As of Feb 28, 2017, the company operated 82 restaurants in 16 states.
In fiscal 2016, the company opened 10 net new restaurants. In fiscal 2017, the company plans to open 12 to 14 restaurants. Over the next 5 years, the company expects to grow the restaurant base by 20% annually.
All restaurants are leased, typically with initial lease terms of 10 or 15 years, with two to four 5-year extension options.
As of Feb 28, 2017, among 92 leased locations, including locations expected to open in 2017, there were 78 free-standing restaurants and 14 end-cap or in-line restaurants in Class A locations. End-cap restaurants are highly visible locations at one of the ends of a retail development, whereas in-line restaurants are locations that are between multiple retail locations within a development. Class A locations are upscale properties with easily identifiable locations and convenient access that are surrounded by other upscale properties. Restaurants range in size from approximately 5,300 to 12,200 square feet, averaging approximately 8,800 square feet (including patio space) with seating capacity for approximately 225 to 400 customers.
|Company-operated restaurant growth||14.3%||14.3%||18.6%||18.0%||28.2%||25.8%|
|Systemwide restaurant growth||14.3%||14.3%||18.6%||18.0%||28.2%||25.8%|
|Avg restaurant gross sq ft||8,800||8,800||8,800||8,700||7,700||7,700|
|Avg restaurant gross sq ft growth||0.0%||0.0%||1.1%||0.0%||0.0%||0.0%|