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Carrols Restaurant Group  Properties For Sale

    



Interested in Purchasing a Carrols Restaurant Group Property for Investment?

 

If you wish to purchase a Carrols Restaurant Groupproperty for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Carrols Restaurant Group properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

Carrols Restaurant Group

 

 
Price: 

$1M - $3M


Lease Term
:


15 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%
Name  Carrols Restaurant Group 
Public
Traded as NASDAQTAST
Industry Restaurants (  SICcode 5812)
Founded 1960  [1]
Founder Herbert N. Slotnik  [1]
Headquarters Syracuse, New York,U.S.
Number of locations 
554O; 30franchised  [2]
Area served 
United States,Puerto Rico,Ecuador  [2]
Key people 
Dan Accordino, CEO
Products Burger King(franchisee) 
Taco Cabana(owner) 
Pollo Tropical(owner)  [2] 
Revenue US$816.1 million (Fiscal year 2009)  [3]
US$20 million (FY 2009)  [3]
US$21.8 million (FY 2009)  [3]
Total assets US$440 million  [3]
Number of employees 
over 10,000  [1]
Website www.carrols.com
 

      

About Carrols Restaurant Group :

 

 

Carrols Restaurant Groupis the largest Burger King franchisee in the world; Carrols owns and operates over 650 Burger King locations across 20 U.S. states.  

The company formerly owned the restaurant chains Pollo Tropical, Taco Cabana, and Carrols. The original Carrols chain ceased operations in the United States in the mid-1970s. The last unaffiliated Carrols Restaurants existed in Finland. The chain was eventually bought out by another Finnish fast-food chain, Hesburger. In 2012, Hesburger announced that the brand Carrols would be discontinued; the last Carrols (in Oulunkylä) was renamed Hesburger on May 29. 

An offshoot of the Tastee-Freez company, it was named for the daughter of Tastee-Freez co-owner Leo Marantz, Carol.[4][5]

 

 

Herb Slotnick bought the franchise rights for the New York area and started opening restaurants in the Syracuse, New York area in the early 1960s. They expanded over the years throughout New York state. During the 1960s, a yellow slug character served as Carrols' first mascot, replaced in 1974 by a young blonde boy wearing a tweed suit and a Fedora hat. 

Most Carrols restaurant locations were converted to Burger King franchises in 1975, with less profitable stores shuttered. After the conversion, the Carrols brand was only found overseas inFinland, Sweden, Estonia, Latvia and  Russia, except for a single franchisee-owned store in Batavia, New Yorkwhich operated under the Carrols name into the 1980s before closing.

 

The Finnish group Carrols, opened up several locations in St. Petersburg, Russia in the mid-to-late 1990s. In 1998 they opened their first operation in Moscow, located at 'then' the new Ohotni Riad Mall. Unfortunately, because of the Financial Crisis of 1998, their operations did not generate enough sales for Carrols, and by 2000 all Carrols outlets in Russia were closed.

 

The Finnish restaurant company Hesburger started to buy out the last existing Carrol's locations in Helsinki, Finland in the mid-2000s. 

On December 9, 2005, Carrols Holdings and Mimi's Café was filed for offerings.[6] 

In February 2011 the company announced it was divesting itself of its two Spanish themed chains, Taco Cabana and Pollo Tropical, in a spin-off aimed at helping the company focus on its core Burger King operations.[7]The sale of the two chains, collectively called the Fiesta Restaurant Group, was completed in May 2012.[8] 

In June 2012, Carrols acquired 278 Burger King locations from Burger King for approximately$150 million. In exchange, the Burger King parent, Burger King Corporation took a 28.9% stake in the company. The transaction involved a line of credit that would be used by Carrols to renovate more than 450 of its stores.[8] 

 

Carrols Restaurant Group Properties For Sale Across the United States: 

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming 



 

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