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Well as of today you will be able to trade it as a Q stock.
New Symbol is: SFHDQ
Anybody know what the real OS is?
Last reported was 29,371,458 but that was early 2008.
I am waiting for subber, then I'll play it. I still have a few shares, but my majority was flippers because I bought them cheaper.
I've been doing good flipping BLDR and LLEG this year, too bad SFHD didn't hold the pattern.
I don't think it can
I would not buy any more here. The shares could be worthless depending how they deal with the BK
I think Adam was skimming money. invesotr relations shut down and he would not reply to any of my e-mails where in the past he did. He seems to have fallen off the face of the earth
I know at one point the bank they were using went belly up or something to that nature. Not sure whether that played a factor. As cheap as the stock is now it wouldn't take much for someone to take a stake. We know the assets are real. I had a couple nice flips from the .31 to .50ish, but still doesn't break me even. I know some new stores were going to be franchise stores. The warehouse we used to set up the stores got destroyed by a tornado and almost nothing could be salvaged, hopefully the stock can be salvaged.
Make no since to me either. Several new restaurants built and they stay packed.
What I don't get is the restaurants are always slammed when we stop in. Maybe he was wiping his ass with money. I am waiting for the selloff to settle and then buying a boatload.
I told you BK was coming. York is an ass misleading people
Not that I know of.
We are dead arent we? Beacon recently dropped coverage of us
I haven't been watching it, I wasn't able to get off of my full time job to set up Hammond. The next store will be Orlando, but it is a franchise store I believe. I'll call around and try to find out what's up. I VERY seriously doubt BK unless someone is skimming the money. I'll holler back.
Wow lost more than 1/2 of its value, I cannot get inversor relations to answer my e-mails and there are no dates listed on the web site as to the opening days of the resturants for the third quarter. I hear the doors closing on this one. SFHD.pk is going BK. Thats why we have been waiting so long for the financials.....there are none
Bid creeping back up. Hammond is coming up for me in a couple weeks. Slow and steady hopefully wins the race.
No upside at all
Maybe we can see some upside soon. Hammond is coming up soon and it usually takes 120+/- to get built. Orlando will be hot in July, it's ok, I always work in shorts and Crocs anyway.lol
Expanding into Florida:
Press Release Source: Santa Fe Holding Company, Inc.
Santa Fe Holding Co. Announces Master Franchise Agreement With Premiere Restaurant Development LLC for North, Central and Southern Florida
Tuesday March 31, 2009, 9:30 am EDT
NASHVILLE, TN and ORLANDO, FL--(MARKET WIRE)--Mar 31, 2009 -- The popular and rapidly growing Santa Fe Cattle Co. (Other OTC:SFHD.PK - News) roadhouse style steak restaurant chain and Premiere Restaurant Development LLC, a partnership between The Maali Group (TMG) and Superior Hospitality Management, LLC, announces the inking of a Master Franchise Agreement for North, Central and Southern Florida. SFCC operates 30 moderate priced, casual dining steak houses (currently located in seven states) and reports new unit average volume of over $3 million. Premiere Restaurant Development from Orlando, Florida is an organization of experienced and successful restaurant owners, operators and developers who have in their portfolio a large and diversified group of restaurant franchises in the state and beyond covering numerous concepts including stand-alone casual dining and in-line concepts, and quick service airport concessions and food courts.
Premiere Restaurant Development will serve as the Master SFHD Franchisee for North, Central and Southern Florida as well as the Operating Franchisee for SFCC units primarily in the Orlando area. Currently, TMG has purchased its first location in the Clermont community Northwest of Orlando and is preparing to begin construction in June. Chad Maali, TMG's Director of Development, stated, "Santa Fe Cattle Co. is one of most promising restaurant concepts to come along in quite some time; TMG considers it an honor to be a part of its growth." Danny York, Santa Fe's chairman, calls the agreement a "perfect arrangement" that "TMG's industry experience coupled with their Florida market knowledge will be a tremendous benefit to Santa Fe's growth and market exposure."
