Content about Fast casual restaurants

September 29, 2014

McAlister's Deli has signed an agreement with new franchise group MidSouth Hospitality Inc. to open 10 locations in Middle Tennessee.

Alpharetta, Ga. - McAlister's Deli has signed an agreement with new franchise group MidSouth Hospitality Inc. to open 10 locations in Middle Tennessee. Led by McAlister's veteran Charles Corley, MidSouth Hospitality will be opening its first McAlister's in early 2015.

The newly formed company plans to open a total of 10 new restaurants during the next seven years.

September 22, 2014

McAlister's Deli has signed an agreement with existing franchise group Southern Deli Holdings LLC to open 10 additional locations throughout North and South Carolina, Colorado and Wyoming, with three locations slated to open in late 2014.

Alpharetta, Ga. - McAlister's Deli has signed an agreement with existing franchise group Southern Deli Holdings LLC to open 10 additional locations throughout North and South Carolina, Colorado and Wyoming, with three locations slated to open in late 2014. In addition, the franchise group recently acquired seven existing locations in St. Louis.

The new development commitments will result in two new restaurants per year during the next five years.

September 8, 2014

Panera Bread would like its customers to leave their guns at home.

New York -- Panera Bread would like its customers to leave their guns at home. The bakery-cafe chain joined a handful of other high-profile retailers, including Starbucks, Chipotle, and Target, to make the request.  

August 26, 2014

Muscle Maker Grill, a fast-casual restaurant franchise that serves freshly prepared health-conscious meals, will be opening 22 new locations throughout the country, which will raise the number to more than 75 units.

Colonia, N.J. -- Muscle Maker Grill, a fast-casual restaurant franchise that serves freshly prepared health-conscious meals, will be opening 22 new locations throughout the country, which will raise the number to more than 75 units.

Recent store openings include Las Vegas, Dallas, a third location in Connecticut, located in Hamden and a second location in Staten Island, New York. An additional 22 new franchises will result in the development of restaurants across the country, from California to New York.

 

August 13, 2014

Winick Realty Group has leased 2,200 sq. ft. for Chipotle Mexican Grill at 222 Market Street.

New York — Winick Realty Group has leased 2,200 sq. ft. for Chipotle Mexican Grill at 222 Market Street, part of the RockPlaza Lofts residential and commercial development in Newark, New Jersey.

Chipotle is the first national quick-service restaurant to open in Downtown Newark in decades, according to Winick. The new unit is located near Seaton Hall University Law School and the Prudential Center, home of the NHL hockey team New Jersey Devils.

 

August 4, 2014

Panera Bread Company announced that Roger Matthews, executive VP and CFO, has resigned his position to pursue other opportunities.

St. Louis -- Panera Bread Company announced that Roger Matthews, executive VP and CFO, has resigned his position to pursue other opportunities.

Effective Aug. 6, Bill Moreton, executive vice chairman of Panera Bread, will serve as interim CFO as the company conducts a search for a full-time replacement. Moreton has previously held the positions of CEO, co-chief executive officer and CFO of Panera Bread. Matthews will transition his remaining duties through the end of August.

June 24, 2014

The store is generally considered to represent the “last mile” of the retail supply chain. In recent years, retailers have focused on making this final, crucial step as easy and convenient for customers as possible. The emergence of leading-edge digital technologies has allowed retailers even further opportunity to turn paying for goods into a fast, seamless process.

Following are a few examples of how retailers are reinventing how products are checked out and payments are processed.

June 13, 2014

Panera Bread Company has secured a five-year $100 million term loan from Bank of America, Wells Fargo and TD Bank.

St. Louis — Panera Bread Company has secured a five-year $100 million term loan from Bank of America, Wells Fargo and TD Bank. Proceeds from the loan will be used for general corporate purposes, including a range of growth initiatives such as the rollout of the Panera 2.0 in-store technology initiative.

May 2, 2014

PizzaRev opened a concept test kitchen in Los Angeles in April 2012. Today, it has nine company-owned restaurants with 19 more company and franchised stores on the way.

“This isn’t just about our growth, but also growth in the fast casual pizza space,” said Irv Zuckerman, co-CEO of PizzaRev. In fact, the fast casual pizza space is much bigger than it was two years ago when PizzaRev opened its first concept. New concepts from well-known brands, such as Chipotle’s Pizzeria Locale, have opened up within the last year.

