In a Growth Position…….
"Our financial results continue to evolve, bringing us closer, quarter after quarter, to the objectives of the extensive repositioning of the La Cage – Brasserie sportive banner carried out in recent years,” explained Sportscene Group Inc. President, CEO Jean Bedard, when discussing the company’s second quarter 2018 financial results last week. “Consistent with our key priority, same-Cage sales have experienced strong and sustained growth over the past two years, leading to a continuous improvement in the profitability of both the Cage network and the company,” he added. For the second quarter that ended in late February 2018, total sales of the La Cage – Brasserie sportive network posted a 6.6 percent increase over the same quarter of the previous year to stand at $31.8-million(Cdn). For the six-month period ended February 25, 2018, network sales totaled $63-million(Cdn), up 8.9 percent over the same period of the previous year. The company also noted that Sportscene is in a solid financial position to execute its investment and expansion plan. To date, more than 60 percent of the 45-restaurant chain incorporates the new Cage image, and the company still aims to complete the transformation of the network before the end of fiscal 2019. "Now that the La Cage network is better positioned than ever and on track to meet its growth and profitability targets, we can look forward to new growth opportunities consistent with our sphere of excellence: ambience restaurant services with an emphasis on local procurement and food freshness", Bedard said. The company is seeking business partners/franchisees for future growth for the 4000 to 6800 square foot chain of casual sports-themed resto bars.
CATEGORY: Casual, Sports-themed Resto-bar
Chain Name: La Cage - Brasserie Sportive
Company Name: Sportscene Group Inc.
Mailing Address: 1180 Nobel Place, Suite 102, Boucherville, Quebec J4B 5L2
Tel: 450/641-3011 & 800/413-2243 Fax: 450/641-9742
Email: email@example.com Website: www.cage.ca
Menu Specialty: Offers a wide selection of burgers, ribs, wings, steaks, fish & chips, sandwiches, salads, etc. with a selection of craft, domestic and imported beers, wines and specialty cocktails.
Introduced: Sportscene Group has operated the chain of sports-themed La Cage – Brasserie sportive since 1984, originally operating as La Cage aux Sports. The first resto-bar opened in Old Montreal. The company went public in late 1985 and the first franchise opened in Drummondville in 1988.
No. of Locations: 45
Areas of Operation: Quebec
Types of Location: Freestanding, End Caps
Business Type: Public company, Franchise, Corporate
Size Req’d: 4000 to 6800 sq.ft.
Special Requirements (patio, drive-thru, etc): End Cap, Patio
Contact Name: Jean Bedard – President, CEO (Sportscene Group)
Jean-Francois Dube – Vice President, Operations
François-Xavier Pilon - Vice-President, Finance
REAL ESTATE REPRESENTATIVES:
PARENT COMPANY: Sportscene Group Inc., Boucherville, Quebec
Last Report: Developers & Chains #1749