As of Mar 31, 2014 the company operated 32 Granite City Food & Brewery restaurants in 13 states and 5 Cadillac Ranch All American Bar & Grill restaurants in 5 states.
During fiscal 2014, the company closed a restaurant in Annapolis, Maryland and opened a new restaurant in Napier, Illinois. The company expects to open 3 new restaurants in fiscal 2015.
The company owns the building and leases the land at 9 locations, and leases both the land and the building at 27 locations. The majority of existing leases are "triple net" leases for initial terms of 10 to 20 years, with additional renewal periods.
Restaurants are primarily located in high-activity areas such as retail centers, shopping malls, lifestyle centers, and entertainment centers. The prototypical Granite City restaurant consists of an approximately 9,800 square foot facility, conveniently located just off one or more interstate highways and centrally located within the respective area’s retail, lodging and transportation activity. The average size of Cadillac Ranch restaurants is approximately 10,000 square feet.
|Company-operated restaurant growth||5.7%||0.0%||9.1%||6.5%||19.2%||0.0%|
|Systemwide restaurant growth||5.7%||0.0%||9.1%||6.5%||19.2%||0.0%|
|Avg restaurant gross sq ft||9,800||9,800||9,700||9,600||9,600||9,200|
|Avg restaurant gross sq ft growth||0.8%||1.0%||0.6%||0.2%||4.3%||0.0%|