Gallery
Overview
Pinnacle Franchise Brands has the Red Lobster franchise rights for the Caribbean, with plans to open two restaurants in eastern New Providence, and subsequently in four additional Caribbean locations.
Reasons to Invest
- Red Lobster is one of the very few brands that Bahamian people love and actually seek out
- The “dining out” market in the Bahamas is over $100M
- Pinnacle has exclusive rights to the Red Lobster brand in the Caribbean
- Pinnacle brings a team experienced in opening and profitably running franchise restaurants
- Proven success with launching and running Outback restaurants in the region
The Challenge
- Lack of Franchise seafood restaurant brands that are affordable, family friendly and customer service focused
- Brand matters and local eateries are inconsistent in execution and experience
- Regional restaurateurs lack experience business acumen
The Solution
- Pinnacle’s Red Lobster brand matches the desired flavor profile of the local population and is recognized for consistent food quality and excellent family friendly service
- Proven Red Lobster business model (personnel, financial model, Pinnacle executive team, right pedigree, purchasing power, etc…)
- Strong brand recognition by local population
- Pinnacle’s proven business expertise and extensive experience in restaurant operations
- Demonstrated regional success in the Caribbean with Outback brand
Competitive Advantage
Caribbean focus and understand needs and habits of the region
Experienced in franchise restaurant business with successful openings of Outback Steakhouses throughout the region
Franchise brands recognize Pinnacle’s successful track record and request their involvement including granting exclusive rights to their brands
Experienced Executive Team
Pinnacle has the Red Lobster brand that matters in the region
Rapid Red take out model to address changing Caribbean lifestyle needs and environmental challenges
Exclusivity
Competition
Red Lobster is one of the Pinnacle brands and competes with locally owned single unit seafood focused restaurants and other franchised restaurants
Use of Proceeds
Market Size
Total Addressable Market
- $98,595,720
- 3,708,000 x $26.59
- We are aiming to capture 4.4% of TAM
Our Clients
- 17% of the general population goes out for dinner on a regular basis
Family Focused
- Families are the main clientele that will be advertised and catered to
Expansion Plan
- Open the first Red Lobster restaurant in New Providence the Bahamas in 2022
- Open the second in The Bahamas in 2023
- Open third in Jamaica in 2024
- Open fourth in Dominican Republic in 2026
- Open fifth in Trinidad & Tobago in 2028
Capital Raise
- The cost of constructing and outfitting the restaurant, plus working capital is estimated at $2.7MM.
- At a valuation of $14.3MM
- (7X earnings)
Financial Highlights
FY2022-FY2026 Forecast
Business Model
- Provide restaurants that offer a clean, well run family environment with a flavor profile that appeals to locals and creates repeat business
- Leverage extensive restaurant experience and operational efficiencies and expertise to create quickly profitable establishments
- Utilize quick turnover model and purchase from local providers to reduce storage costs and waste and improve local economy
- Adapt restaurant footprint to current and/or local conditions including expanding outdoor space to accommodate for public health situations and to offer larger event capabilities
- Utilize Rapid Red take out model to expand customer options
Vision
- Pinnacle is poised to become the “Brand of brands” in the Caribbean region
- Open additional franchise locations throughout the region
- Add exclusive rights for additional franchise brands
Why Invest Now
- First introduction of Red Lobster brand into the region
- Limited number of shares available
- Be a part of a proven and recognized brand
- Local behavior changing as people work longer in a faster lifestyle and want to cook less and eat out more
- Rapid Red take out model created and now generating 20% to 25% of monthly revenue
Ownership Structure & Rights of Securities
Use of Funds
|
$ |
DESCRIPTION |
|---|---|
|
807,400 |
Furniture, Fixtures, Equipment |
|
17,188 |
Quantity Surveyor |
|
51,563 |
Architect |
|
25,000 |
BPL Deposit |
|
5,000 |
Water Deposit |
|
5,000 |
Telephone Deposit |
|
687,500 |
Construction |
|
1,598,650 |
Land & Building |
|
159,865 |
10% Contingency |
|
941,485 |
Working Capital |
|
2,700,000 |
Total |
Risks & Disclosures
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON ARAWAKX SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
View our Offering Documents
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Meet the Red Lobster | Pinnacle Franchise Brands team
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