SSCP Management Ventures Into Commercial Real Estate
Award-winning restaurant company adds real estate vertical
Style Magazine Newswire | 10/6/2022, 12:45 p.m.
SSCP Management is renowned for its success in the restaurant industry and currently manages more than 400 locations with over $600 million in revenue. The award-winning company is now planning to build on that success with significant investments in the commercial real estate market.
The Dallas-based company owns and operates a vast portfolio of fast casual, quick service, casual dining and fine dining restaurant brands including Cicis, Sonic Drive-In, Applebee’s and Roy’s. Each of its concepts is a successful and well-established brand that generates steady cash flow, enabling SSCP to diversify its portfolio.
“We are fortunate to have great teams and a strong collection of restaurants which have almost no debt and as a result we have a strong and steady stream of cash flow,” said SSCP President Chris Dharod. “As we looked at new ways to consistently invest this cash, we decided to build a restaurant vertical within SSCP. We have quickly put together a portfolio of 100+ retail and multi-family properties encompassing over 500,000 square feet.”
SSCP is heavily invested in Texas, with 25 percent of its restaurants located within the Lone Star State’s major metropolitan and geographic hubs of Dallas-Fort Worth, Houston, San Antonio and Austin. The company’s growth plan includes further expansion in the restaurant industry across the United States while also acquiring commercial real estate properties outside of its homebase with a focus on major metro or high-growth markets.
With more than 10,000 employees nationwide, consistent annual revenue increases and less than a 10% debt-to-enterprise value, SSCP is properly positioned to make great strides quickly and effectively in the commercial real estate sector. The focus will be on growing its portfolio with retail establishments, shopping centers, medical complexes, office buildings and multi-family properties.
“We are among the most financially healthy and liquid restaurant companies in the industry,” Dharod added. “We are 100% family-owned and operated, which enables us to be nimble in our decision-making. These are inherent advantages that we plan to capitalize upon to build our portfolio with retail and multi-family real estate properties around the country.”
To learn more about SSCP Management visit sscpmanagement.com.
About SSCP Management
SSCP Management, Inc. is an award-winning, family-owned and operated company with a portfolio of high-profile restaurant brands and real estate holdings. The Dallas-based company is a leader in the restaurant industry with brands such as Cicis, Sonic Drive-In, Applebee’s, and Roy’s. SSCP and its affiliates are a majority owner in Cicis, while Gala Capital is a minority investor. SSCP Management’s real estate practice focuses on portfolio purchases, individual purchases, multi-family investments and retail properties. Led by President Chris Dharod, the company’s primary objective is to strengthen the communities it invests in and provide second-to-none service through all its business ventures. For more details, visit sscpmanagement.com.