Are you ready to invest in the ideas and companies you believe in?   Register for our FREE seminar to learn how!
Red_Lobster_Graphic_1
Food & Beverage
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.

$2,006,900

raised

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.
134%
  • 1829

    Investors

    $2,700,000

    Hard Cap

  • $25

    Price per Share

    $25

    Min. Investment

  • $108,000

    Shares Offered

    Min/Max

    Offering Type

  • $2,700,000

    Offering Max

    5 January 2022

    End Date

  • $1,500,000

    Min. Raise

    Project was successful

    Days Left

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

You must register or log in before you can view this page

Meet the Red Lobster | Pinnacle Franchise Brands team
Comments

You must log in to comment.