
and WI. Of total locations, 16% of locations are
franchised and 14% are
licensed.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Copyright 2006. All data is a representation of in
house research including the perpetual surveying of
more than 7300 restaurant chain concepts. Publisher
accepts no responsibility for errors or omissions.
Reproduction is allowed, but please give credit.
RestaurantChains.net must be listed as the source.
Media
inquiries are welcome. Please call 914-591-4297.
Keith Gellman
Restaurantchains.net
1 Bridge St
Irvington on Hudson, NY 10533
1-914-591-4297
http://restaurantchains.blogspot.com