In the restaurant business, it's fairly difficult to come up with a successful concept. But as for Del Frisco's Restaurant Group, it operates two successful concepts: Del Frisco's Double Eagle Steak House and Sullivan's Steakhouse.
Now the company has filed to go public.
There are currently 22 locations across 14 states. What's more, they go beyond just stakes and include things like lobster tails, lamb chops and fresh seafood. Oh, and of course, there's a good selection of wine.
In fact, the Del Frisco's chain has posted 20 consecutive quarters of same-store sales growth -- and all locations are cash-flow positive.
What's more, the company has the backing of private equity firm Lone Star Fund. I suspect it wants to get some liquidity from the public offering.
The lead underwriter is Piper Jaffray and the proposed ticker symbol is "FINE."
You can find the Del Frisco's prospectus at the SEC website. Visit DealProfiles.com to get more information on recent IPO activity.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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