Qdoba

QDOBA Completes Whole Business Securitization, Providing Additional Liquidity to Supercharge Growth

Retrieved on: 
Wednesday, November 29, 2023
Retail, Restaurant, Bar, Food, Beverage, Growth, Qdoba, SONIC, Butterfly, LLP, Kirkland & Ellis, Barclays

QDOBA Restaurant Corporation (“QDOBA”), the leading fast-casual Mexican restaurant franchisor and portfolio company of Butterfly Equity (“Butterfly”), today announced the closing of its inaugural $305 million whole business securitization through Qdoba Funding LLC.

Key Points: 
  • QDOBA Restaurant Corporation (“QDOBA”), the leading fast-casual Mexican restaurant franchisor and portfolio company of Butterfly Equity (“Butterfly”), today announced the closing of its inaugural $305 million whole business securitization through Qdoba Funding LLC.
  • The transaction optimizes QDOBA’s capital structure for ongoing growth and provides meaningful interest expense savings.
  • Despite industry headwinds, QDOBA was also able to achieve 6% positive systemwide same store sales growth in fiscal year 2023, ending October 1st.
  • “Under Butterfly's ownership, QDOBA has continued to accelerate and emerge as the leading Mexican franchisor uniquely suited for this transaction,” stated Francesco D’Arcangelo, Principal at Butterfly.

Hawaiian Bros Appoints Carin Stutz and Carol DiRaimo to its Board of Directors

Retrieved on: 
Tuesday, November 14, 2023
McAlister's Deli, Checkers and Rally's, Entrepreneurship, Applebee's, Checkers, International, The Wendy's Company, Red Robin, Applebee, Jack, Box, Growth, Management, Qdoba

KANSAS CITY, Mo., Nov. 14, 2023 /PRNewswire/ -- Hawaiian Bros Inc. (HBros), the fast-casual pioneer known for its commitment to island-inspired cuisine and the aloha spirit, proudly announces the addition of two transformative figures, Carin Stutz and Carol DiRaimo, to its Board of Directors.

Key Points: 
  • Both Stutz and DiRaimo bring a wealth of experience and accomplishments, highlighting HBros' incredible growth and solid positioning in the fast-casual dining sector.
  • Carin Stutz has an impressive track record, with leadership roles at industry giants like Red Robin, Brinker, Wendy's International, and Applebee's International.
  • "At Hawaiian Bros, there's a distinctive atmosphere that's steeped in authenticity, growth, and innovation," commented Cameron McNie, Co-Founder and Executive Chairman of the Board.
  • With Stutz and DiRaimo joining the board, Hawaiian Bros underscores its commitment to industry-leading expertise and growth.

KBRA Assigns Preliminary Ratings to Qdoba Funding LLC Series 2023-1

Retrieved on: 
Tuesday, October 10, 2023
Professional Services, Finance, Note, Issuer, Qdoba, KBRA, Intellectual property, LTM, WBS, SWS, Security (finance), Telescopic sight, Series

KBRA assigns preliminary ratings to the Series 2023-1 Class A-1-VFN Notes, Series 2023-1 A-1-LR Notes and Series 2023-1 Class A-2 Notes.

Key Points: 
  • KBRA assigns preliminary ratings to the Series 2023-1 Class A-1-VFN Notes, Series 2023-1 A-1-LR Notes and Series 2023-1 Class A-2 Notes.
  • Qdoba 2023-1 is the inaugural securitization in which Qdoba Restaurant Corporation (Qdoba or the Company) will contribute substantially all of its revenue-generating assets to the Issuer as collateral for the offered notes.
  • Similar to other master trust WBS transactions, the Issuer can offer subsequent series of notes if certain requirements in the transaction documents are met.
  • The Issuer is issuing three note classes totaling $330.9 million (the Series 2023-1 Notes).

Qdoba Mexican Eats® To Open at 426 W. Baltimore Street Near Hippodrome This Summer

Retrieved on: 
Wednesday, August 30, 2023
Rita's Italian Ice, Qdoba, Reader, Retail leasing, Queso, Tenant, Senior, Starbucks, Fast food

BALTIMORE, Md., Aug. 30, 2023 /PRNewswire/ -- QDOBA, the leading fast-casual Mexican restaurant known for bringing flavor to people's lives, will open a new location at 426 W. Baltimore Street in Baltimore MD.