Flourishing in spite of the troubled economy, the company's strong sales and revenue growth have established Santa Fe Holding Company as one of the fastest growing concepts in the restaurant industry. In 2008, revenue grew by over 57%. The company is projecting revenue growth of over 50% and expects to add 8 to 10 new stores in 2009.
About The Maali Group and Superior Hospitality Management
The Maali Group and Superior Hospitality Management from Orlando, Florida currently own and operate franchise restaurants for Bennigan's, Sabarro's, Freshens, Outback Steakhouse of Nassau, Kafe Kalik, Ponderosa Steakhouse, TGI Fridays and Fridays Front Row Sports Grill, located in Florida, the Bahamas, and multiple quick-service concepts in the Orlando and Bahamas airports
I heard this company is really doing well picking up some closed resto customers in the sorrounding area due to good and cheap food.
Don't have any trips planned in the next month, mybe the end of April I think. I kind of hope they wait a while to put out the financials so I can keep buying cheap. Noone would agree to 3m in debatures if they didn't plan on getting it back. They know they'd never get it back at these levels. So, we just wait for the financials, or wait for them to pump the price up! woohoo
Man, the Bigassfan that they have in them is pretty cool. We were doing work in one and the contractor had to turn it up full throttle. It was dragging boxes in from the other room.:) Noone would finance this on debatures if they didn't think they'd be able to cash years down the road at MUCH higher levels.
I bet the financials come out shortley then they can uplist and get more exposure...I've never been to the stores but I hear they're very busy
I think one of the keys is get file the financials and look at uplisting. Once this happens I believe the upside wil be realized
The fact that someone financed them with 3m in debatures means they know this is going higher. In these financial times NOONE would take a risk, I look forward to the eventual upside. I've been to quite a bit of the stores after they open and they seem to be doing really well.
I don't know why this company doesn't trade...It's a great growth story with a huge upside...def. not a pink scam
Just got back tonight from Glenpool,OK. Thursday, north of 40 was some thick ice. I am glad the seller dropped out. I don't mind no volume, just don't want down volume. We ate at Bixby both nights and it was slammed. We arrived at 8 and still had to wait 45 minutes, heck yeah.
There seems to be more activity on your site. Hopefully ths is good for you and hopefully shows more interest in SFHD
Nice information, thanks for sharing. We got some huge buys right at the bell yesterday. We'll get ours sooner or later. Happy New Year and hopefully it will be a green one.
The top section is the e-mail I sent; below that is the response from IR
Comments: I am concerned about the stock price of the company. The audit was to be completed by the end of summer; there was not audit. IR has not been putting out any info, in fact they only release the store opening the day of the event. There have not been any pre-announcements and there have been no follow up announcements as to the success of the openings.
Help. A frustrated shareholder
Joe
Joe,
Thanks for your inquiry.
I appreciated your frustration and I do understand. I really appreciate you taking the time to ask questions instead of doing what so many uneducated shareholders do when they sell their stock for no logical reason.
I also would be happy to talk to you personally if you would like. My name is Marc and my number is 813-265-9274.
Our stock has actually done very well considering the overall market. We are trading a little higher than were we came public 18 months ago at $1.25. The average stock is down more than 50% during the same 18 month period and many are down much more.
Our stock has drifted lower because some people have been forced to liquidate their entire portfolios to meet margin calls and some just to pay bills. When they sell that means some Santa Fe get sold too.
Once this stops the stock should start heading back up.
The company has made tremendous progress this year. Sales should be up over 60% from last year which is incredible considering the environment. We are continuing to open new stores as you can see and expect to continue on the same path in 2009.
This continues to build shareholder value month after month.
