| Ticker: CASA | 1135 Edgebrook | |
| Exchange: NASDAQ-National Market | Houston, Texas 77034 | |
| Industry: Retail | (713) 943-7574 |
| Type of Shares: | Common Shares | Filing Date: | 2/28/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 4/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $22,000,000 | Selling: | $0.46 | |
| Expenses: | $625,000 | Reallowance: | $0.10 | |
| Shares Out After: | 3,597,705 |
| Manager | Tier | Phone |
| Morgan Keegan & Company, Incorporated | Lead Manager | (901) 524-4100 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/29/95 | 12/29/95 | ||||
| Revenue: | $17.69 | Assets: | $2.86 | ||
| Net Income: | $1.40 | Liabilities: | $0.92 | ||
| EPS: | $0.52 | Equity: | $1.93 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company operates and franchises Mexican-theme family dining restaurants featuring certain elements associated with the casual dining experience. The first Casa Ole restaurant opened in Pasadena, Texas in 1973, and today the company operates thirteen restaurants are designed to appeal to a broad range of middle-income family customers and are located primarily in small and medium-sized communities and middle-income areas of larger markets. The restaurants offer fresh, quality food, affordable prices, friendly service and comfortable surroundings. Casa Ole's menu features a variety of Mexican-based recipes designed to have broad appeal. The company has recently enhanced its management team through the addition of senior executives with significant experience in developing and successfully implementing nationwide restaurant expansion plans. The company believes that the established success of the Casa Ole concept in existing markets, its focus on middle-income family customers and the skills of its management team provide significant opportunities to realize the value inherent in the Casa Ole concept, increase revenues in existing markets and penetrate new markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to redeem shares of a shareholder of the company, to finance the development of additional restaurants; for point of sale systems and remodeling of existing restaurants and for working capital and general corporate purposes. |
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