Willie's Grill & Icehouse

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Willie's Grill & Icehouse - overview

Established

1993

Location

Hill Country Village, TX, US

Primary Industry

Travel & Leisure

About

Willie's Grill & Icehouse offers a vibrant dining experience focused on a diverse menu of Texas-inspired food and beverages, catering to families and social gatherings in a relaxed atmosphere. Founded in 1993, Willie's Grill & Icehouse is a restaurant specializing in casual dining with a focus on Texas icehouse culture. The company operates from Hill Country Village, US, and has maintained a consistent business operation since its inception. In September 2015, CIC Partners acquired Willie's Grill & Icehouse, although the financial terms of the transaction were not disclosed.


The most recent deal marks a significant milestone for the company, demonstrating its continued relevance in the dining sector. Willie's Grill & Icehouse primarily offers a diverse menu of food and beverages, designed to embody the quintessential Texas icehouse experience. The core product offerings include a range of burgers, sandwiches, and seasonal items, such as the Bacon Jam Brisket Burger and Hot Honey Chicken Sandwich, known for their bold flavors and fresh ingredients. The company aims to cater to families and social groups seeking a casual dining atmosphere for good conversation and enjoyment of hearty meals and cold drinks.


Willie's Grill & Icehouse targets customers primarily in the Texas region, with a notable presence in College Station and other surrounding areas, providing dine-in, pickup, and delivery services. The establishment also emphasizes community engagement through initiatives like fundraising and local partnerships, reinforcing its commitment to serving neighborhoods and enhancing customer loyalty. Willie's Grill & Icehouse generates revenue through direct-to-consumer sales, primarily from its dining services which include on-site meals and takeout options. Customers place orders for food and beverages either in person or through online platforms, reflecting contemporary consumer preferences for convenience.


The pricing structure is designed to appeal to a wide demographic, offering both individual menu items and potential promotional deals through programs like Willie’s Rewards, which incentivizes repeat business by providing complimentary appetizers to returning customers. Transactions are typically straightforward, with revenue derived from menu items such as burgers and sandwiches, indicating a focus on volume sales within the casual dining sector. The company's engagement in community-driven fundraising events further enhances its revenue streams by attracting additional patronage and fostering local support. Willie's Grill & Icehouse is focused on expanding its product offerings and geographic reach.


The company is designing new menu items to appeal to evolving consumer tastes, although specific product launch dates have not been provided. Additionally, there are plans to enter new markets within Texas, with potential expansion into neighboring states by 2025. The funding from the acquisition in September 2015 will be utilized to support these initiatives, helping to enhance operational capabilities and market presence.


Current Investors

CIC Partners

Primary Industry

Travel & Leisure

Sub Industries

Restaurants & Nightlife

Website

www.williesgrillandicehouse.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Willie's Grill & Icehouse - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedWillie's Grill & Icehouse-

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