Australian café chain plans to open 100 steakhouses
One of Australia’s largest home-grown café groups, The Coffee Club, has bought Australian steakhouse chain Ribs and Rumps. The café group plans to open ten new Ribs and Rumps restaurants each year for the next ten years.
Since opening its doors in Brisbane 21 years ago, The Coffee Club has grown to 273 stores. In 2008, hospitality and leisure company Minor International took a 50 per cent stake in The Coffee Club, fuelling future growth. This is the group’s first acquisition.
The Coffee Club’s Founding Director, Emmanuel Drivas said, “Ribs and Rumps fills a particular segment in the steakhouse market, offering contemporary casual steakhouse dining with premium quality ingredients at affordable prices. This is a market with huge opportunities.”
Ribs and Rumps began 16 years ago in Manly, Sydney. There are currently five Ribs and Rumps restaurants in Australia and two overseas, in South Africa and Dubai.
Mr Drivas said, “Ribs and Rumps operate a similar family friendly environment to The Coffee Club, with both brands appealing to the same customer base.
“The acquisition of Ribs and Rumps is the first step in turning The Coffee Club Group into a multiple brand restaurant company, and hopes to acquire more brands in the near future.