Villa Enterprises Expands International Portfolio and Announces Plans for Acquisition
With the close of 2012, Villa Enterprises Management Ltd., Inc., a global multi-concept restaurant operator, celebrates another successful year, further expanding its portfolio, opening concepts in four additional countries, and announcing aggressive plans for acquisition.
“We’ve built remarkable momentum, growing our portfolio and enhancing our offerings across our brands,” explains CEO Anthony Scotto. “We have always been focused on the future and this year marked an incredible one for Villa Enterprises, putting us in a great position to continue growing our family in 2013.”
Villa Enterprises saw positive comparative sales growth across its portfolio, and as part of its expansion added more than 30 new QSR units – a near even split among domestic and international locations – to its growing portfolio over the course of 2012. Most notably, Villa Enterprises introduced its concepts in four additional countries, including Azerbaijan, Turkey, Egypt, and Colombia. The franchisor also sold nearly 50 franchises globally.
“International growth is a huge focus for us at Villa Enterprises, and the demand for our brands and food around the world is flourishing,” says Christopher Fox, vice president of international business development. “We now have locations in the United States and seven additional countries, and look forward to adding more to our roster in the coming year.”
To fuel the funding of acquisitions, Villa Enterprises announced a seven-year, $15M credit facility in October. With the credit line and the company’s cash reserves, Villa is in a great place to deliver on its expansion plan. The company acquired The Office chain out of bankruptcy in 2011 and acquired Everything Yogurt Brands in 2003.
As Villa Enterprises enters the New Year, a dozen new units are scheduled to open during the first quarter and the company hopes to open concepts in five additional countries in 2013. Villa Enterprises is also concentrating on strategic acquisitions, international expansion, and broadening its presence within outlet shopping centers, casinos, and airports – with both single and multi-unit openings.