The Fastest-Growing Restaurant Chain In America Is a Seafood Chain You Probably Haven't Heard Of
Americans must have a major appetite for fresh seafood and prime steaks—a rapidly-growing chain that serves these delicacies is raking in major sales right now.
Restaurant industry publication Nation's Restaurant News and market researcher Datassential recently released their annual Top 500 report that ranks America's restaurant brands by sales. The report revealed that Eddie V's Prime Seafood currently has the fastest-growing estimated sales per unit out of any restaurant chain in the country. (Meanwhile, the Los Angeles-based chain Mochinut—known for bubble tea, mochi donuts, and Korean hot dogs—was the fastest-growing restaurant chain in terms of both unit and sales growth in the Top 500 report.)
Eddie V's saw an estimated $9.2 million in sales per unit in 2022, a 51.6% increase from the year prior. This was the biggest increase in sales per unit out of any other restaurant chain considered in the report. Eddie V's is also the fifth largest chain in America in terms of sales per unit overall, the report said.
While Eddie V's 51.6% boost in estimated sales per unit was the highest increase, several other chains weren't too far behind. Maggiano's Little Italy had the second-fastest growing sales per unit with a 51.5% increase in estimated sales per unit in 2022, while Dave & Busters came in third with a 51.4% increase.
For the uninitiated, Eddie V's is a higher-end restaurant chain that serves up a plethora of fresh seafood, hand-cut steaks, cocktails, and a wide selection of wines. However, the Eddie V's experience isn't just about the food, but also about the ambiance. Eddie V's locations feature live jazz music and each restaurant boasts its own unique setting, artwork, and décor.
Anyone interested in trying the fast-growing chain might have to look a little harder for one of its restaurants. Eddie V's currently operates just 30 locations throughout the United States, across 14 states, with the biggest concentration in Texas, California, and Florida. Additionally, the company is opening a new location in Boca Raton this fall (date to be announced.)
A representative did not immediately respond to our queries for comment on how the chain achieved its sales growth last year.
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