Southern Concepts Restaurant Group Inc (RIBS)

[CarveCEO]

Good morning Wall St.,

I am the CEO of $RIBS (aka Southern Concepts)! Just getting out here to tell our story, and I thought the "All Things Food" forum would be a good place to start.

For starters we're a restaurant holding company operating in the barbecue space. We own three full service barbecue restaurants throughout the Colorado Front Range (Denver, Lone Tree and Colorado Springs) called Southern Hospitality and we just recently opened our fast casual concept in Denver called Carve Barbecue! Barbecue is an obvious vertical for growth within the fast casual segment, which I talk more about in the interview I will link below.

We are guiding four new units of Carve Barbecue next year with even greater growth to follow in 2017 and 2018. To break it down, our Carve units, once full normalized (usually takes about a year) are expected to generate $1.8mm in revenue, on which we expect to earn 20% in store level EBITDA. They cost roughly $700,000 - $800,000 to open, for the sake of example let's call it $750,000 on average to get one open. If we can indeed to $360,000 in store level contribution margin we'll realize a cash on cash return of 48%!

I genuinely believe in the fast casual market, and the broader market has been running into this space for the past 12 months like never before with Zoe's, Shake Shack, Chipotle, etc... all receiving monster valuations. I want to invite all you iHubbers to follow our stock, reach out if you have any questions, and watch us grow our fundamentals.

As an aside, I am becoming somewhat of a big deal (joking, sort of), check out some of the interviews and TV spots we have recently received!

http://kdvr.com/2015/11/11/carve-barbecue-new-restaurant-of-the-week/

You can read more about it by Googling Carve Barbecue, lots of media coverage!

Thanks,

Mitch