Dallas-Based Company to Take Ownership of 103 Franchised Chili’s Restaurants

Dallas-based Brinker International has announced its plans to purchase 103 franchised Chili’s Grill and Bar restaurants for $106.5 million. As part of the purchase, the company has also announced plans to implement the Chili’s loyalty program in all of the restaurants it is adding to its portfolio. Brinker International also has plans for a complete re-imaging of the portfolio in an effort to further support its franchise partners in terms of growth and expansion.

Over the past year, the Chili’s Bar and Grill brand has enjoyed increased success. In the third quarter fiscal year 2015, which ended on March 25, the brand earned $784.22 million. This is a significant leap from 2014, at which time the brand earned $759.29 million within the same period of time.

Franchise revenues also increased by 11.9 percent from $20.1 million to $22.5 million for the third quarter of 2015, while franchise sales reached $424 million in sales. By purchasing so many of the restaurants, Brinker anticipates creating additional earnings while also increasing cash flow growth.

Altogether, Chili’s reports that it has 1,600 locations worldwide. 840 of these restaurants are still owned by Chili’s, which is expected to open anywhere from nine to 11 more company-owned restaurants during the fiscal year. The company also expects to see 33 to 35 new franchised locations opened in that same time period.

A Closer Look at Brinker International

Started in 1975 in Dallas, Brinker International is a hospitality industry company that owns and operates restaurants around the world. Altogether, the company owns and operates more than 1,500 restaurants, making it one of the largest casual dining restaurant companies in the world.

The majority of the company’s holds are Chili’s Grill & Bar and Maggiano’s Little Italy restaurants. The company also has a minority stake in Mac Acquisitions LLC and has been the owner of Romano’s Macaroni Grill since 2008. Due to the large number of restaurants that are in the company’s portfolio, more than a million people dine at one of the company’s restaurants each day.

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