California Centers

SEP 2018

California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.

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Page 51 of 56

CORPORATE ACTIONS September 2018 | California Centers Magazine 45 developed under a multi-unit franchise development deal signed last year with Sameer Bhatia, an experienced franchise owner and local resident. An additional three units are also planned under the development agreement, in Costa Mesa, Laguna Hills and either Lake Forest or Mission Viejo. Further franchise growth for the brand will target the East Bay and Central Valley regions of the state. The Cheesecake Factory Inc. is expanding its portfolio through investing in existing concepts and creating new ones. The companies first fast-casual Social Monk Asian Kitchen, a pan-Asian concept developed in- house, is set to open in Thousand Oaks. The company has also invested in the growth of casual concept North Italia and Flower Child, a fast casual restaurant developed by Fox Restaurant Concepts. TEXACAL Foods and Cowboy Chicken have signed the largest franchise agreement to date, which involves the opening of 30 Cowboy Chicken locations across California in the coming five years. Stockhome, a Swedish fast-casual concept, has opened as of August in Petaluma. The concept makes its Northern California debut, coming from the operators of Plaj in San Francisco. Husband and wife team Roberth and Andrea Sundell designed a more casual presentation of the bistro and street food. Roberth grew up with in Stockholm, Sweden. Sprouts recently celebrated the opening of its 300 th store as the chain continues its expansion from coast to coast. Mountain Mike's Pizza LLC has signed an area development agreement for Southern California that will expand the brand's presence in the Inland Empire. The 200 unit chain plans to add more than 40 units over the coming seven to ten years in the region of Riverside County and San Bernardino County. The first three cities that will see new restaurants are Moreno Valley, Perris and Menifee. The company currently has eight restaurants serving the Southern California regions of the Inland Empire, Orange County and San Diego County. Ono Hawaiian BBQ has targeted new regions with growth potential for the chain in its existing operating markets of California and Arizona. In California, it is moving toward the central region of the state, first in Bakersfield and Modesto. After that, it has plans to expand into Northern California and Phoenix, AZ in the coming five years. Store closing sales are underway at 72 of the 100 underperforming Sears stores that the retailer announced would be closing as of September 2018. Among the California locations affected are stores in the cities of City of Industry, Newark, and Thousand Oaks. The chain will end the year with fewer than 1,000 stores still operating in prime locations across the U.S. Coconut's Fish Café has disclosed an intent to expand through new qualified franchise investors sought in the primary growth territories of Los Angeles, San Diego, Orange County, Northern California and Hawaii. UBreakiFix opened 38 new stores and converted 10 independent repair shops over to its brand in the second quarter of 2018. Athleisure concept Fabletics, founded by actress Kate Hudson, plans to open 75 new stores across the U.S. in the coming years, to bring its total store count to 100. The Coffee Bean and Tea Leaf has plans to triple its number of coffee cafes in the U.S. by 2028. With the opening of a store in Elk Grove in June, Lumber Liquidators has reached 400 stores opened in 46 states and Canada, since its inception in 1994. California's Leader in Permits for Alcohol Sales • Restaurants • Hotels • Theaters • Micro-Breweries • Craft Distilleries • Grocery Stores 951.667.5152 •

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