Recipe Unlimited Corp
Recipe Unlimited Corp
Sector: Food & Beverages
Description
Recipe Unlimited Corporation is an integrated restaurant company based in Canada.
The company was initially founded as the Canadian Railway News Company in 1883. It changed its name to Cara Operations Limited a few years later.
The restaurant company went public in April 2015.
Its common stocks with the symbol ‘RECP’ trade on the Toronto Stock Exchange (TSX).
Recipe Unlimited owns and operates numerous restaurants that offer food services, including food menus, dining styles, etc.
The company’s portfolio consists of 24 restaurant brands that provide casual dining services, home delivery and takeout food services across Canada. Some of the leading restaurant brand franchises include:
• STATE&MAIN
• Fionn Maccool’s
• KELSEYS original ROADHOUSE
• Montana's
• East Side Marios
• Swiss Chalet
• NYF (New York fries)
• milestones
• ORIGINAL JOE’S
• Harvey's
• THE KEG steakhouse bar
• St Hubert
• THE BURGER’S PRIEST
• Elephant & Castle
The restaurant chain franchiser conducts business under four divisions:
• Retail and Catering
• Corporate Restaurants
• Central Operations
• Franchise restaurants
The Corporate Restaurant segment deals with managing the company-owned restaurants, which directly delivers food and beverages services to the consumer.
Under the franchised restaurant segment, the company manages franchisees offering services under various company-owned food brands, wherein the company earns royalties at pre-determined terms and conditions.
Recipe Unlimited has more than 1300 restaurants located in several communities across Canada, including 61 restaurants located across the globe.
Nearly 84 per cent of the total portfolio represents restaurants operated by joint venture partners and franchisees worldwide, India, Bahrain, Macao, Canada, Oman, the United States, Saudi Arabia, China, Panama and the United Arabs Emirates.
In May 2021, the Canada-based restaurant firm acquired an ownership interest in the 'Fresh – Crave It – Recipe’ and THE BURGER PRIEST joint venture to reportedly support the new market growth of Fresh Plant Powered Restaurants.
In addition, it launched another Ultimate Kitchens store in Ontario, which offers home delivery and takeout food service under the brands of East Side Marios, THE BURGER PRIEST, Swiss Chalet, Montana's, and Fresh Restaurants.
To contain the spread of the novel coronavirus, the company claims to have offered rapid antigen testing, Abbott's Panbio™ approved by Health Canada, in all its restaurants across the country.
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