Formerly | The Habit Burger Grill |
---|---|
Company type | Subsidiary |
Nasdaq: HABT | |
Industry | Fast casual restaurant |
Founded | November 15, 1969 Santa Barbara, California, U.S. |
Headquarters | Irvine, California, U.S. |
Number of locations | 372 [1] |
Area served | United States, Cambodia, China, United Arab Emirates |
Key people | Shannon Hennessy (CEO) Tiffany Furman (CFO) |
Products |
|
Revenue | US$402 million (2021) |
Number of employees | 6,093 (2021) |
Parent | Yum! Brands |
Website | habitburger |
Habit Burger & Grill, formerly known as The Habit Burger Grill, is a California-based fast casual restaurant chain that specializes in chargrilled hamburgers. The company also sells other typical fast-casual fare. [3] It was founded in 1969 at Santa Barbara, California, and its headquarters are in Irvine, California. [2]
In March 2020, Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, acquired The Habit Burger Grill. [4] [5] [6]
The Habit Burger Grill was founded on November 15, 1969, in Santa Barbara County, California, as a family-owned business. [3] [7] It originally operated under the name Hamburger Habit. [8]
In 1980, Brent and Bruce Reichard purchased the original location in Goleta. A second location opened in Ventura in 1997. [9] They gradually grew the chain to 17 units in Southern California. [9]
In 2007, KarpReilly, a private equity firm, acquired a majority ownership in the company and began to rapidly expand the chain, including franchising. [10] Not included in the sale were the eight locations in Santa Barbara County, California, which remained under the ownership of the Reichard brothers. [8]
In 2014, Habit had 109 locations either open for business or under construction, including an expansion into Seattle. [11] At that time, the company was one of the fastest-growing fast food chains in the United States, with a 40% sales increase from 2012 to 2013. [12] In November 2014, the company raised $83.7 million in an initial public offering. [13] [14] [15] The share price immediately doubled. [16] By 2016, growth had slowed significantly, in line with the burger business. [17]
In 2017, the company announced plans to expand into the United Kingdom with 30 restaurants. [18]
In March 2020, Yum! Brands, the parent company of KFC, Pizza Hut, Taco Bell and WingStreet, acquired Habit. [19] The brothers decided to retire and sell their remaining restaurants to Yum! Brands in 2021. [20] The operations shifted in March 2022. [21]
July 2024 saw its restaurants switch soft drinks, as a result of Yum! Brands' acquisition, from Coca-Cola to Pepsi.
On August 28, 2024, the company renamed itself from The Habit Burger Grill to Habit Burger & Grill. [22]
In mid-2014, The Habit's "Charburger" was named the best burger in America by Consumer Reports, a nonprofit organization dedicated to independent product testing, scoring an 8.1 out of 10 among 53,745 participants. [23] [24] [25]
KFC Corporation, doing business as KFC, is an American fast food restaurant chain that specializes in fried chicken. Headquartered in Louisville, Kentucky, it is the world's second-largest restaurant chain after McDonald's, with over 30,000 locations globally in 150 countries as of April 2024. The chain is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut and Taco Bell chains.
Taco Bell Corp. is an American multinational chain of fast food restaurants founded in 1962 by Glen Bell (1923–2010) in Downey, California. Taco Bell is a subsidiary of Yum! Brands, Inc. The restaurants serve a variety of Mexican-inspired foods, including tacos, burritos, quesadillas, nachos, novelty, and specialty items, and a variety of "value menu" items. As of 2023, Taco Bell serves over two billion customers each year, at 8,212 restaurants, more than 94 percent of which are owned and operated by independent franchisees and licensees.
A fast-food restaurant, also known as a quick-service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast-food cuisine and has minimal table service. The food served in fast-food restaurants is typically part of a "meat-sweet diet", offered from a limited menu, cooked in bulk in advance and kept hot, finished and packaged to order, and usually available for take away, though seating may be provided. Fast-food restaurants are typically part of a restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels. The term "fast food" was recognized in a dictionary by Merriam–Webster in 1951.
Yum! Brands, Inc., formerly Tricon Global Restaurants, Inc., is an American multinational fast food corporation listed on the Fortune 1000. It is a spin-off of PepsiCo, after they acquired KFC, Pizza Hut, and Taco Bell. PepsiCo divested the brands in 1997, and these consolidated as Yum! The company operates KFC, Pizza Hut, Taco Bell, and since 2020, Habit Burger & Grill, except in China, where the brands are operated by a separate company, Yum China. Yum! previously also owned Long John Silver's and A&W Restaurants. Yum! was founded as Tricon Global Restaurants until 2002, when they merged with A&W’s parent company Yorkshire Global Restaurants.
