Profile: Brazil Fast Food Corp (BOBS.PK)
30 Jan 2015
Brazil Fast Food Corp. (BFFC), incorporated in September 16, 1992, through its holding company in Brazil, BFFC do Brasil Participacoes Ltda. (BFFC do Brasil) and its subsidiaries, manages food service groups in Brazil and franchise units in Angola and Chile. In 2011, three of the own-operated restaurants of Venbo Comercio de Alimentos Ltda. (Venbo), a wholly owned Brazilian limited liability company, were transferred to two newly affiliated companies, LM Comercio de Alimentos Ltda. and PCN Comercio de Alimentos Ltda., both subsidiaries of BFFC do Brasil. DGS Comercio de Alimentos S.A. (DGS), a 80% owned Brazilian Corporation and Internacional Restaurantes do Brasil S.A. (IRB), a 60% owned Brazilian Corporation, are also BFFC do Brasil subsidiaries. The Company has a 20% equity interest in the capital of BBS S.A. (BBS). Its restaurant system includes restaurants and kiosks owned by the Company and by franchisees under the brand names which include Bob’s, KFC, Pizza Hut, In Bocca al Lupo and Doggis. It operates in two segments: own-stores operations and franchise operations.
As of December 31, 2011, the Company owned and operated 67 points of sale, including 11 kiosks and one coffee corner, of which 38 are under Bob’s brand, 10 under KFC brand, 18 under Pizza Hut brand and one coffee corner under In Bocca al Lupo brand . All of these points of sale are located in the States of Rio de Janeiro (42)and Sao Paulo (25).
As of December 31, 2011, the Company had 813 points of sale, including 363 kiosks and 17 express stores, owned and operated by its franchisees, of which 792 under Bob’s brand, six under KFC brand, and 15 under Doggis brand. Approximately 45.0% of these points of sale are located in the States of Rio de Janeiro and Sao Paulo, with the remainder spread throughout cities in all other States of Brazil, except for five franchised restaurants in Angola and eight franchised restaurants in Chile. The express stores are under Bob’s brand and offers pre-prepared sandwiches, easy to heat in a special oven or microwave, beverages, milkshakes, sundaes and ice creams, among different products from traditional Bob’s restaurants and coffee. In addition, it created the Bex Station, with the Shell Company of an shelf for Bob’s express products in Shell Convenience Stores throughout Brazil. As of December 31, 2011, it had licensed Bex Stations to 35 different Shell Stations retailers approved by the Shell Company.
The Company develops, operates, franchises and licenses a system of both traditional and non-traditional fast food restaurants. Traditional units feature restaurants in line and drive-thru and small restaurants in malls, airports, gasoline service stations, stadiums and colleges. Non-traditional units include express stores, trailers and kiosks which have a more limited menu and operate in convenience stores.
Brazil Fast Food Corp
950 Third Ave 27Th Floor
NEW YORK NY 10017