With the market so bad over the last quarter the company decided to slow up on news announcements because no one was really paying attention. Each news announcement is $300 to $500. The company will be more proactive on the news front in new year now that the overall economic financial turmoil is
starting to subside.
The audit has taken much longer than anticipated because of the complexities that have come about because of Sarbanes- Oxley.
The audit will be wrapped up shortly and an announcement will be made to let everyone know. Once this is complete the company will begin the process of trying to list on a higher exchange.
I hope this answers you questions. We appreciate you being a shareholder and look forward to a very prosperous new year for all Santa Fe shareholders.
Thanks YOU
MARC
Santa Fe IR
I am not sure whether they will put the link on the home page. We have started posting a sign at the stores with the site. I am just as confused about the IR they have and someone has been fire selling some shares and then doing a small buy at the ask to mask it. Hopefully they won't turn out to be a good company with a bad grasp of their stock. There are a few of those out there.
That is a cool site. Are they going to put that ont he mainpage for Santa Fe? Would it be okay for me to place the link in the box above?
I sent another e-mail to IR asking about the audit and asking why they only pr an opening on the day of the opening and not before. I aslo asked why they do not follow up the pr with an idea of how the opening went. Maybe no one showed up to the opening. Will let you know when I hear back from IR. Past feedback from them has only been a sentence. Not much info comes from them
I went to Lawton last weekend to set the store, and on the way stopped by the Shawnee restaurant. It was doing decent business when we were there at lunch. The stock is going to get killed if they don't release the financials or get a real PR person. Maybe I will start harassing them to let me take over as PR person, couldn't be any LESS eventful than the current situation. Heading back to Owens Crossroads this Saturday. This thing has been painful thus far.
Here is an indirect link.
http://santafedecorco.com/About_Us.html
This thing is killing me. Beginning to think the company is a scam. There has to be a reason the audit has been delayed almost 6 months.
Don't know either. I know I won't heading to Alabama this weekend due to a slight hickup. Still should be on the road a few times before the new year. I'd say there are quite a few restricted shares from the purchasing of the shell. We could be trading with a P/E of 1 or 2 right now. The ride up would be nice. Texas Roadhouse is trading at an 11x multiple right now with 70m shares out. So, 4 to 5 bagger with some good financials.
The new report states 35 million shares outstanding, with a float of only 1.38 million. If they ever get those financials out and uplisted, there should be a significant move to the upside. Where the heck is the AUDIT?
New coverage. I hope this is a sign of a marketing blitz
http://www.wmmcapital.com/home/media-profiles/santa-fe-cattle-co.aspx
I wish I had more confidence at this point. The delay in the audit concerns me a bit. Haven't decreased my holdings, but don't like it when financials are promised in a CC and there is no follow through or update. I have also found IR to be useless. Not very friendly people
Was that you pounding the bid today? Hopefully you and not someone else. lol
Thanks for the additional picks. The other stock I am big in is XNN. It appears that earnings are going to explode in 2009, and they have zero debt
I know they are growing as they say they are, but it is a waiting game. I have a couple more trips to make in December and will be busy until mid January. Got tickets for the ride in my IRA so I am in no hurry, but you are right, everything is on sale right now and SFHD is creeping. I bought some DSX just above 7 and their .95 one time dividend and will likely end up selling around 9. I am a big fan of PACR below 8 right now for a flip. A hard day in the market will take PACR back down, but until then I still have some shares from 14. I'm still up for the year on it, but this last dip way down caught me slipping on some shares. Good luck and keep me up on any good plays, I'll check out MOSH.
Going to start to scale back on shares and take the loss. The stock is not headed in any direction. With the fall of many stocks there seem to be better opportunities. No news on the audit concerns me a bit as it was promised by the end of summer. Looking at MOSH. If they win a current lawsuit, each share holder will get $5 to $15 in a special dividend. Will still hold some of SFHD, but this appears to be dead money
Yeah, me too. We went back to Broken Arrow last night and the fillet was top notch. There was a wait at 830. They said it usually wasn't that busy. The market has been terrible lately so we are actually holding up pretty good.
