|
Food Retailers Expanding Nationwide
|
|
|
Food Retailers Expanding NationwideLa Belle Management Inc. trades as Bennigan’s at 12 locations throughout MI. The restaurants occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations and malls. Plans call for three openings during the coming 18 months. Land requirements are 1.5 to two acres. Expansion will take place in MI. Leases running five years are typical. Preferred co-tenants include TGI Friday’s and Applebee’s. Demographic requirements include a population of 50,000 residing within three miles earning $50,000 as the average income. For more information, contact Brad Hanson, La Belle Management Inc., 405 S. Mission Street, Mount Pleasant, MI 48858; 517-772-2902, Fax 517-773-7521.
Southeast Food Service Corp./Coastline Food Service Corp. trades as Wendy’s at 85 locations nationwide. The fastfood restaurants occupy spaces of 3,100 sq.ft. in freestanding locations, and 30,000 sq.ft. is the land area requirement. Plans call for eight openings during the coming 18 months. Expansion will take place in the existing markets. For more information, contact James Karnes, Southeast Food Service Corp./ Coastline Food Service, 9041 Executive Drive, Suite 300, Knoxville, TN 37923; 865-691-1393, Fax 865-691-1393.
Arabica Cafes, Inc. trades as Arabica Coffeehouse at 29 locations throughout OH. The restaurants, specializing in coffee, beverages and pastry, occupy spaces of 600 sq.ft. to 4,000 sq.ft. in urban/downtown areas, tourist, entertainment, specialty and strip centers. Growth opportunities are sought throughout OH during the coming 18 months. Leases running 10 years are typical. The company cites Starbucks as its competition. Demographic requirements include a population of 20,000 residing within three miles earning $40,000 as the average income. Preferred co-tenants include entertainment retailers in high traffic locations. The company is franchising. For more information, contact Marvin Schwartz, Arabica Cafes, Inc., 4208 Prospect Avenue, Cleveland, OH 44103; 216-361-8787, Fax 216-361-8847.
Coastal Cookie Co., Inc. operates 10 locations in FL, MO and TX. The stores, featuring cookies made from scratch on the premises, occupy spaces of 280 sq.ft. to 800 sq.ft. in malls. Plans call for two openings during the coming 18 months. Expansion will take place in FL and TX. Leases running 10 years are typical. For more information, contact Lloyd Wolf or Susan Lindsey, Coastal Cookie Co., Inc., 8008 Cedar Springs Road, Dallas, TX 75235; 214-350-6614, Fax 214-350-7956.
The Krystal Company trades as Krystal at 386 locations in AL, AR, FL, GA, KY, MS, NC, SC, TN, VA, LA and TX. The fastfood concept occupies 2,200 sq.ft. in freestanding locations on a 40,000 sq.ft. land area. Plans call for 25 openings during the coming 18 months. Expansion will take place in the existing markets, with the exception of VA. Leases running 15 years are typical. Preferred co-tenants include Target and Wal*Mart. Demographic requirements include a population of 25,000 residing within three miles earning $50,000 as the average income. The company describes its average customers as blue collar and aged 12 to 44 years old. The company is franchising. For more information, contact Gary Greve, The Krystal Company, One Union Square, Chattanooga, TN 37402; 423-757-1562, Fax 423-757-5610; Web site: www.krystalco.com; Email: ggreve@krystalco.com.
Huddle House Inc. trades as Huddle House Restaurants at 360 locations in AL, AR, LA, GA, FL, MS, SC, NC, KY, MO, TX, TN, VA and WV. The 24-hour full-service restaurants occupy spaces of 2,000 sq.ft. in urban/downtown areas, freestanding locations, mixed-use, outlet, tourist and strip centers. Plans call for 60 openings during the coming 18 months. Expansion will take place nationwide. Preferred co-tenants include fuel centers and travel plazas. The company is franchising. For more information, contact Cory Durden, Huddle House, Inc., 2969 E. Ponce De Leon Avenue, Decatur, GA 30030; 800-418-9555, Fax 404-377-0497; Web site: www.huddlehouse.com.
The Manhattan Bagel Co. trades as Manhattan Bagel and Chesapeake Bagel at 330 locations in CA, CT, FL, GA, MD, MA, MI, NC, NJ, NY, NV, OH, PA, RI, SC, TX, VA and internationally. The restaurants, specializing in bagels, hot breakfast food, lunch items, cream cheeses, spreads and beverages, occupy spaces of 1,500 sq.ft. to 1,600 sq.ft. in specialty and strip centers. Plans call for 36 openings during the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical. The company cites Duncan Donuts and bagel chains as its competition. The company is franchising. For more information, contact Wayne Barry (East Coast) or Collin Gaffney (West Coast), Manhattan Bagel Co., 246 Industrial Way West, Eatontown, NJ 07724; 732-544-0155, Fax 732-544-1315.