April 18, 2014

Chipotle Mexican Grill said it will hike prices for the first time in three years, saying that customer loyalty will insulate the chain from pricing fallout.

Denver -- Chipotle Mexican Grill said it will hike prices for the first time in three years, saying that customer loyalty will insulate the chain from pricing fallout.

New menu boards reflecting the 3%-5% higher prices will be in place at all restaurants by this summer, said Chipotle.

April 10, 2014

Panera Bread has unveiled a series of integrated technologies to enhance the customer experience at its restaurants.

St. Louis - Panera Bread has unveiled a series of integrated technologies to enhance the customer experience at its restaurants. The new “Panera 2.0” initiative brings together new capabilities for digital ordering, payment, operations and consumption for patrons who choose to eat in as well as for those who order to go. In test for several years, the solution is now live in 14 of the chain’s locations and is slated to be deployed in nearly all locations over the next 36 months.

March 24, 2014

McAlister's Deli has partnered with several lenders for franchise expansion nationwide.

Alpharetta, Ga. -- McAlister's Deli has partnered with several lenders for franchise expansion nationwide. First Franchise Capital, Balboa Capital and Franchise America Finance have committed to financing new construction and remodels, as well as POS upgrades and equipment.

In 2014, McAlister's will celebrate its 25th anniversary and expects to open 25 new restaurants in new and existing markets, including in Ohio, Texas, Pennsylvania, Wyoming, Arizona, New Mexico, Virginia and Florida, among others.

January 28, 2014

McAlister's Deli has partnered with Buxton to identify the best market opportunities for continued growth. Buxton's restaurant expertise and Scout platform will allow McAlister's to quantify growth potential and optimize locations of new and existing restaurants.

Fort Worth, Texas -- McAlister's Deli has partnered with Buxton to identify the best market opportunities for continued growth. Buxton's restaurant expertise and Scout platform will allow McAlister's to quantify growth potential and optimize locations of new and existing restaurants.

December 19, 2013

Chipotle Mexican Grill announced that it has partnered with restaurateurs Bobby Stuckey and Lachlan Mackinnon-Patterson to launch a fast-casual pizza concept called Pizzeria Locale.

New York -- Chipotle Mexican Grill announced that it has partnered with restaurateurs Bobby Stuckey and Lachlan Mackinnon-Patterson to launch a fast-casual pizza concept called Pizzeria Locale.

The format debuted in Denver, and is based on a full-service pizzeria by the same name located in Boulder, Colo. The company is exploring options for second and third locations in Denver, according to the Denver Post.

September 16, 2013

McAlister's Deli announced plans to develop 17 restaurants in Indiana, South Carolina, and Georgia as part of new multi-unit development agreements with two existing franchise groups.

Alpharetta, Ga. -- McAlister's Deli announced plans to develop 17 restaurants in Indiana, South Carolina, and Georgia as part of new multi-unit development agreements with two existing franchise groups.

"We are pleased that our existing franchisees are continuing to expand with McAlister's Deli," said McAlister's Deli president and CEO Frank Paci. "Their commitment to develop demonstrates their confidence in the brand's strength and its ability to provide franchisees with an attractive investment."

August 27, 2013

McAlister’s Deli, a fast casual restaurant, has announced its largest franchise deal so far.

Alpharetta, Ga. — McAlister’s Deli, a fast casual restaurant, has announced its largest franchise deal so far. The Saxton Group has signed an agreement to develop 30 new restaurants in three states over the next six years in Texas, Oklahoma, Kansas, and Missouri. The primary focus will be in the Dallas-Fort Worth and Kansas City markets.

Three locations included in the agreement have already opened in Midwest City, Okla., Dallas and Sherman, Texas.

McAlister’s has more than 320 restaurants in 23 states.

 

July 18, 2013

According to Technomic's Top 150 Fast-Casual Chain Restaurant Report, fast casual makes up just 14% of the total $223 billion limited-service restaurant segment, but its sales continue to outpace other operators.

Chicago -- According to Technomic's Top 150 Fast-Casual Chain Restaurant Report, fast casual makes up just 14% of the total $223 billion limited-service restaurant segment, but its sales continue to outpace other operators. Fast-casual sales increased 13% in 2012, and the largest chains — those which each made more than $325 million last year — did even better, growing by 16%.

July 9, 2013

Chipotle Mexican Grill has opened at Orange Plaza, an 815,000-sq.-ft. Middletown, N.Y. power-center owned by National Realty & Development Corp.

