This is a major potential growth move for the company, which operates a total of 53 restaurants across 23 states and Washington, D.C.īarcelona generated $60.2 million in net sales in 2017, including a 1.9 percent increase in same-store sales, year-over-year. Del Frisco’s sees this as the larger growth vehicle with the market potential between 200–300 domestic restaurants. Del Frisco’s said it estimates market potential of 50–100 domestic restaurants.īartaco has 16 locations and four under development. is known for its wine list of 400 Spanish and South America wines and is inspired by the culture of Spain and its tapas bars. The largest Spanish restaurant concept in the U.S. There are 15 Barcelona concepts and three under development. They will provide opportunities to enable us to capture market share in the experiential dining segments, while mitigating the risk of seasonality and economic downturns to our current restaurant portfolio," said Norman Abdallah, chief executive officer of Del Frisco's Restaurant Group, in a statement.
“We believe Barteca's innovative and ‘best in class' concepts are highly complementary and will provide Del Frisco's portfolio with significant growth and development opportunities. The company operates 31 restaurants across 10 states and Washington, D.C. The parent company of Del Frisco’s Double Eagle Steakhouse, Del Frisco’s Grille, and Sullivan’s Steakhouse entered into a definitive agreement to acquire Barteca Restaurant Group for $325 million in cash.īarteca includes Barcelona Wine Bar and bartaco.
Del Frisco’s first-quarter earnings came with a blockbuster announcement for the restaurant company.
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