Jollibee is a Filipino chain of fast food restaurants owned by Jollibee Foods Corporation (JFC) which serves as its flagship brand. Established in 1978 by Tony Tan Caktiong, it is the Philippines' top fast food restaurant and is among the world's fastest growing restaurants, expanding its international presence from 2014 to 2024 almost sixfold. As of January 2024, there were over 1,668 Jollibee fast-food branches across 17 countries, with restaurants in Southeast Asia, East Asia, the Middle East, North America, and Europe. Jollibee is best known for its bestselling item, the Chickenjoy.
A&W Restaurants, Inc. is an American fast food restaurant chain distinguished by its "Burger Family" combos, draft root beer and root beer floats. A&W's origins date back to 1919 when Roy W. Allen set up a roadside drink stand to offer a new thick and creamy drink, root beer, at a parade honoring returning World War I veterans in Lodi, California. Allen's employee Frank Wright partnered with him in 1922 and they founded their first A&W restaurant in Sacramento, California in 1923. The company name was taken from the initials of their last names – Allen and Wright. The company became famous in the United States for its "frosty mugs" – the mugs were kept in a freezer and filled with A&W Root Beer just before being served to customers.
In-N-Out Burgers, doing business as In-N-Out Burger, is an American regional chain of fast food restaurants with locations primarily in California and to a lesser extent the Southwest from Oregon to Texas. It was founded in Baldwin Park, California, in 1948 by Harry (1913–1976) and Esther Snyder (1920–2006). The chain is headquartered in Irvine, California, and has expanded outside Southern California into the rest of California, as well as into Arizona, Nevada, Utah, Texas, Oregon, Colorado, and Idaho, and is planning expansions into New Mexico and Tennessee. The current owner is Lynsi Snyder, the Snyders' only grandchild.
Harvey's is a fast food restaurant chain operating in Canada, with locations in every province except British Columbia. It serves hamburgers, poutine, hot dogs, french fries, onion rings, and other traditional Canadian fast-food fare. The chain is owned by Recipe Unlimited.
Rubio's Coastal Grill, formerly known as Rubio's Fresh Mexican Grill and Rubio's Baja Grill, is an American fast casual "Fresh Mex" or "New Mex" restaurant chain specializing in Mexican food, with an emphasis on fish tacos. As of 2024, Rubio's operates, licenses, or franchises 85 restaurants. 17 restaurants in Arizona, 62 in Southern California, and 6 in Nevada. It previously had locations in northern California, Colorado, Florida and Utah. The chain announced store closings and a bankruptcy filing the same year with plans to sell itself to lenders. It is headquartered in Carlsbad, California. At one time, the company had as many as 196 restaurants through the United States by the end of 2016.
Fuddruckers is an American fast casual, franchised restaurant chain that specializes in hamburgers. The Fuddruckers concept is to offer large hamburgers in which the meat is ground on-site and buns are baked on the premises. As of 2019, Fuddruckers had 49 company-operated restaurants and 107 franchises across the United States and around the world. The company headquarters is in Houston, Texas. On September 8, 2020, Fuddruckers owner Luby's, Inc. announced that they planned to liquidate existing assets, including Fuddruckers' assets, distributing the proceeds to investors after the proposed sale of the chains. On June 21, 2021, Black Titan Franchise Systems announced a deal to acquire Fuddruckers for $18.5 million.
AmRest Holdings SE is a European multinational casual dining, fast-food restaurant and coffee shop operator headquartered in the Spanish capital, Madrid . The company runs more than 2300 locations, mostly franchises of KFC, Pizza Hut and Starbucks, and also Burger King until 2022, but also operates its own brands of restaurants. Apart from Spain, AmRest operates in Bulgaria, China, Croatia, Czech Republic, France, Germany, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, and others.
Wimpy is a fast-food casual dining chain that was founded in the United States. It found its success internationally, mainly in the United Kingdom and South Africa, and has changed between being a table-service establishment and counter-service establishment throughout its history.
Smashburger IP Holder LLC, doing business as Smashburger and stylized as SmasHBURGER, is an American fast-casual hamburger restaurant chain founded in Denver, Colorado. As of 2022, it has more than 227 corporate and franchise-owned restaurants in 35 U.S. states and the District of Columbia and 2 Canadian provinces.
Carl's Jr. Restaurants LLC is an American fast-food restaurant chain owned by CKE Restaurant Holdings, Inc., who also owns Hardee's, with franchisees in North and South America, Asia, Oceania, Europe, and Africa.
Burger Lounge is an American fast casual restaurant chain that specializes in hamburgers made from American grass-fed beef, salads, shakes, French fries and onion rings. Burger Lounge is headquartered in San Diego, California. In 2007, J. Dean Loring and Michael Gilligan founded the company in the La Jolla neighborhood of San Diego. J. Dean Loring is the President and CEO of Burger Lounge.