Thanks for the update. I like what they have done to their site. Just wish they would give some info on the financials. They were promised by the end of summer
Just ate at the bixby ok store and had a kick arse meal, decent business even at 945. It is cold and windy, I feel like a Penguin could walk by any minute. They need to open some in Key West.lol
:)
Should be a busy winter
We did open:
Santa Fe Cattle Co. Steakhouse Restaurant Opening 26th Restaurant Today in Ada, OK
Monday November 10, 2:49 pm ET
7th New Store for Santa Fe in 2008 as Rapid Growth Continues
ADA, OK and NASHVILLE, TN--(MARKET WIRE)--Nov 10, 2008 -- The popular and rapidly growing Santa Fe Cattle Co. roadhouse style steak restaurant chain (www.santafecattle.com) will officially open the doors to its newly constructed restaurant in Ada, Oklahoma, on Monday, November 10, at 4:00 p.m. Santa Fe Cattle Co. brings Ada area residents the opportunity to experience simply awesome food in a distinctive down-home casual atmosphere at a very reasonable price. The new store is part of publicly traded parent company Santa Fe Holding Company's (Other OTC:SFHD.PK - News) plan to expand the chain by nine locations in 2008, with an additional 12 new sites slated for 2009. This will be the chain's 26th store and the seventh new location opened this year.
ADVERTISEMENT
The restaurant was scheduled to be opened at the end of November but construction was completed 19 days ahead of schedule. "Clark Construction has done a fantastic job at bringing our restaurants in on time and now they have taken it a step further by completing construction 19 days ahead of schedule," according to Danny York, CEO of Santa Fe Holding Co. "There was no reason to delay the opening," stated Mr. York. "The town is ready and our team is ready to share the Santa Fe experience with Ada."
The Ada location complements SFCC's presence in Oklahoma. Within the state of Oklahoma, we currently have eight operating units, with Ada being the ninth and four more under construction. The next location will open in Bixby the second week in December.
Construction began in July of 2008 on this newest Santa Fe Cattle Company, located at 1300 Lonnie Abbott Blvd., Ada, OK. It features the company's newly developed design, with space to seat 187 guests in an efficient 5,947 sq. ft. layout. The family-friendly restaurant chain currently operates in seven states and is flourishing in spite of the troubled economy; the company's strong sales and revenue growth have established Santa Fe Cattle Co. as one of the fastest growing concepts in the restaurant industry, with 57% revenue growth in 2007. The company is projecting revenues of $56 million in 2008, an increase of 69% over its 2007 financial performance.
On the road right now on the way back from enterprise alabama and stopped by the troy restaurant to eat, but the wait was huge. We have 6 hours drive back, so we hit the road. I know I'll be busy until mid january, then a breather. I like the big ass fans, we kicked one on high and it'll about suck the chairs up.;)
no news on the 11/10 opening. Maybe this is one that has been put on the back burner. Starting to get nervous about this one
Some of the new stores we passed by in driving this weekend seemed to be packed with people at every pass. I am sure there is good reason for the delay. I think the fact that a few restaurants didn't do as good is because they aren't expanding any more, they are actually overexpanded.IMO I plan on buying some more soon, it's getting cheaper the longer they hold off. I like cheap shares.
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SFHD -- Santa Fe Holding Co., Inc.
