The FAT Brands Difference – Fresh. Authentic. Tasty.
IPO IS FULLY SUBSCRIBED. SHARES ARE EXPECTED TO TRADE OCTOBER 23, 2017 ON NASDAQ: FAT.
FAT Brands is a leading multi-brand restaurant franchising company that develops, markets, and acquires predominantly fast casual restaurant concepts around the world. FAT Brands currently operates the Fatburger, Buffalo’s Cafe and Buffalo’s Express restaurant concepts, with 181 total locations across eight states and 18 countries. FAT Brands’ overall footprint covers 32 countries (including development agreements for proposed stores in new markets and markets where our brands previously had a presence that we intend to resell to new franchisees).
As a franchisor, FAT Brands generally does not own or operate restaurant locations and generates revenue by collecting initial franchise fees as well as ongoing royalties from its franchisees. This franchisor model drives strong profit margins and an attractive free cash flow profile while minimizing restaurant operating company risk, such as long-term real estate commitments or capital investments. FAT Brands scalable management platform enables them to add new stores and restaurant concepts to their portfolio with minimal incremental corporate overhead cost, while taking advantage of significant overhead synergies. The acquisition of additional brands and restaurant concepts is a key element of their growth strategy.