Key Points: 
  • BALTIMORE, Md., Aug. 30, 2023 /PRNewswire/ -- QDOBA, the leading fast-casual Mexican restaurant known for bringing flavor to people's lives, will open a new location at 426 W. Baltimore Street in Baltimore MD.
  • The restaurant signed a lease with David S. Brown Enterprises for a position in the 400 W. Baltimore Street project.
  • With their opening, it further strengthens our tenant roster at Baltimore Street with Nando's Peri-Peri, Starbucks and Rita's Italian Ice."
  • We look forward to supporting them and their expansion at 400 W. Baltimore Street in addition to bringing more quality retail establishments to the community."

Automox Launches Otto AI, a Groundbreaking Generative AI Agent to Automate IT Operations at Scale

Retrieved on: 
Tuesday, July 18, 2023
Knowledge, Qdoba, Gartner, Skillsoft, Intelligence, Automation, Security, Organization, MacOS, Risk, AI, Environment, Sales, Microsoft Windows, Linux

"Otto AI is a game-changer for IT automation," said Tim Lucas, CEO of Automox.

Key Points: 
  • "Otto AI is a game-changer for IT automation," said Tim Lucas, CEO of Automox.
  • "Our customers have been asking for a solution that could help them automate mundane tasks and give them time back to do more important work.
  • "Otto AI is one of the most exciting features we've launched at Automox to date," Lucas added.
  • Otto AI is available today for all Automox Complete customers as a free preview and will be made available as an upgrade later this summer.

Rita's Italian Ice & Frozen Custard joins David S. Brown Enterprises

Retrieved on: 
Wednesday, May 10, 2023
Holley, Heart, Partnership, Arts district, University, University of Maryland Medical System, Senior, University of Maryland, College Park, Baltimore Convention Center, Education, Pleasure, Oriole Park at Camden Yards, Retail leasing, Lexington Market, Rail transport, Qdoba

BALTIMORE, May 9, 2023 /PRNewswire/ -- Rita's Italian Ice has signed a lease with David S. Brown Enterprises, at 419 W. Baltimore in the Renaissance District of Baltimore City, mere footsteps away from University of Maryland, Baltimore.

Key Points: 
  • BALTIMORE, May 9, 2023 /PRNewswire/ -- Rita's Italian Ice has signed a lease with David S. Brown Enterprises, at 419 W. Baltimore in the Renaissance District of Baltimore City, mere footsteps away from University of Maryland, Baltimore.
  • The opening at their new location, 419 W. Baltimore Street, is scheduled for May 2023.
  • We are excited to have them aboard as this is their fourth location within our portfolio" said Ken Bernstein, Senior Vice President of Retail Leasing at David S. Brown Enterprises.
  • "We've received great service and support from David S. Brown Enterprises every step of the way," Albert Holley stated.

Emerging Markets Report: The Mastermind Behind the Brand

Retrieved on: 
Tuesday, April 11, 2023
Food Network Star, Partnership, Kiss from a Rose, OTCQB, Qdoba, The Halal Guys, Kiss, KITL, Growth, News, Economics, Fast food, Video game, Fransmart

ORLANDO, Fla., April 11, 2023 (GLOBE NEWSWIRE) -- Previously, we introduced Kisses From Italy Inc. (OTCQB:KITL), a publicly listed U.S.-based company, restaurant chain operator, franchisor, and product distributor with locations in the United States, Canada and Europe, and its partnership with celebrity chef, Food Network Star, restaurateur and cookbook author Scott Conant. Now, it is time for the company’s current advisor, Fransmart, to have the spotlight.

Key Points: 
  • Fransmart is a global leader in franchise development, selling over 5,000 franchises worldwide and turning emerging restaurant concepts into national and global brands for 20 years.
  • The company serves as Kisses From Italy’s current advisor and exclusive global developer and representative, aiding brand development and growth.
  • Fransmart’s website provides informative videos giving insight into what it took to create the company, its focus and the process of acquiring brands.
  • Fransmart specializes in seeing the potential of each brand and Rowe stresses the importance of getting involved early.

Jersey Mike's Tops Competition for Sandwich Quick Serve Restaurant in Market Force Information's 2022 Study

Retrieved on: 
Thursday, March 2, 2023
Popeyes, Arby's, Market Forces, KFC, Church's, McAlister's Deli, Macdonald, Taco Bell, Sonic Drive-In, Box, McDonald's, Noma (restaurant), Cava, Krispy Kreme, Checkers and Rally's, Panera Bread, Firehouse Subs, Little Caesars, Noodles & Company, CMSO, Burger King, McAlister, Raising Cane's Chicken Fingers, Perception, Pizza Hut, Dutch Bros. Coffee, Starbucks, Dairy Queen, Wendy's, Growth, Fire station, El Pollo Loco, Qdoba, Food quality, Panda Express, QSR, CLI, Fast food, Film industry, Retail, Chick-fil-A, Chipotle, Subway, Checkers, Jersey Mike's Subs

ATLANTA, March 2, 2023 /PRNewswire-PRWeb/ -- Jersey Mike's wins customer loyalty and satisfaction in the sandwich category, according to Market Force Information's recent study.

