The TQSR Group, Austria’s master franchisee of Burger King is raising capital via online marketplace Finnest as opposed to working with traditional banks.
Finnest is a crowdfunding platform operating in the DACH region. Not too long ago, Finnest and Invesdor, a leading Nordic crowdfunding platform, merged the two operations to boost offerings and access to investors.
TQSR Group is one of the largest catering companies in Austria with around 1000 employees. Regarding the Burger King operation, TQSR manages 51 with 21 locations being managed directly. The crowdfunding offering seeks to raise capital to open additional locations and modernize existing locations.
Family owned TQSR is offering investors an interest rate of up to 5.5% over a term of five years. The company’s credit rating is said to be very good. It is not immediately clear as to how much TQSR seeks to raise via the online capital formation campaign.
Hartmut Graf, Managing Director of the TQSR Group says that are resolutely pursuing an expansion strategy and expect to generate over €100 million in annual turnover by 2023.
Part of the expansion strategy is the implementation of a multi-brand concept for rest areas along the Austrian motorway network.
At the beginning of the year, the TQSR Group took over Austria’s Raststätten brand Rosenberger as part of a restructuring process. The Rosenberger Restaurant GmbH includes 14 restaurants, 12 shops, and three hotels. As part of the repositioning of the restaurants, these will in future not only offer typical Austrian cuisine, but also a broader range of offerings that – following the global trend – will also include meat substitutes and other innovative vegan products.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!