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Strategies & Market Trends : The New Economy and its Winners

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To: 16yearcycle who wrote (57274)	3/7/2015 1:30:08 PM
From: Bill Harmond	Read Replies (2) of 57684

Habit burger chain reports Tuesday. Notes from a January conference... Very fast grower, lowest-priced menu in the industry, 5% penetrated, sales per square foot second only to Chipotle: 13-Jan-15 11:40 ET In Play Habit Restaurants ICR XChange Conference 2015 Notes (32.00 +0.26) : Co has reported over 43 consecutive quarters of positive SSS (Over 10 years) Believes it can open at least 2,000 locations nationwide; only 99 current locations, which is 5% of assumed potential Existing unit metrics: Avg weekly customers: 4,574 Avg per customer spend: $7.56 (One of the lowest priced in fast-casual industry; Ex. Five Guys: $12.07, Shake Shack: $9.90 for burger, fry drink combo) Avg unit volume: $1.7 mln Restaurant contribution margin: +20% Cash on cash return: +40% $818 sales/sq ft (Second best in industry. Ex. Chipotle (CMG): $841, Panera (PNRA): $555, El Pollo Loco (LOCO): $651) 5 year growth rates: Avg unit volumes increased 39% Units grew 34% CAGR Revenue 44% CAGR Adjusted EBITDA +66%

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