FSR August 2023

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BONEFISH GRILL 27 The casual-dining seafood concept, helmed by Bloomin’ Brands, saw a 5.2 percent rise in same-store sales in Q1. With the addition of a Sunday brunch to the menu, a rotating array of sea sonal favorites, and an emphasis on catering, Bonefish Grill is dou bling down on growth trajectories. CHEDDAR’S SCRATCH KITCHEN 28 Since Darden acquired Cheddar’s in 2017, it’s grown to be the third-largest brand in the group’s portfolio. Over all, same-store sales increased by 11.7 percent in Q3, accounting for a record $1.56 billion. Darden’s CEO Rick Cardenas believes the brand’s strong leadership team will catapult it to success.

FOGO DE CHÃO 29 The Brazilian all-you-can Area location in California, sup porting the brand’s continued 15 eat steakhouse chain signed a lease to open its third Bay

RUBY TUESDAY

RUBY TUESDAY 30 Despite shuttering 185 res taurants and filing for bank ruptcy in late 2020, Ruby Tuesday has rebounded by reduc ing liabilities and restructuring its organization. With the help of a “Daily Deals” program and a reenergized focus on off-prem ises business, the classic bar & grill chain continues to make a promis ing comeback.

FOGO DE CHÃO

percent annual restaurant growth across the U.S. In 2023, Fogo de Chão signed 12 new domestic and international leases and opened in Washington, Maryland, California, and New Jersey.

total investment 10k • Go into business for yourself, not by yourself • Average owner earned over six figures* • Ability to demonstrate the gold standard in service Do you want to be an owner?

Scan today to apply for franchise opportunities across the U.S.

www.steaknshakefranchise.com *Based on the average annual earnings of 82 Steak ‘n Shake Franchise Partner Program franchisee outlets opened and operating for 12-months or more during the two-year period ending December 29, 2021, as published in our April 29, 2022 Franchise Disclosure Document. Of these 82 outlets, 34 (40.6%) met or exceeded $136,933 annual average earnings. However, your individual results may vary and there is no assurance that you will do as well.

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FSRMAGAZINE.COM

AUGUST 2023