Food Retailers Expanding Nationwide

Golden Corral Corp. trades as Golden Corral Family Steak House at 500 locations nationwide. The buffet-style restaurants occupy spaces of 9,000 sq.ft. to 11,000 sq.ft. in malls and power centers. Plans call for at least 75 openings during the coming 18 months. Expansion will take place nationwide. Demographic requirements include 20,000 households within three miles. The company prefers to acquire property. A land area of two acres is required. The company is franchising.

For more information, contact Gordon Poulsen, Golden Corral Corp., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310, Fax 919-881-4654; Web site: www.goldencorral.net; Email: gpoulsen@goldencorral.net.

For more information, contact Craig Chelo, Chelo’s Restaurant, 1725 Mendon Road, Suite 205, Cumberland, RI 02864; 401-312-6500, Fax 401-312-6501.

Restaurant Sites is representing several restaurant chains with expansion plans in New England. Shorty’s Restaurant operates six locations in MA and NH. The restaurants occupy a space of 6,000 sq.ft. in freestanding locations and power and entertainment centers. Plans call for three openings throughout the existing markets during the coming 18 months. Restaurant Sites also represents Boston Market, which operates 757 locations nationwide. The restaurants occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations and strip centers. Plans call for 12 openings throughout MA and NH during the coming 18 months. The company requires a land area of 40,000 sq.ft. Restaurant Sites also represents Hometown Buffet which operates 450 locations nationwide, and Dakota Steakhouse, an eight-unit chain with locations in CT, NY and VT, as well as Jose Tejas, a five-unit chain with locations in DE, MA and NJ, in addition to Bertucci’s, an 85-unit chain with locations in the eastern and southern regions. Hometown Buffet occupies space of 8,500 sq.ft. in strip centers; Dakota Steakhouse occupies a space of 10,000 sq.ft. in freestanding locations; Jose Tejas occupies a space of 7,000 sq.ft. in freestanding locations and Bertucci’s occupies a space of 4,500 sq.ft. in freestanding locations and endcaps. Plans call for two openings of Hometown Buffet throughout New England during the coming 18 months. Plans call for two openings for Dakota Steakhouse throughout CT, MA and NH; two openings for Jose Tejas throughout MA, MD, NJ and VA and 20 openings for Bertucci’s in the northeast during the coming 18 months.

Hospitality Well Done trades as Dakota’s, Sirloin Saloon, Sweetwaters and Perry’s Fish House at 10 locations in CT, MA, NY and VT. The restaurants occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.

International House of Pancakes trades as IHOP at 985 locations nationwide. The restaurants occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in power, strip, mixed-use, entertainment and specialty centers, urban/downtown areas and malls. Growth opportunities are sought throughout the northeast, Mid-Atlantic, midwest and southeast regions during the coming 18 months. Preferred demographics include a population of 50,000 within three miles earning $38,000 as the average household income. Leases running 25 years with four to five-year options are typical. A vanilla shell and specific improvements are required. The company cites Shoney’s, Big Boy and Bob Evans as competition. The company prefers to cotenant with big-box retailers.

Panera Bread Co. trades as Saint Louis Bread Co. and Panera Bread at 410 locations nationwide. The bread shops occupy spaces of 4,300 sq.ft. to 4,500 sq.ft. in strip, mixed-use and lifestyle centers, malls and freestanding locations. Plans call for 150 to 250 openings nationwide exclusive of northern CA, the Pacific northwest and AZ, LA, MS and UT. A land area of 1.2 acres is required. The company prefers to cotenant with Target, Wal*Mart, supermarkets, and large-format fashion stores and book stores. Leases running 10 years with three five-year options are typical. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the average household income. Sales of $400 to $500 psf have been reported.

MGW Group, Inc. trades as Cookie Bouquet and Cookies by Design at 235 locations nationwide. The cookie shops occupy spaces of 1,200 sq.ft to 1,500 sq.ft. in strip centers. Plans call for 12 to 15 openings nationwide during the coming 18 months. Leases running five years are typical. The company is franchising.

Global Franchise Corp./Franchise Stores R.E. Co. trades as Hot N Fast and Auto Diner at 2,000 locations nationwide and internationally. The quick-serve eateries occupy spaces in urban/downtown areas, freestanding locations, malls, mixed-use, power, outlet, tourist and entertainment centers. Growth opportunities are sought nationwide and internationally during the coming 18 months. Leases running five years are typical. The company is franchising.

Great Harvesting Franchising, Inc. trades as Great Harvest Bread at 184 locations nationwide. The stores, specializing in bread products, occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in freestanding locations, strip and mixed-use centers and urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Leases running five to 10 years plus options are typical. Growth is franchise driven.

Interstate Brands Corp. trades as Butternut Bread, Wonder Bread, Sunbeam Bread, Weber Bread and San Francisco Sourdough at 1,530 locations nationwide. The stores occupy a space of 1,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months.

Jake’s Pizza Enterprises operates 24 locations in AZ and IL. The pizzerias occupy spaces of 1,200 sq.ft. in strip centers. Growth opportunities are sought throughout AZ during the coming 18 months. Leases running five years are typical. The company is franchising.

Gosh Enterprises, Inc. trades as Charley’s Steakery at 160 locations nationwide and internationally. The restaurants, which specialize in cheese steaks and grilled sandwiches, occupy spaces of 600 sq.ft. to 3,000 sq.ft. in malls, strip, entertainment and tourist centers. Plans call for 90 openings throughout the existing markets during the coming 18 months. Leases running 10 to15 years are typical. Sales of $700 psf have been reported. The company cites Steak Escape as competition.

Billy Goat Tavern operates seven locations throughout IL. The restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Plans call for two openings during the coming 18 months. Expansion will take place in San Diego, CA, IL, NY and Washington, DC.

J. Alexander’s Corp. trades as J. Alexander’s at 24 locations in AL, CO, FL, IL, KS, KY, LA, MI, OH, TN and TX. The casual restaurants, specializing in mesquite-grilled seafood, steaks and chicken, occupy spaces of 7,400 sq.ft. in freestanding locations. As many as two openings are planned during the coming 18 months. Expansion will take place in Chicago, IL.