IRCC SAS Industria de Restaurantes Casuales SAS

IRCC SAS Industria de Restaurantes Casuales SAS operates El Corral, a prominent fast-food chain in Colombia known for its diverse menu, including hamburgers, milkshakes, and ice cream, catering to families and individual consumers seeking casual dining experiences. Founded by Esteban Barra, IRCC SAS operates El Corral, specializing in casual dining. The company is headquartered in Bogota, Colombia and has engaged in private financing, with a notable investment from Astor Capital Group in November 2012. El Corral specializes in a diverse range of food offerings, prominently featuring hamburgers, milkshakes, and ice cream.

Their core product line is designed to cater to a broad customer base seeking quality fast food and sweet treats, serving both individual consumers and families looking for casual dining experiences. The company focuses on delivering freshly prepared items with an emphasis on the quality and weight of proteins used in their meals, ensuring transparency regarding the weight in its raw form. El Corral's products are marketed mainly within urban areas across Colombia, appealing to customers seeking both dine-in and takeaway options. The brand aims to provide a satisfying experience through its varied menu, which includes promotional items and seasonal offerings.

In the fiscal year 2023, El Corral generated revenue of USD 159. 20 mn and achieved an EBITDA of USD 26. 41 mn. The company generates revenue primarily through direct transactions with consumers at its physical locations and through home delivery services.

The company operates on a straightforward pricing model where individual food items are offered at set prices, including taxes for clarity. Transactions typically involve the sale of meals, beverages, and desserts, with opportunities for upselling additional items. El Corral also engages in corporate partnerships for catering services, expanding its revenue streams beyond individual consumer sales. El Corral plans to expand its market presence by introducing new product lines and enhancing its current offerings.

The company is targeting expansion into additional urban markets within Colombia, leveraging its established brand to attract new customers. The funding acquired in November 2012 from Astor Capital Group will support these growth initiatives, though specific allocations have not been disclosed.