| Total Entertainment Restaurant Corp. | |||
| Ticker: | TENT | 300 Crescent Court Building 300, Suite 850 | |
| Exchange: | NASDAQ-National Market | Dallas, TX 75201 | |
| Industry: | Retail (SIC Code 5812) | (214) 754-0414 | |
| Type of Shares: | Common Shares | Filing Date: | 3/14/97 | |
| U.S. Shares: | 2,100,000 | Offer Date: | 7/17/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.50 - $9.50 | |
| Primary Shares: | 2,100,000 | Offer Price: | $9.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.63 | |
| Offering Amount: | $18,900,000 | Selling: | $0.32 | |
| Expenses: | $675,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,000,000 |
| Manager | Tier | Phone |
| Montgomery Securities | Lead Manager | (415) 627-2100 |
| Issuer's Law Firm: | Olshan Grundman Frome & Rosenzweig |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | Ernst & Young |
| Registrar/Transfer Agent: | First Union National Bank North Carolina |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $14.82 | Assets: | $13.20 | ||
| Net Income: | $0.80 | Curr Assets: | |||
| EPS: | $0.10 | Liabilities: | $11.68 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $1.51 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company currently owns and operates 12 entertainment restaurant locations under the Fox & Hound and Bailey's Sports Grille brand names. The company's entertainment restaurant locations combine a comfortable and inviting social gathering place, full menu and full service bar, state-of-the-art audio and video systems for sports entertainment, traditional games of skill such as pocket billiards and a late-night dining and entertainment alternative all in a single location. The company's entertainment restaurant locations appeal to a broad range of guests who can participate in one or more aspects of the company's total entertainment and restaurant experience. Fox & Hound and Bailey's encompass the company's multi-dimensional concept and serve both larger and urban and smaller regional markets. The first Bailey's was opened in Charlotte, North Carolina in 1989 and the first Fox & Hound was opened in Arlington, Texas in 1994. The company currently owns and operates three Fox & Hounds and nine Bailey's in Arkansas, Indiana, North Carolina, South Carolina, Tennessee and Texas. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance the expansion and development of additional entertainment restaurant locations, to repay indebtedness and for general corporate purposes. |