Profile: Carrols Restaurant Group Inc (TAST.OQ)
5 Dec 2013
Carrols Restaurant Group, Inc. (Carrols Restaurant Group), incorporated in 1986, is a holding company and conducts all of its operations through its direct and indirect subsidiaries. The Company is a restaurant company in the United States operating three restaurant brands in the quick-casual and quick-service restaurant segments with 547 restaurants located in 17 states as of January 1, 2012. Through its indirect wholly owned subsidiary, Fiesta Restaurant Group., the Company owns and operates two restaurant brands, Pollo Tropical and Taco Cabana. The Company is also a Burger King franchisee, based on the number of restaurants. As of January 1, 2012, its company owned restaurants included 91 Pollo Tropical restaurants and 158 Taco Cabana restaurants, and it owned and operated 298 Burger King restaurants under franchise agreements. In May 2012, the Company acquired 278 BURGER KING restaurants from Burger King Corporation.
The Company franchises its Pollo Tropical restaurants internationally with 31 franchised restaurants located in Puerto Rico, Ecuador, Honduras, Trinidad, Venezuela, the Bahamas and on college campuses in Florida, as of January 1, 2012. The Company had five Taco Cabana franchised restaurants located in the United States as of January 1, 2012.
Burger King is a hamburger restaurant chain in the world (as measured by the number of restaurants and system-wide sales) and it is a franchisee in the Burger King system, based on number of restaurants. Burger King restaurants are part of the quick-service restaurant segment, which is of the five major segments of the United States restaurant industry. Burger King restaurants feature flame-broiled Whopper sandwich, as well as a variety of hamburgers and other sandwiches, fries, salads, breakfast items and other offerings. As of January 1, 2012, the Company operated 298 Burger King restaurants located in 12 Northeastern, Midwestern and Southeastern states.
Fiesta Restaurant Group
The Company owns and operates two quick-casual restaurant brands, Pollo Tropical and Taco Cabana, combining the convenience and value of quick-service restaurants with the menu variety, use of fresh ingredients and food quality more typical of casual dining restaurants. The Company’s Pollo Tropical restaurants offer tropical and Caribbean inspired menu items, featuring grilled chicken marinated in its blend of tropical fruit juices and spices. Its diverse menu also includes a line of TropiChops (a casserole bowl of grilled chicken, pork or vegetables served on top of white rice and beans topped with freshly made salsa), a variety of chicken sandwiches, wraps, salads, roast pork, grilled ribs and wings, offered with an array of freshly made salsas, sauces and Caribbean style made from scratch side dishes, including black beans and rice, Yucatan fries and sweet plantains, as well as more traditional menu items, such as french fries, corn and tossed and Caesar salads. It also offers Hispanic desserts, such as flan and tres leches. Most menu items are made fresh daily in each of its Pollo Tropical restaurants, which feature open display cooking on large, open flame grills that enable its customers to observe the fresh preparation of its food. The Company’s Pollo Tropical restaurants feature its signature dining areas, designated to create an airy, inviting and tropical atmosphere. Additionally its Pollo Tropical restaurants provide its guests the option of take-out, as well as the convenience of drive-thru windows.
As of January 1, 2012, the Company owned and operated a total of 91 Pollo Tropical restaurants, of which 85 were located in Florida, one was located in Georgia and five were located in New Jersey. Its Taco Cabana restaurants serve fresh Tex-Mex and traditional Mexican food, including flame grilled beef and chicken fajitas served on sizzling iron skillets, quesadillas, hand rolled flautas, enchiladas, burritos, tacos, fresh-made flour tortillas, a selection of made from scratch salsas and sauces, customizable salads served in a Cabana bowl, traditional Mexican and American breakfasts and other Tex-Mex dishes. Its Taco Cabana restaurants also offer a variety of beverage choices, including frozen margaritas and beer. Most of the menu items offered at Taco Cabana are prepared at each restaurant from fresh beef, chicken and produce delivered by suppliers. Its Taco Cabana restaurants feature interior, semi-enclosed and patio dining areas, which provide a vibrant decor and relaxing atmosphere.
As of January 1, 2012, the Company owned and operated 158 Taco Cabana restaurants located in Texas, Oklahoma and New Mexico, of which 152 were located in Texas. A majority of its Taco Cabana restaurants are open around-the-clock, generating balanced customer traffic and restaurant sales across multiple day-parts.
The Company competes with McDonald’s and Wendy’s restaurants
Carrols Restaurant Group Inc
968 James Street
SYRACUSE NY 13203