Com ($0.005)
Address:
7125 Crossroads Blvd.
Brentwood, TN 37027
USA Website: http://www.santafecattleco.com
Phone: 615-661-4500 Fax: 615-661-4520
Santa Fe Decor available at: http://santafedecorco.com/Home_Page.php
Gift card purchases: http://store.santafecattleco.com/Departments/Gift-Cards.aspx
Virttual tour: http://www.santafecattleco.com/tour.html
Investor Relations: http://www.santafecattleco.com/investor.html
Locations: http://www.santafecattleco.com/locations.html
Menu: http://www.santafecattleco.com/menu.html
COMPANY PROFILE
SUMMARY
Santa Fe Holding Company, Inc., the parent of Santa Fe Cattle Co. (the “Company”) is a chain of casual dining theme (“roadhouse”) restaurants located in Alabama, Georgia, Mississippi, Indiana, Tennessee, Kentucky, Oklahoma and Louisiana. In 2007, Santa Fe Holding Co., Inc. had approximately $33.95mm in revenue, an increase of more than 57% over 2006. The company expects to have 30 stores by year end 2008 and 42 by year end 2009.
BUSINESS MODEL
PRICING
The Santa Fe Cattle Co. was created to be a mid-priced causal steak restaurant chain. This particular niche in the steak restaurant business, with dinners priced in the $10 - $12 range, is not dominated by any one player. The two major players currently in this arena: Logan’s (which Mr. York helped develop) and Texas Roadhouse, have less than 600 restaurants nationwide. This sector of steak restaurants, which falls between Outback Steakhouse and Longhorn Steakhouse ($14 - $16 dinner) and Golden Coral and Ponderosa ($6 -$8), is underserved and provides tremendous growth potential. Steakhouse customers are price-sensitive; a $2 difference in entrees gives Santa Fe Cattle Co. access to a market that is different than the market being served by the lower and higher priced restaurants (as described above).
FOOD
Santa Fe Cattle Co. also sets itself apart from the competition by being the only causal steak restaurant that offers quality Texas Hill Country fare to compliment its full line of USDA choice steaks. This mix of Texas Hill Country has not only proven to be quite appealing to consumers but increases profit margins over traditional steak only menus.
The Santa Fe Cattle Co. concept is built around USDA choice steaks that are aged to our strict requirements, along with limited chicken and seafood items. Beef costs are approximately one-half of all food costs. In-house cutting and aging rather than purchasing pre-packaged and ready-to-use beef reduces the variable cost of beef by approximately 50%. Pre-packaged meats are aged approximately 14 days. We age our meat stocks two to three times this number of days, producing an optimal end-product at a meaningfully lower price. In economic terms, our utility curve is well off to the right, permitting us to deliver higher customer satisfaction levels as measured by what our customers get and how much they pay.
Santa Fe Cattle Co. restaurants offer a diverse and moderately priced lunch and dinner menu with our specialty being steaks, ribs and fajitas cooked over an open mesquite grill. The featured item is steak and there are 12 steak cuts ranging from 6 to 32 ounces. The all time favorite is the 6 ounce choice sirloin offered with your choice of 2 side items, fresh baked yeast rolls with cinnamon butter and all the peanuts you can eat. However close on its heals are the Lynchburg Steak marinated for 24 hours in real Jack Daniels Whiskey, “Fall off the Bone” Baby Back Ribs smothered in our homemade chipotle BBQ sauce and our famous Platter of Steak, which is ¾ pounds of aged sirloin, sliced, and served on a sizzling platter of sautéed mushrooms and onions. The menu also contains a section called “Chuck-Wagon Favorites” that are specialty items developed exclusively for Santa Fe Cattle Co. Our world famous (at least to us) dessert is the Caramel Apple Wrap. Stove-top apples rolled in a flour tortilla, deep fried then hand sprinkled with cinnamon and sugar then drizzled with caramel sauce and served with the best ice cream on the planet (at least it’s the richest) Blue Bell Ice Cream straight from Texas. The food at Santa Fe Cattle Co. is what keeps us excited and keeps customers coming back. All of our sauces and dressings are made form original recipes and all made in-house. “If you want Kraft go to the grocery store.” We offer a daily lunch express menu comprised of some of the great menus items you find for dinner. Steak and rolls, crispy catfish and enchiladas are just a sample of our very reasonably priced lunches. Most items are less than $7.