Purchase, N.Y. -- Chipotle Mexican Grill has opened at Orange Plaza, an 815,000-sq.-ft. Middletown, N.Y. power-center owned by National Realty & Development Corp.

Orange Plaza’s anchors include a Wal-Mart Supercenter, The Home Depot, Kohl’s Department Store, Burlington Coat Factory, Marshalls, Bed Bath & Beyond and Staples.

The center draws shoppers from a 12-mile radius with a population of more than 157,000. Approximately 20,000 of the 46,000 vehicles passing the center every day are shopping center destination trips.

April 23, 2013
Panera Bread Company said that chairman and co-CEO Ron Shaich will once again serve as the company's sole CEO starting on Aug. 1.

St. Louis -- Panera Bread Company on Tuesday said that chairman and co-CEO Ron Shaich will once again serve as the company's sole CEO starting on Aug. 1. Bill Moreton, who currently serves as co-CEO and president, plans to transition to an executive vice chairman role in order to spend more time on a family matter.

Moreton commented: "As a result of this family matter, I have found myself unable to travel and am now clear I will be challenged to fully execute my responsibilities as president and Co-CEO of Panera Bread.”

April 1, 2013

In the second installment of a case study series, CSA Online continued to offer an insider’s look at the conception and initial rollout of the southern Calif.-based fast-casual concept PizzaRev.

In the second installment of a case study series, CSA online continued to offer an insider’s look at the conception and initial rollout of the southern Calif.-based fast-casual concept PizzaRev. Likened to “the Chipotle of pizza,” this innovative chain lets customers choose from an artisanal array of toppings to craft their own pizzas. A test kitchen in Northridge, Calif., was launched in April 2012 and three additional locations soon followed.

February 5, 2013

Panera Bread Company announced that Roger C. Matthews, Jr., has been appointed Panera's EVP and CFO, effective March 18.

St. Louis -- Panera Bread Company announced that Roger C. Matthews, Jr., has been appointed Panera's EVP and CFO, effective March 18.

Matthews most recently served as managing director and sector head of the U.S. Restaurant Industry in Goldman Sachs' Investment Banking Division.

Pat Kelly, who has served as Panera's Interim CFO since April 2012, will remain in place until the end of March to ensure a smooth transition.

 

August 15, 2012

SRS Real Estate Partners announced that FreeBirds World Burrito has selected seven new locations slated to open in Central California later this year.

Dallas -- SRS Real Estate Partners announced that FreeBirds World Burrito has selected seven new locations slated to open in Central California later this year.
 
The seven sites in California are located in Sacramento, Tracy, Fresno, Clovis, Turlock, and two sites in Modesto, and all were acquired from Qdoba franchisee 4G Management. All locations will be converted to company owned and operated units and range from 2,000 sq. ft. to 4,000 sq. ft.
 

March 16, 2012

Panera Bread Co. announced that founder and executive chairman, Ron Shaich, and president and CEO, Bill Moreton, will become co-CEOs, effective immediately.

St. Louis -- Panera Bread Co. announced that founder and executive chairman, Ron Shaich, and president and CEO, Bill Moreton, will become co-CEOs, effective immediately.

The announcement formalizes a relationship that has evolved over the last year and is a reflection of the way in which Shaich and Moreton have been operating as partners, the company said.

Each individual's formal title will be as follows: Ron Shaich, chairman of the board and co-CEO; Bill Moreton, president and co-CEO.

February 3, 2012

Chipotle Mexican Grill expects to open 155–165 new Chipotle locations in 2012.

Denver -- Chipotle Mexican Grill expects to open 155–165 new Chipotle locations in 2012.

"While this is more restaurants than we've ever opened in a single year, we are confident," said co-CEO Montgomery Moran in the company’s fourth-quarter earnings call. Moran cited the "quality of what's in the real estate pipeline."

 

November 23, 2011

Jacksonville, Fla.-based Regency Centers said that Chipotle Mexican Grill will open a new restaurant at Corbin’s Center, located in West Hartford, Conn.

West Hartford, Conn. -- Jacksonville, Fla.-based Regency Centers said that Chipotle Mexican Grill will open a new restaurant at Corbin’s Center, located in West Hartford, Conn.

The 3,500-sq.-ft. restaurant is slated to open October 2012.

Corbin’s Center, at 186,163 sq. ft., is anchored by Trader Joe’s alongside national retailers such as Best Buy, Old Navy and Toys “R” Us.