Cutchall Management trades as Popeyes and Sonic at eight locations throughout IA and NE. The restaurants, specializing in fried chicken (Popeyes) or burgers (Sonic), occupy land areas of 50,000 sq.ft. in freestanding locations. Four openings are planned during the coming 18 months. Expansion will take place in NE. The company prefers to purchase its sites, and cites KFC and Burger Boys as competition. Demographic requirements include a population of 15,000 residing within one mile earning $30,000 as the average income. For more information, contact Greg Cutchall, Cutchall Management, 14353 Q Street, Omaha, NE 68137; 402-558-3333, Fax 402-558-1512.
Dynaco Inc. trades as Perko’s Cafe at 73 locations throughout CA. The restaurants occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations, and land requirements are 25,000 sq.ft. to 30,000 sq.ft. Plans call for six openings during the coming 18 months. Expansion will take place in CA. Leases running 15 to 20 years are typical and specific improvements are required. Preferred co-tenants include motels, churches and big box anchors. The company cites coffee shop chains as competition, and describes its typical customers as blue collar, families and seniors. The company is franchising and reports average sales of $400 psf. For more information, contact Phil Parrish, Dynaco Inc., 2246 E. Date Avenue, Fresno, CA 93706; 559-485-8520, Fax 559-485-3704; Web site: www.perkos.com; Email: parrish428@aol.com. Shoney’s Inc. trades as Shoney’s and Captain D’s at 1,800 locations nationwide (34 states) and Canada. The restaurants occupy spaces of 5,500 sq.ft. in freestanding locations. Plans call for seven to fifteen openings during the coming 18 months. Expansion will take place in the southeast. For more information, contact Cindy Morse, Shoney’s Inc., 1727 Elm Hill Pike, Nashville, TN 37210; 615-231-2446, Fax 615-231-2689; Web site: www.realestate.shoneys.com; Email: cindy_morse@shoneys.com.
Bill Bateman’s Bistro trades as Bill Bateman’s Express at five locations throughout MD. The restaurants, featuring carry-out food, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in freestanding locations, college campuses and strip centers. Growth opportunities are sought in MD during the coming 18 months. The company is franchising. The company also trades as Bill Bateman’s Bistro at six locations throughout MD. The restaurants occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding locations, college campuses and strip centers. Growth opportunities are sought in MD during the coming 18 months. The company is franchising. For more information, contact Mark Loundas, Bill Bateman’s Bistro, 63 East Padonia Road, Timonium, MD 21093; 410-252-8181, Fax 410-252-4100.
Claddagh Irish Pub operates three locations throughout IN and OH. The restaurants occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in urban/downtown storefronts and suburban freestanding locations. Plans call for six openings during the coming 18 months. Expansion will take place in CA, FL, IN, IL, MN, OH and WI. Leases running 10 years are typical. The company seeks purchase, lease or build-to-suit deals. Demographic requirements include a population of 250,000 residing within seven miles earning $50,000 as the average income. For more information, contact Brian Epstein, c/o Urban Space, 238 South Meridan Street, Suite 501, Indianapolis, IN 46225; 317-423-1111, Fax 317-423-0527.
Golden Bird Inc. trades as Golden Bird Fried Chicken at six locations throughout CA. The restaurants, specializing in fried chicken, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in urban/downtown areas, freestanding locations, entertainment and strip centers. Plans call for 10 openings during the coming 18 months. Expansion will take place in CA. Leases running five to 10 years are typical. The company cites its competition as KFC and Church’s, and its typical customer as African-American and Latino. For more information contact Alero Mack, Golden Bird, Inc., 4201 Wilshire Boulevard, Suite 621, Los Angeles, CA 90010; 323-954-3555, Fax 323-525-1924.
Vie de France Yamazaki, Inc. trades as Vie de France Bakery & Cafe at 22 locations in VA, MD, CT, MI, IL, CA, FL and Washington, DC. The restaurants, specializing in freshly prepared baked goods and sandwiches occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in strip centers and urban/downtown areas. Plans call for three to four during the coming 18 months. Expansion will take place in Los Angeles; Washington, DC and Northern VA. Leases running 10 years are typical. Preferred co-tenants are Nordstrom’s, Lord & Taylor’s and upscale grocery stores and its typical customer as middle to high income adult over 30 and highly educated. For more information call Skip Couser, Vie de France Yamazaki, Inc. 2070 Chain Bridge Road, Vienna, VA 22182; 703-442-9205, Fax 703-821-2695.
|