The Fast Casual Landscape in 2009
Throwback · 2009 Archive

The Fast Casual Landscape in 2009

Fifteen years before delivery apps, ghost kitchens, and $20 burritos. This was the industry. We ranked the top 125 fast casual chains by systemwide sales. Some grew into giants. Some were acquired. Some are gone. All of it looks different from here.

Research period ended Sep 1, 2009 · Originally published by Restaurantchains.net · Rankings based on estimated systemwide sales

Originally published November 2009 · Restored and reviewed May 2025

$19.8BTotal systemwide sales tracked
~37,000Total units across all 125 brands
$537KAverage unit volume, all brands
121×Sales gap: #1 Panera vs. #125 Spangles

Explore all 125 brands

Filter by cuisine. Sort any column by clicking the header.

125Brands shown
-Total sales
-Total units
-Avg unit vol.
# Brand Sales Units AUV Cuisine States

Rank is by estimated 2009 systemwide sales. AUV is calculated from sales and unit count.

What the data tells us

Five things that stand out looking back at the 2009 rankings.

73%

The top 10 owned the segment

The top 10 brands controlled 73% of all systemwide sales. The remaining 115 brands split the other 27%. Scale already mattered enormously in 2009.

6 brands

Mexican was already a war zone

Chipotle, Baja Fresh, Qdoba, Moe’s, Taco Time, and Taco Cabana were all in the top 30. The burrito bowl wars were well underway before Chipotle’s full momentum hit.

22%

Almost nobody offered delivery

Only 22% of the top 125 brands offered delivery in 2009. DoorDash launched in 2013. The entire off-premise revolution was still years away.

77%

Franchise was the dominant model

77 of the top 100 brands offered franchising. Non-franchise operators like Chipotle and Boston Market were the exception.

29 units

Smashburger was a baby

Ranked #89 with just 29 locations and $35M in sales. Some of today’s most recognized names were tiny regional players when this list was published.

~$1.8M

Panera’s unit economics led all

Panera’s implied AUV of ~$1.8M was the highest in the segment by a wide margin. It wasn’t just the biggest brand. It was running the most productive units.

Who made it and grew

These 12 brands from the 2009 list are not just still open. They’re significantly larger today.

Panera Bread#1 in 2009 · 1,345 units · $2.4B

Still the segment’s anchor. Grew to 2,100+ US locations.

Chipotle Mexican Grill#2 in 2009 · 886 units · $1.4B

Now 3,500+ units and one of fast casual’s defining success stories.

Panda Restaurant Group#5 in 2009 · 1,233 units · $1.0B

Panda Express now has 2,400+ locations worldwide.

Culver’s#7 in 2009 · 415 units · $706M

One of the Midwest’s most durable growth stories.

Five Guys Burgers & Fries#24 in 2009 · 400 units · $240M

Grew to 1,700+ locations globally.

Moe’s Southwest Grill#13 in 2009 · 402 units · $362M

Part of Focus Brands and expanded nationally.

McAlister’s Deli#14 in 2009 · 288 units · $346M

Expanded to 500+ locations.

Dickey’s BBQ Pit#34 in 2009 · 112 units · $134M

Grew into one of the largest BBQ chains in the US.

Smashburger#66 in 2009 · 29 units · $35M

Grew to 200+ units before Jollibee acquired it.

Capriotti’s Sandwich Shop#74 in 2009 · 55 units · $39M

Now 175+ locations nationally.

HuHot Mongolian Grill#73 in 2009 · 30 units · $36M

Quietly doubled its footprint.

Nando’s#96 in 2009 · 27 units · $21M

Now has 40+ US locations and is still expanding.