Key Points: 
  • Jersey Mike's wins for best sandwich experience in a Quick Serve Restaurant (QSR), according to Market Force Information's new 2022 QSR / Fast Casual Study.
  • ATLANTA, March 2, 2023 /PRNewswire-PRWeb/ -- Jersey Mike's wins customer loyalty and satisfaction in the sandwich category, according to Market Force Information's recent study.
  • "The customers have spoken," says Scott Griffith, CMSO for Market Force.
  • Over 5,000 people were surveyed in Market Force's 2022 Quick Serve Restaurant (QSR) / Fast Casual Study.

Olo and Flybuy Strategic Partnership Launches New Premium, Integrated Olo Expo and Order Fire Solutions to Streamline Restaurant Operations for Pickup

Retrieved on: 
Thursday, March 2, 2023
Software as a service, OLO, Tablet, Applebee's, SVP, BurgerFi, Intelligence, Corporation, Pickup, Food, Partnership, City Barbeque, IHOP, ETA, El Pollo Loco, Qdoba, Restaurant, Tropical Smoothie Cafe, Fast food, Video game, Online shopping, Hooters, Flybuys

WASHINGTON, March 2, 2023 /PRNewswire-PRWeb/ -- Flybuy, Radius Networks' location-based customer experience platform, announces two new integrations with Olo, a leading open SaaS platform for restaurants, to help streamline staff operations. Flybuy Pickup is now fully integrated to provide ETA and arrival events within Olo Expo, optimizing order prep and hand-off. Flybuy Pickup is now also fully integrated to automate Manual Fire Orders based on customer location.

Key Points: 
  • Flybuy Pickup is now fully integrated to provide ETA and arrival events within Olo Expo, optimizing order prep and hand-off.
  • Teriyaki Madness , a fast-casual Asian restaurant concept with 115 locations worldwide, has deployed the Flybuy Pickup integration with Olo Expo to streamline operations and enhance their off-premise solution.
  • The newly integrated Flybuy and Olo Expo solution enables Olo Expo to display multiple location events (accurate ETA, pre-arrival notifications, arrival notifications, etc.)
  • Olo and Flybuy have also integrated to automate order fire events for Olo manual fire orders based on customer location.

Birdcall, Rapidly Growing Colorado-Based Restaurant and Technology Concept, Announces Mark Lohmann as CEO

Retrieved on: 
Tuesday, December 20, 2022
Organization, Boston Consulting Group, Utah Parks Company, Park, Entrepreneurship, Qdoba, CXO, Creativity, Poncho, Lohmann, Multimedia, QSR, School, Box, Restaurant, Management, Fast food, Bird vocalization, Quiznos, Marketing

DENVER, Dec. 20, 2022 /PRNewswire/ -- Birdcall, an elevated QSR restaurant brand focused on natural chicken with a proprietary and vertically integrated technology platform, announced today that Mark Lohmann, most recently the President of REGO Restaurant Group, will become the brand's new Chief Executive Officer (CEO). The innovative restaurant company currently has nine restaurants in Colorado and Arizona and will double in size in 2023 while expanding into Texas. Current CEO and Co-Founder, Peter Newlin, who has held the position since the brand's inception, will become the company's first Chief Experience Officer (CXO). As Birdcall embarks upon a new growth phase, including the concept's first four restaurants in North Texas, the brand will rely heavily on Lohmann's experience scaling restaurant brands.

Key Points: 
  • "Birdcall is competitively advantaged and differentiated versus other brands in a unique and special way," says new Birdcall CEO Mark Lohmann.
  • "We have a leading edge and proprietary technology ecosystem, high-quality natural chicken, superior hospitality, and some of the best food you can get anywhere.
  • Prior to joining Birdcall as the new CEO, Lohmann was President of REGO Restaurant Group, the parent company of Quiznos and Taco Del Mar.
  • For media information or interviews with Birdcall CEO Mark Lohmann or CXO Peter Newlin, contact Sarah Shepard, Director of Marketing, by email at [email protected]
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