ATMOSPHERE
The food is presented in a casual, nostalgic family oriented atmosphere reminiscent of the old west. Each store has a signature “Big Ass Ceiling Fan” (yes that is the actual name of the company) that is used to cool cattle in feed lots. The fan encompasses the entire dining room and is quite the local attraction, especially for young children. The atmosphere is unpretentious, lively and very comfortable. Complimentary peanuts roam the tables and floors. Santa Fe Cattle Co. is designed to appeal to a broad range of customers including business people, couples, singles and especially families. To appeal to families, the restaurants offer a special kids menu with coloring kit and our 32-ounce steak club for the young and hungry at heart.
Each Santa Fe Cattle Co. restaurant has a full bar featuring our own designed specialty drinks like Texas Tea, Texas Margaritas and $.99 cent Margaritas. We also have “The coldest beer in town, Guaranteed!” And offer some pretty famous south of the border brands. You can get them by the bottle or order an ice bucket of beers to share (or not). The average ticket price at lunch is $8 and dinner is around $12. We won’t rustle your cash away from you at Santa Fe Cattle Co. The service is friendly and down home, the atmosphere extremely enjoyable and the food is simply awesome.
THE RESTAURANTS
The original restaurants average 8,00 square feet but our new model stores rolled out in 2007 are 6,000 square feet (much like Chili’s). We use lots of weathered wood and siding and covered tin roofs adorn the dining room over the booths. Liberal use of old brick, river stone, and cement floors round out the interior. The typical Santa Fe Cattle Co. is a free standing building in a high traffic area or interstate exit. Average annual per store sales are over $2,600,000. Average annual store level cash flow/EBITDAR exceeds 21%.
HISTORY
Santa Fe Cattle Co. was started in the mid 90’s by veteran restaurateur, Danny York, who was also partly responsible for the highly successful Logan’s Roadhouse chain that went public in 1995. Cracker Barrel eventually bought Logan’s Roadhouse for over $180 million in 1999, almost 2-times sales at the time. The Logan’s Roadhouse concept gave birth to chains like Texas Roadhouse and Roadhouse Grill. After the Logan’s IPO, York created and developed the Santa Fe Cattle Co. concept. After growing the concept to 16 units by 2000, York sold his equity interest in the concept and returned to other restaurant ventures in which he had ownership interest. The unexpected death of the buyer in 2001 led to the disruption in growth and eventually to the almost complete dissolution of the Santa Fe Cattle Co. chain. After a few years of serious mismanagement, the Estate approached York about regaining ownership of the Santa Fe Cattle Co. concept.
At that time, there were only six restaurants remaining open. They were averaging only $1.5 million in sales per year. Mr. York bought the remaining stores and rights to the name in March of 2003, and began to resurrect this concept. The previous management had altered the stores not only in looks but also in food offerings and quality. Steaks were no longer hand cut but bought pre-cut and frozen, carpet was put in all the stores, which doesn’t go well with peanut shells on the floors and building colors changed. Store management was run off and a merry go round of management was set in place. After 18 months of very hard work the concept was reborn and sales were averaging over $2.2 mm per store. All of the stores are back to the original concept.
OPERATIONS
Although 2005, 2006 and 2007 margins were low due to the remodel and remake of the concept, the EBITDA margins should normalize at 5-7% annualized and possibly exceed 7% as the Company exits 2008. The company uses a tried and true formula called a “Weekly Sheet” to track weekly store cost. This allows the store management and company management to react to any fluctuating costs weekly, instead of waiting for a P&L at the end of the month. This weekly sheet is produced by the General Manager of each store and is gone over with all managers in a Monday afternoon weekly sheet meeting with upper management. A P&L statement is produced every four weeks and is given to each store management team. P&L’s are shared between stores so nothing is hidden or off limits to all managers. It creates a competitive managerial environment sense of unity between all the team members. Every store management team is on a four-week bonus plan according to how they grow sales and control cost. The General Manager that shows the most improvement at the end of the year is rewarded with a very generous bonus.
