Foodtastic operates a portfolio of restaurant brands and pursues growth through acquisitions and franchise expansion. The company follows an asset-light organic-growth strategy and its franchisees plan to open 90 new restaurants over the next 30 months. Over the past two years Foodtastic executed an acquisition program that resulted in 10 acquisitions, including Rotisserie Benny and Monza. Foodtastic’s balance sheet is unleveraged, and management intends to raise debt financing to complement new equity capital. The company intends to use incoming capital to continue its acquisition strategy and support organic expansion driven by franchise partners. Foodtastic is a Quebec-based franchisor that operates multiple restaurant concepts including La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. The company is a leader in restaurant franchising in Quebec, operating more than 40 restaurants and reporting about $100 million in annualised sales. Foodtastic pursues growth both organically and through acquisitions of restaurant brands with strong growth potential. In 2018 the company opened 13 new restaurants and planned 18 additional openings for 2019. Management, led by President and CEO Peter Mammas, says the new capital will accelerate the company’s acquisition strategy while supporting continued organic expansion.

Total raised

$97M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2021