Market Trends

Fast-casual concept is catching on in the restaurant biz

August 29, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Fast-casual restaurant concepts are among the fastest-growing U.S. companies, says this year's Inc. 500, a list of the fastest-growing, privately-held U.S. companies according to percentage revenue growth from 2008 to 2011.

A few quick-service brands such as Rita's Italian Ice and Bojangles were represented on the list, but as with 2011, most of the restaurants represented were part of the fast-casual segment. Smashburger, based in Denver, was 99th overall last year, but is at number 405 this year, with a three-year growth of 928%. The better-burger chain's 2011 revenue was $53.1 million, compared to $5.2 million in 2008. It was founded in 2007.

Numerous restaurant brands and franchise groups that made the top 500 list include:

At number 1094, Utah-based Heirloom Restaurant Group has grown by 290% with $2.4 million in revenues in 2011. The company manages the Communal, Pizzeria Seven Twelve and Mountain West burrito restaurant groups.

San Francisco-based Paxti's Pizza, with 271% growth in three years, ranked number 1,161. The restaurant specializes in Chicago-style, deep-dish pizza and has several locations in the Bay Area.

Genghis Grill Franchise Concepts, at number 1,290, has grown by 240%. The Dallas-based company's 2011 revenues were $100.1 million, compared to $29.5 million in 2008. The restaurant specializes in "build-your-own" Asian stir-fry and exhibition-style cooking.

Dallas' Dickey's Barbecue Restaurants' revenues jumped from $66.2 million in 2008 to $175.2 million in 2011, a 164% increase. The company, ranked at number 1,734, offers slow-smoked meats and home-style side dishes.

Texas' Wingstop experienced a 50% jump and 2011 revenues of $44 million, good enough to finish at number 3,605 on Inc.'s list.

To qualify for the list, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately-held, for profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2011. The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. Companies on the Inc. 500 are featured in Inc.'s September issue and online.

Source: www.fastcasual.com

Did you enjoy this article? Click here to subscribe to Snack Food & Wholesale Bakery Magazine 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Bakery of the Year: Capistrano's Wholesale Bakery, Phoenix AZ

Here’s a look at Capistrano’s Bakery, our 2014 Bakery of the Year.

11/7/13 2:00 pm EST

Food Plant of the Future: The Future of Wastewater Management

Available On-Demand Effective management of wastewater is becoming increasingly critical to food and beverage processors as the cost for incoming water increases...

Snack Food & Wholesale Bakery Magazine

Cover Image

2014 September

September's Snack Food & Wholesale Bakery publication features on defining whole -grain foods, as well as a special feature on the 2014 Bakery of the Year: Capistrano's Wholesale Bakery!

Table Of Contents Subscribe

Favorite Birthday Cake Flavor

September is the most popular birthday month, according to flavor expert McCormick & Co., which celebrates its 125th birthday this year. What’s your favorite birthday cake flavor?
View Results Poll Archive

THE SNACK AND BAKERY STORE

organic-production-&-food-q.gif
Organic Production and Food Quality: A Down to Earth Analysis

Effects of Organic Production on Food Quality is the first comprehensive book on how organic production methods influence the safety and quality of foods, based on an unbiased assessment of the latest scientific findings.  The title is a 'must-have' for everyone working within the food industry.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

The Weekly Mix

Operations Weekly Logo

Written by Snack Food & Wholesale Bakery editors, our Operations Weekly weekly enewsletter provides bakers and snack food manufacturers with up-to-the-minute news, ideas and industry trends.

Sign up today!

STAY CONNECTED

Facebook IconTwitter IconYoutube IconLinkedIn Icon