Chain Operating Report for August 20, 2013

Bob Evans Restaurants announces plans to develop express units, Hooters' parent company enters the burger business and much more. 

Another Broken Egg Cafe inked a 10-store development agreement with Cojak Investments, LLC. Cojack Investments owns and operates existing Another Broken Egg Cafes in Lafayette, La., Panama City Beach, Fla., and Tuscaloosa, Ala.

Bob Evans Restaurants announced plans to partner with AVI Food Systems, Inc. to develop and license Bob Evans Express, a new concept that will target such nontraditional venues as hospitals, universities, airports, malls, corporate cafeterias and manufacturing plants. The family dining chain also announced it completed 60 Farm Fresh Refresh remodels during its first fiscal quarter of 2014 and expects to complete the remainder before fiscal year end. Bob Evans also announced plans to open a new and more efficient restaurant design that the chain projects will feature a 10 percent to 15 percent lower building investment cost.

Charlotte, N.C.-based Chanticleer Holdings, Inc. (NASDAQ: HOTR) signed a non-binding letter of intent to purchase all of the outstanding shares of American Roadside Burgers, Inc. The 10-year-old American Roadside Burgers is known for a diverse menu featuring fresh salads; customized burgers made from fresh beef, turkey or veggies; milk shakes; and a large selection of various sandwiches, beers and wine. Each of the five restaurant locations features a "made in America" theme. Chanticleer Holdings is the parent company for Hooters.

Corner Bakery Cafe plans to enter the Oklahoma and Massachusetts markets, as well as three new markets in Florida and California as part of five multi-unit restaurant franchise agreements. The agreements will generate 9 new restaurants in San Diego, seven in Oklahoma, 14 in Tampa, 10 in Northeast Florida and 21 in Boston. Corner Bakery expects the first cafes in each market will open next year.

Dunkin' Donuts inked a multi-unit store development agreement with existing franchise group, Travel Mart, Inc., for seven new restaurants in La Crosse and Eau Claire, Wis. The chain expects the first restaurant to open in 2014 and the remainder by 2020.

Granite City reported an 11.8 percent increase in total revenue for its second fiscal quarter of 2013. The restaurant chain reported adding three locations in operation in the second quarter of 2013. Comparable restaurant revenue, which includes restaurants in which Granite City operated for more than 18 months, increased 2.1 percent.

Red Robin Gourmet Burgers reported comparable restaurant revenues increased 4.3 percent for company-owned locations in the second quarter of 2013 compared to the prior year. In the second quarter, Red Robin reported guest counts decreased 0.7 percent on a comparable basis while average guest check increased 5.0 percent.

 

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