IBAC Corporation (IBCX.PK) has expanded into the world of fine dining establishments with its Sanibel Restaurant Group and the food & beverage management services sector with its National Hospitality Management Co. The demand for fine dining continues to increase along with the food & beverage management services industry. The company has also expanded into the hospitality industry as a natural fit to the on going business model with its Royal Arkansas Hotel & Suites Unit and The Memphis Airport Hotel & Restaurant.
The Sanibel Restaurant Group operates the Ft Myers Sanibel – Palms Steakhouse in Florida this is an upscale steakhouse featuring top quality steaks and chops along with fine wines.
The National Hospitality Management Co. Holds an exclusive five year lease with the Pine Bluff Convention Center for all food/beverage and catering & concessions for the facility.
The Royal Arkansas Hotel & Suites is a 200 room full service facility with two restaurants a large lounge and 10,000 square feet of banquet space and is connected to the Pine Bluff Convention Center.
The Memphis Airport Hotel & Restaurant is a 128 Room interior corridor hotel located adjacent to the Memphis International Airport with a free standing 5,000 square foot restaurant on the property and is located just two miles from Graceland.
These properties owned as subsidiaries of IBAC Corporation are positioned in their respective markets for above average success as they were critiqued extensively prior to acquisition.
It is in this environment that IBAC has developed its strategy for growth and competition. Through the brand development of its network of subsidiaries, IBAC intends to capitalize on the growing margins existing in the restaurant, food and beverage and hospitality industries.
In order to realize increased profit margins, IBAC is in pursuit of new marketing and brand recognition strategies while expanding our organization into divisions including upscale Steakhouses & Other Theme Restaurants, and horizontally related businesses in order to reduce cost. By forging strategic relationships, and through mergers and acquisitions, IBAC will benefit from the economies of scale and increase profit.
IBAC intends to expand rapidly nationwide by establishing or acquiring upscale restaurants and hotels in top markets. By successfully increasing the brand recognition of its subsidiaries, IBAC will capitalize and expand upon their existing appeal, capturing increased market share in numerous new markets as they are acquired.
