Carrols Restaurant NNN Properties for Sale
Are you looking to buy or sell a Carrols Restaurant Ground Lease Property, or NNN Lease Carrols Restaurant Property for passive investment? If you would like to buy or sell Net Lease Carrols Restaurant Properties, please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
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| Type | Public |
|---|---|
| Nasdaq: TAST Russell 2000 Component | |
| Industry | Restaurants (SIC code 5812) |
| Founded | 1960[1] |
| Founder | Herbert N. Slotnik[1] |
| Headquarters | , |
|
Number of locations |
1,000 O&O; 30 franchised[2] |
|
Area served |
United States, Puerto Rico, Ecuador[2] |
|
Key people |
Dan Accordino, CEO, 2012-2022 Paulo Pena, CEO, 2022- |
| Products | Burger King, Popeyes (franchisees) |
| Revenue | US$1.52 billion (Fiscal year 2019)[3] |
| US$20 million (FY 2009)[3] | |
| US$211.01 million (FY 2019)[3] | |
| Total assets | US$440 million (2009)[3] |
|
Number of employees |
More than 10,000[1] |
| Website | www.carrols.com |
Carrols Restaurant Group – Offering a welcome opportunity to invest fast food industry
Carrols Restaurant Group Inc. is the largest BURGER KING® franchisee in the United States. Operating in 16 states and employing over 18,000 people, the Carrols Restaurant Group has its headquarters in Syracuse, New York. Carrols Restaurant Group owns and operates nearly 700 BURGER KING® franchises across the states.
The people connect
Carrols Restaurant Group Inc. has developed thus far because of its dedication to building supportive and caring communities for its employees to work and live. Carrol Group believes in giving back to the community with charitable services. The career growth of individuals are given extra care and has a history of restaurant level and district supervisory staff being with the company for years, sometimes decades, which is not the norm in the restaurant business.
The rich history
Founded as a division of a larger Midwestern firm In the year 1960 by the name of Carrols systems, Herbert N. Slotnick got the exclusive license rights for the state of New York. Then began the legacy of Carrols Drive-In Restaurants of New York which soon became the largest and most flourishing franchise group in the System.
Since then Carrols became the leader in the growing fast food field in the northeast and has become one of the largest regionalized fast food chain with over 150 restaurants in the northeastern United States.
Presence in the market
The Carrols Restaurant Group trades in the NASDAQ as a public stock. With over 5540 locations (30 franchised) the group serves United States, Puerto Rico and Ecuador. The average Lease Term for a Carrols Restaurant Group investment property is 15 – 20 years, with a rate of 10% every five years. The restaurant lease extensions can range from 20 -40 years and provides Corporate and Franchise lease guarantees.
An interesting investment opportunity
The Carrols Restaurant Group has revenue of US $816.1 million (as of the Fiscal Year 2009) and an operating income of US$ 20 million. The Group last financial year reported a Net Income of US$21.8 million and a total assets value of US$ 440 million.
It employs thousands of people and believes in offering a productive work place. The Carrols Restaurant Group believes in the individual career growth of each of its employees and which, together collectively influences the overall growth rate of the company.
Carrols Restaurant Group owns the Taco Cabana and the Pollo Tropical group of companies and holds the franchise of Burger King restaurants. The ever-growing trajectory has greatly increased the opportunities the Carrol Restaurant Group offers in the terms of real estate and leasing.
The strengths
Carrols Restaurant Group focuses on the people and believes in individual growth leading to the overall company growth. The obligation of the employee is to work smart and utilize the environment to learn and advance while the obligation of the company is to provide an environment that nurtures and trains the individual employees. The group provides classroom training, in-restaurant training and personal career counseling with the District Supervisor.
With the continued expansion there are many career opportunities in Carrols. The ‘promotion from within’ policy believes in filling each of the management openings by promoting an existing Carrols’ employee. Carrols believes in rewriting the rules of bureaucracy and tenure.
Anti-Discrimination and Harassment properties
Carrols Restaurant Group Inc. is famous for its anti-discrimination and harassment policies and deals with complaints of discrimination and sexual harassment seriously. The free and open policy allows for anonymous filing of reports at www.carrlsethics.com that will give proper guidance with the preventive and ethics policy of the company.
Properties for sale
Carrols Restaurant Group investment properties are available for sale in Alabama, Alaska, California, Colorado, Delaware, Florida, Georgia and many other states in the United States of America. Individuals looking for investment can get in touch with the investor relations cell at Carrols Restaurant Group and the representatives will hand hold walk them through the entire process, just like they do with their employees.