CORPORATE GROWTH PLAN
The growth plans for Santa Fe Cattle Co. are pretty simple. The Company will grow its base around the states the Company currently operates in: Alabama, Indiana, Oklahoma, Georgia, Mississippi, Tennessee and Kentucky. The concept does very well in small and medium-size towns with average populations of 20,000 to 100,000 people. This particular market niche served by Santa Fe has only two real players: Texas Roadhouse and Logan’s Roadhouse. Therefore market penetration is very low and growth potential is enormous. Neither of the two above mentioned concepts have smaller prototypes and no plans to build any. Therefore, Santa Fe Cattle Co. is poised to enter markets with virtually no competition in this segment except for any “Mom and Pop” operations. The Company currently operates in several small markets and the returns are exceptional.
RESTAURANT MANAGEMENT
The management team at each restaurant is composed of a very well paid general manager, kitchen manager and two floor managers. In stores that do more than $3 million/year in sales there is an additional salaried floor manager. A trusted and key hourly person that is interested in entering the management ranks is also used to open or close the store 2-3 nights per week. There are area supervisors for every four stores and they report to a Regional V.P. of Operations. Santa Fe Cattle Co. has recently added a Human Resource Director and also a Director of Menu Development/Training (see attached organization chart). All of these individuals were with Mr. York during the early stages of the development of the Santa Fe concept. Many of the current kitchen and general managers are former Logan’s Roadhouse employees and know this concept inside and out. The management team of this concept is dedicated and as knowledgeable as any in the industry. They receive modest salaries and very generous bonuses based on performance.
COMPETITION
As mentioned above, Logan’s Roadhouse and Texas Roadhouse are the two main competitors to Santa Fe Cattle Co.
Logan's Roadhouse®, Inc., was formerly owned by CBRL Group and was sold in 2007 for $480 million.
Texas Roadhouse, Inc. (Nasdaq: TXRH) together with its subsidiaries, operates a full-service, casual dining restaurant chain in the United States. As of December 26, 2006, the company operated 251 Texas Roadhouse restaurants comprising 163 owned and operated restaurants and 88 franchised and licensed restaurants. Texas Roadhouse was founded in 1993 and is based in Louisville, Kentucky.
For the four quarters ending September 25th, 2007, Texas Roadhouse had revenues of approximately $701mm with a net income of approximately $39.95mm.
KEY DIFFERENTIATORS
Officers:
Danny York, Chairman; Josh Weis, Dir.; Kahne Vaughan, Secretary
Outstanding Shares: 26,171,286 as of 2007-06-29
Estimated Market Cap: 36.378M as of 2007-07-11 (based on Outstanding Shares as of 2007-06-29)
New stores to open, this and next year
New Locations Coming Soon: | |||||||
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Multi-Billion Dollar Private Equity Fund Makes Additional Investment in Santa Fe Holding Company
Friday February 13, 9:30 am ET
BRENTWOOD, TN--(MARKET WIRE)--Feb 13, 2009 -- Santa Fe Holding Company (Other OTC:SFHD.PK - News), the parent company of Santa Fe Cattle Co., announced today that two private equity funds with assets totaling more than $5 billion under management have purchased $3 million of convertible debenture securities and warrants from the company. Santa Fe Holding Co. is a restaurant holding company which currently owns and operates 30 Santa Fe Cattle Co. restaurants located throughout 7 states.
