This regional darling just opened a massive Times Square restaurant—and it's not stopping there.
costs are under $10, in Times Square, a business can expect to pay more than $80 per square foot. Meaning Raising Cane's is likely paying well over $650,000 per month just for the space its newest restaurant is occupying.Raising Cane's currently operates about 740 restaurants. That's a lot of units, to be sure, but it hardly puts the chicken chain anywhere near the top 10 or even the top 20 largest fast-food chains by restaurant count, all of which number well into the thousands.
That growth includes an impressive 100 locations slated for opening in 2023 alone. There are also many Raising Cane's locations that are slated to open in and around the greater New York City area , and it's arguably these two-dozen or so planned openings that represent the true levels of the company's aspiration. New York and regions even farther North represent largely uncharted territory for this primarily Southern restaurant chain.
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