Tuesday, March 28, 2006

Quick Casual and Bodacious

Chains that are developing today do it fast and reasonable. An example of a casual chain is Applebee’s with more than three new locations opening each week in the past months and years. Subway on the quick service side opens more than 30 locations each week in the U.S. alone. We have just begun to look at this, but looking at the new counts of developing chains we estimate new openings are 55-65% to be quick service or fast casual, 30-35% casual or family style and 5-10% upscale. The 100 seat family or upscale restaurant is showing signs of a disappearing profile. To develop quickly today we are seeing full service locations that are large and bodacious or small to mid-size with a quick service approach.

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