Midtown Partners & Co. has been engaged by the company to assist in many different areas of strategic financing for the company. "We continue to raise capital to facilitate expansion at a faster pace," states Danny York, Chairman, "But it has been important to us that any capital raised is done on a friendly basis and fair to the company and our shareholders." Midtown has done an excellent job for us in finding strategic partners who understand our true potential and are interested in investing with us for the long term. Mr. York added, "The two funds that have recently taken positions in the company did so in a convertible security which can be converted to restricted common stock at any time. This is the same type of investment these funds have made with Santa Fe in the past and have converted their past positions into equity. These investment groups have continued to show a commitment to the long term success in Santa Fe. Their continued support gives us the time and resources to execute our growth strategy and build shareholder value."
"The additional capital will give us the ability to lock up additional locations for 2009 and the flexibility to add additional locations in 2009 if the right opportunity presents itself," says Mr. York. The company has opened two new locations in January and expects to open 4 additional company stores and 4 franchise units. Mr. York went on to say, "We will always be open to additional equity investments in our company as long as the capital is committed to staying with us long term and the terms of the investment is not only fair to our current shareholders but adds value to the overall enterprise."
Investors can learn more about the company, the food, and store locations on our website: www.santafecattle.com.
Santa Fe Cattle Co. Signs New National Beef Agreement Trimming More Than 6% From Total Beef Cost
Thursday March 12, 11:52 am ET
NASHVILLE, TN--(MARKET WIRE)--Mar 12, 2009 -- The popular and rapidly growing Santa Fe Cattle Co. (Other OTC:SFHD.PK - News) roadhouse style steak restaurant chain has reached an agreement on a fixed beef contract price for March through December 2009 with National Beef, the company's current supplier. The agreed to terms will lock in beef prices for the rest of 2009 and reduce total beef cost by more than 6% from 2008.
"First orders on our new agreement will be placed this week," according to Danny York, Santa Fe's CEO. "Several members of our management team were instrumental in negotiating these tremendous savings, Mr. York went on to say how proud he is of his management group's willingness to always find ways to lower cost and continually improve the quality and service for the customers of Santa Fe."
Flourishing in spite of the troubled economy, the company's strong sales and revenue growth have established Santa Fe Holding Company as one of the fastest growing concepts in the restaurant industry. In 2008, revenue grew by over 57%. The company is projecting revenue growth of over 50% and expects to add 8 to 10 new stores in 2009.
Santa Fe Holding Company Revenue up Over 60% in 2008
Tuesday February 3, 9:30 am ET
This Is the 5th Consecutive Year of Double Digit Growth Surpassing the 57% Increase in Revenue for 2007
BRENTWOOD, TN--(MARKET WIRE)--Feb 3, 2009 -- Santa Fe Holding Co., Inc. (Other OTC:SFHD.PK - News), the parent company of Santa Fe Cattle Co., announced today that preliminary total sales for fiscal year 2008 which ended December 30, 2008 was up over 60% from the previous year. Santa Fe Holding Co. is a restaurant holding company which currently owns and operates 30 Santa Fe Cattle Co. restaurants located throughout 7 states.
Year end revenue for 2008 totaled $53,334,260 compared to last year's $33.9 million up over 60% from the previous year. This was the fifth year in a row of record sales growth for Santa Fe. "While it will be a few weeks before our final numbers are tallied, we are very excited about our company's continued strong, consistent growth," announced Danny York, Chairman of the company. Mr. York went on to state, "EBITDAR should be over $8.9 million dollars, an increase of 91% from the previous year when our final numbers come in." Santa Fe Cattle Co. opened a record 9 new stores in 2008. Mr. York went on to say, "We expect 2009 to be another banner year for us as we plan to open 10 new stores and expect revenue to again increase by over 60%. We recently opened two new restaurants last week and have 3 stores under construction and will open our 31st store next month in Glenpool, OK." Mr. York also noted that the seven additional locations slated for 2009 are all under contract and will start construction in the next 90-180 days.
Santa Fe will be providing a letter from the Chairman to all investors in the next few weeks to review all of the positive developments within the company and review the company's strategies for 2009.Investors can learn more about the company, the food, store locations, and future restaurant sites on our website: www.santafecattle.com.
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