Crab shack chain pinches new location

CAPE CORAL — Pinchers Crab Shack plans to open its ninth location at the Tarpon Point development on Silver King Boulevard in Cape Coral in late October.

Pinchers, which recently opened a restaurant on Duval Street in Key West, is expanding, with new locations from Tampa to Naples. The company posted revenue growth of 11.4% in 2012 over 2011, to $28 million in sales. It was ranked 190th in the Gulf Coast 500.

Father-and-son entrepreneurs Tony and Grant Phelan started Pinchers 16 years ago with a restaurant in Bonita Springs. The Fort Myers-based family plans to one day grow the chain to 100 locations.

Future locations include the site of the Royal Palm Yacht Club in downtown Fort Myers and Wiregrass Mall in Tampa.