Real Estate
As of Mar 27, 2018, the company operated 204 restaurants in 11 states, including 18 franchise locations.
In fiscal 2017, 32 company-operated restaurants were opened as well as 6 franchised locations. The company opened 13 stores systemwide in the first three months of fiscal 2018. In fiscal 2018, the company expects to open 30 company-operated restaurants and 6 to 8 franchised/licensed restaurants.
All restaurants are leased. Initial lease terms are generally 10 years, and include the option to renew for two additional 5-year terms.
The company operates a variety of restaurant formats, including end-cap, free-standing, inline and drive-thru, primarily within suburban shopping centers and retail settings. The average restaurant size is between 2,000 and 2,800 square feet.
| TTM | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|
| Company-operated restaurants | 193 | 193 | 162 | 137 | 109 | 85 |
| Company-operated restaurant growth | 19.1% | 19.1% | 18.2% | 25.7% | 28.2% | 34.9% |
| Franchised restaurants | 16 | 16 | 10 | 5 | 1 | 0 |
| Franchised restaurant growth | 60.0% | 60.0% | 100.0% | 400.0% | N/A | N/A |
| Systemwide restaurants | 209 | 209 | 172 | 142 | 110 | 85 |
| Systemwide restaurant growth | 21.5% | 21.5% | 21.1% | 29.1% | 29.4% | 34.9% |
| Avg restaurant gross sq ft | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 |
| Avg restaurant gross sq ft growth | 0.4% | 0.4% | 0.4% | 0.7% | 0.9% | 1.4% |