Restaurant Chain Growth Report 11/02/16

Growing restaurant concepts emerge with growth by about 5 percent. One of these is a seafood restaurant that saw a growth of 21 percent to 24 percent. Another American cuisine, lunch restaurant increased its overall company from 3 to 4 percent. All of these restaurants are located in the state of New Jersey.

Key Takeaways:

  • Basking Ridge, NJ-based GROWTH RESTAURANTS INC (founded 1972) has increased by 1 unit for the Thirsty Turtle concept, from 1 to 2 (100% concept growth). Other company concepts include Famished Frog (1) and Meadow Wood Manor (1). Overall company increase was from 3 to 4 (33% growth).
  • Plano, TX-based ROYAL CHOPSTIX (founded 2012) has increased by 3 units for the Pho Que Huong concept, from 9 to 12 (33% concept growth). The company also operates the Royal Chopstix concept (5 units). Overall company increase was from 14 to 17 (21% company growth).
  • Plano, TX-based ROYAL CHOPSTIX (founded 2012) has increased by 3 units for the Pho Que Huong concept, from 9 to 12 (33% concept growth). The company also operates the Royal Chopstix concept (5 units). Overall company increase was from 14 to 17 (21% company growth). These quick serve Chinese restaurants are open for lunch and dinner, with a $4-$12+ per person check average. Catering is available. The restaurants are all located in TX.

“Kenner, LA-based BUD’S BROILER (founded 1952) has increased by 1 unit, from 7 to 8 (14% growth).”

http://www.restaurantnews.com/restaurant-chain-growth-report-110216/

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