Chili's Grill & Bar restaurants
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Chili's Grill & Bar restaurants - overview
Established
1975
Location
Dallas, TX, US
Primary Industry
Travel & Leisure
About
Chili's Grill & Bar is a casual dining restaurant chain known for its diverse menu featuring American and Tex-Mex cuisine, including signature burgers and margaritas, aimed at providing a welcoming dining experience for various occasions. Chili's Grill & Bar operates as a casual dining restaurant chain that focuses on serving a variety of American and Tex-Mex dishes. Founded in 1975 in Dallas, US, by Lacey Pritchard, the company has undergone changes in its strategy without notable pivots or mergers. In June 2015, Brinker International acquired Chili's for USD 106.
5 mn. The company is headquartered in Dallas and has expanded to various locations across the United States, Canada, and select international markets. Chili’s operates as a casual dining restaurant chain, primarily focused on providing a diverse menu that features a variety of American and Tex-Mex cuisine. Their core product offerings include grilled chicken, shrimp, and pasta dishes such as penne in Alfredo sauce, alongside a range of appetizers like chicken tenders and fries.
Notable among their menu is the Big Mouth Burger® and a selection of premium margaritas made with Patrón tequila. The company aims to cater to various dining occasions, from casual meals to celebrations, by offering party platters and a happy hour that features drink specials. Chili's serves a broad customer base, including families, groups, and individuals across multiple geographical markets such as the United States, Canada, and select international locations, focusing on creating an inviting atmosphere for a diverse clientele. Chili’s generates revenue primarily through direct-to-consumer transactions in its restaurants, where customers purchase meals and beverages.
The business model typically involves menu pricing that reflects the costs associated with food and drink items, with specific pricing strategies for featured items like their signature margaritas and burgers. In addition to dine-in experiences, Chili’s offers take-out and delivery services, allowing for flexibility in how customers enjoy their meals. The structure of transactions may include loyalty programs such as My Chili’s Rewards®, which incentivizes repeat business by offering rewards for purchases. The restaurant also promotes special offers and promotional events, which drive customer engagement and increase sales during peak dining hours.
Chili's plans to utilize its recent funding from the acquisition by Brinker International to enhance its menu offerings and expand its market presence. Future initiatives include launching new signature dishes tailored to customer preferences and targeting expansion into international markets, particularly in Europe and Asia by 2025. Funding from the recent acquisition will support these expansions and product developments.
Primary Industry
Travel & Leisure
Sub Industries
Restaurants & Nightlife
Website
www.chilis.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Chili's Grill & Bar restaurants - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Chili's Grill & Bar restaurants | - | ||||||||
| Buyout | Completed | Chili's Grill & Bar restaurants | - |
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