Profile: Fiesta Restaurant Group Inc (FRGI.O)
22 Jul 2019
Fiesta Restaurant Group, Inc. (Fiesta), incorporated on April 27, 2011, owns, operates and franchises two fast-casual restaurant brands, Pollo Tropical and Taco Cabana through its subsidiaries Pollo Operations, Inc., and its subsidiaries, and Pollo Franchise, Inc., (collectively Pollo Tropical) and Taco Cabana, Inc. and its subsidiaries (collectively Taco Cabana). The Company operates through the Pollo Tropical and Taco Cabana segments. Its Pollo Tropical restaurants offer a range of Caribbean inspired food. Taco Cabana restaurants offer a selection of Mexican inspired food.
The Company's Pollo Tropical restaurants offer Caribbean menu items, featuring its bone-in chicken marinated in blend of tropical fruit juices and grilled over an open flame. Its menu also includes a line of TropiChops, (a create your own casserole bowl of grilled chicken breast, roast pork or grilled vegetables, or in some markets beef, served over white, brown or yellow rice and red or black beans and vegetables), a variety of sandwiches, wraps and salads offered with an array of Caribbean style made-from-scratch side dishes, including black beans and rice, fried yuca and sweet plantains, as well as traditional menu items, such as waffle fries, Caesar salad and corn. It also offers a self-service Saucing Island, which includes a wide selection of made-from-scratch salsas, sauces, jalapenos, cilantro, onions and other items, which allows its guests to further customize their orders. Its restaurants offer Caribbean dessert favorites, such as guava cheesecake and tres leche cake. Its beverage offerings include fountain soft drinks and other bottled drinks. Most menu items are prepared daily in each of its restaurants, which feature open display cooking on large, open-flame grills. The Company offers both individual and family meal-sized portions, which enable it to provide a home meal replacement for its guests. The Company also offers catering for parties and corporate events. The Company also provides its guests the option of take-out, including the ability to order online in advance and nearly all of its restaurants provide the convenience of drive-in windows. As of January 1, 2017, substantially all of its company-owned Pollo Tropical restaurants were freestanding buildings. As of January 1, 2017, the Company owned and operated a total of 177 Pollo Tropical restaurants, of which 128 were located in Florida, 30 were located in Texas, 16 were located in Georgia and three were located in Tennessee. As of January 1, 2017, the Company had reimaged 30 Pollo Tropical restaurants located in the Orlando, Nashville, South Florida and Atlanta markets. The Company is are franchising its Pollo Tropical restaurants primarily internationally, and as of January 1, 2017, it had 29 franchised Pollo Tropical restaurants located in Puerto Rico, Panama, Trinidad and Tobago, Guatemala, the Bahamas, Venezuela, and Guyana, and five non-traditional licensed locations on college campuses and one located in a hospital in Florida.
The Company's Taco Cabana restaurants serves Mexican food, including flame-grilled steak and chicken fajitas served on sizzling iron skillets, quesadillas, hand-rolled flautas, enchiladas, burritos, tacos, fresh-made flour tortillas, customizable salads served in its Cabana Bowl, and its breakfast tacos. It also offers a self-serve salsa bar, which includes a selection of made-from-scratch salsas, sauces, sliced jalapenos, chopped cilantro, chopped onions and other items. Its beverage offerings include fountain soft drinks, signature frozen margaritas and beer, as well as bottled Mexican Coke and Fanta Orange soda made with real cane sugar.
Taco Cabana restaurants feature open display cooking that enables guests to observe fajitas cooking on an open grill, a tortilla machine pressing and grilling flour tortillas, and the preparation of other menu items. Its Taco Cabana restaurants feature interior dining areas, as well as semi-enclosed and outdoor patio areas. Additionally, it provides guests the option of take-out, including the ability to order online in advance, as well as the convenience of drive-in windows and catering. As of January 1, 2017, the Taco Cabana restaurants averaged approximately 3,500 square feet (exclusive of the exterior dining area) and provided seating for approximately 80 guests, with additional outside patio seating for approximately 50 guests. As of January 1, 2017, the Company owned and operated 166 Taco Cabana restaurants, of which 165 were located in Texas and one was located in Oklahoma. As of January 1, 2017, it also had five Taco Cabana franchised restaurants located in New Mexico and two non-traditional Taco Cabana licensed locations located on college campuses in Texas.
Fiesta Restaurant Group Inc
14800 Landmark Blvd Ste 500
DALLAS TX 75254-7013