Thursday, February 19, 2015

Bourbon Brothers Holding Corp. (RIBS) Preparing for Massive Growth

Bourbon Brothers Holding, through its subsidiaries, is a restaurant holding company focusing on southern fare. Currently, the company operates two full service restaurants: Southern Hospitality, which is located in downtown Denver, Colorado, and Bourbon Brothers Southern Kitchen, which is located in Colorado Springs, Colorado. In addition, the company recently announced intentions to open two new full-service Southern Hospitality restaurant locations in Lone Tree, Colorado, and downtown Colorado Springs, Colorado, respectively. Bourbon Brothers’ rapid growth plans also include a fast casual barbecue concept, which is expected to be rolled out in the Denver market during 2015.

With plans for the initial location being finalized, officials have already indicated that the company expects the majority of its anticipated growth to come in this new fast casual format due to its overall scalability. If current plans come to fruition, Bourbon Brothers will end 2015 with four full service locations, as well as at least one fast casual unit.

The company’s primary focus for the future lies with its Southern Hospitality-branded fast casual restaurant concept, which has instant name recognition within the culinary world. Cofounded by celebrity musician Justin Timberlake, the company expects the Southern Hospitality brand to help increase awareness and confidence with consumers.

During 2014, the company realized an estimated 145 percent increase in revenue when compared to the previous year. This growth came largely as a result of the opening of its Colorado Springs restaurant location in January 2014, as well as a boost of approximately $150,000 in sales at the company’s original location in Denver. If these numbers are any indication of the growth potential for the company, Bourbon Brothers could be set for a massive jump in total revenue in the coming years. Early forecasts from management are predicting revenue topping $12.5 million in 2015.

For more information on the company and its expansion plans, visit www.bourbonbrothers.com

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