Acquire GTc has been established as Kuwaiti company closed (under incorporation), with a current shareholding as follows:
Shareholder: Sima Capital (80%)
Share holder: Others (20%)
The Company’s offices are located on the 7th floor of Rakan Tower in Kuwait City.
Acquire Gtc objective as an F&B operating company is to play a leading role in the F7B industry in Kuwait and the wider GCC region by levraging the expertise of its management and staff in bringing innovative F&B concepts to the market while building sustainable and productive businesses and achieving above-average returns for its shareholders
The business objectives of the Company are as follows:
– Enter in to master franchises for the GCC region for reowned international F&B brands
– Develop innovative and home-grown F&B concepts, which are to be developed organically and through franchising arrangements expand throughout the GCC and wider MENA region
– Undertake private equity investments and acquisitions of existing businesses in the region.
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RESTAURANT INDUSTRY PROFILE
According to recent estimates, there are more than 100 ethinic varieties of food available in GCC region. Restaurants and other eateries range from food stalls to five- star restaurants.
Despite the prolonged effects of the recent global economic crisis, the GCC region’s food service industry witnessed growth in terms of units and transaction.Much of this growth was contributed by the QSR and cvasual Dining Restaurants, underpinned by market demand and lifestyle changes, such as seeing eating out as part of trendy lifestyle.
Entry of multi-national food service operators led to growth in competition in the marketplace. This stimulated the rise in the number of units, both of international and local chains. Although there was a slowdown during the economic crisis, the food service industry recovered faster than others, with value-based brands experiencing growth during the period through value offers. It is apprent that due to the GCC region’s demographics, effects on this sector are moderately short-term.
Most of the chains operating in the region are foreign. Home growth concepts and franchises are still in their early stages as they start to expand regionally. Franchises account for 82% of the market in the restaurant industry. Due to high Capital investment, conglomerates tend to develop home grown franchised concepts. Currently, there are many regional and local chains that have also experienced growth by applying this system to their operations(i.e. Zaatar W Zeit, Roadster, Let’s Burger, Slider Station, Burger Boutique, Chocolate Bar, Maki, Choowy Goowy, Prime & Toast… )
According to surveys spending on “eating out” is continuing to increase. Spending on cooked food as a percentage of total average foodspend reached 69% in 2009
Development and growth in the consumer food service market is expected over the forecast period with a constant value CAGR of 4%. Economists are predicting a strong economy over the forecast period.Thus, growth within the food service market is expected to continue strongly in line with populationgrowth as disposible income will remain high.
Acquire GTC has secured two renowned franchises for the GCC region and has launched two home grown concepts as below:
- Ribs and Rumps
- The Upper Crust Pizzeria
- Mama’s Kitchen
- Magnolia Bakery
- Rare cuts
High-End casual Dining Steak House
From its humble beginings in one of Sydney’s most popular seaside destinations over 13 years ago, it has now gone international with its sizzling steaks and finger licking Ribs! Renowned for serving the finest steaks and ribs, witha selection of wellaged steaks, mixed grills and mammoth portions, satisfying the biggest hunger in guranteed. I’s where every occasion is a celebration. It’s place to catch up with friends or share special moments with family. It’s a celebration of life. Just as serious about you having a good time as about the steaks, the restaurants are known for their funky and welcoming atmosphere topped with service that is slick and friendly.
Casual Pizzeria with an American Flare
Since 2001, this Pizzeria has been serving award-winning pizza to Boston-area residents craving something delicious and extraordinary. The concept is simple: use fresh ingredients in traditional and unexpected ways on top of a flavorful crust. The menu has grown from classic combos to more unique and daring pairings – all atop a mouth-watering style, thin crust. From the original storefront to any other location, customers can grab takeout, get delivery or choose to dine in. The award-winning architectural spaces include open kitchens, pizza tin-decorated ceilings, all adding up to deliver a truly unique experience.
Casual, Healthy, Fresh&Home-Made Gourmet Snacks
Opened in December 2007 in Kuwait City, it is currently catering to the city’s corporate community and is quickly becoming one of the premiere choices of young professionals in the workplace and beyond. Hip and trendy is the character of Munch’s interior design which has an immense attention to details and distinction, just like the food. Fresh quality food id no longer something only available at home, as Munch gives you that in tantalizing varieties with the option of an indulging dining experience as well as delivery or separately designed catering selections.
Home-Style Kitchen Setting, Casual Dining
The Company’s latest home grown concept is based on a 100% Kuwaiti tradition that celebrates the love and warmth of families uniting over meals and experiencing the true flavors of a well thought out menu that can be found in every mother’s home! This kitchen concept F&B will produce only the finest of foods, without any compromise on the quality, and using only the best fresh market ingredients. Made with love and served with passion, the concept is designed to appeal to all generations whether they stop by for the appetizers, family meals or desserts.
Casual breakfast & dessert haven
A funky new concept located in the heart of Kuwait’s hippest dining areas. Milk is a delicious mix of sugary treats and breakfast specials for the extravagant type. The café aspires to re-create traditional pastry recipes to suit the modern sweet & salty-toothed crowds alike. From chocolates to savory delicate, this new take on the typical café menu is refreshing and extremely appealing to the taste buds.
CAUTION: MAY CAUSE SEVERE ADDICTION!
Magnolia Bakery specializes in hand crafted classic American desserts. We make everything fresh from scratch in small batches throughout the day using only the finest ingredients. We bake the old- fashioned way without the use of preservatives or stabilizers so our desserts are meant to be enjoyed fresh from the oven. Magnolia Bakery opened in the summer of 1996 on a quiet corner in the heart of New York City’s Greenwich Village. It was envisioned as a cozy, old-fashioned shop where people could come for coffee and something sweet. With its vintage American desserts and decor, customers often remark that walking into the Bakery is like taking a step back in time. In 2007, the original owner decided to pass her oven mitts to a new family she felt would maintain the integrity of what had become an iconic brand. And so, a veteran NYC restaurateur and consultant along with his wife and daughter took over the Bakery. Since then they have slowly and thoughtfully expanded from one shop to six.
Acquire GTC is please to announce the Addition of Rare Cuts to our concepts. We provide rare cuts of meat from New Zealand, USA and Aus-tralia and deliver right to your doorstep. We have a large variety of steaks, ribs and burgers that you can order with the bun and trimmings. You can order your meats plain or marinated to perfection and ready to hit your grill. Rare cuts is happy to offer you some of our favorite cuts to enjoy with your family and friends. The meat we sell is chilled, and we also offer organic, grass-fed beef.
At Re, we’re all about providing you with a complete lifestyle solution, starting with our delicious range of natural fresh juices, all of which are comprised in our extensive and customizable juice cleanses. Whether you choose the 3-day or 5-day cleanse depends on what you hope to gain from this experience and what your own body can handle. Juice cleanses are meant to boost body function and energy and revitalize you while setting you on track to a greater, healthier lifestyle. The benefits of juice are immeasurable and can do amazing things for your mind, body and soul. It also happens to be yummy and refreshing, which is just as important. Especially the yummy part.
Instagram – @re_kwt
Phone number – 99115662