Spur Steak Ranches

Spur Corporation
Type Public (JSE: SUR)
Franchise
Industry Restaurants
Genre Casual dining
Founded 1967
Founder(s) Allen Ambor
Headquarters Century City, Cape Town, South Africa
Number of locations 240 (South Africa)
28 (international)
Key people Allen Ambor (Chairman)
Products North American cuisine
Revenue R326.77 Million(FY 2009)
Operating income R97.66 Million(FY 2009)
Profit R63.84 Million(FY 2009)[1]
Subsidiaries Panarotti’s Pizza
John Dory's Fish & Grill
Website http://www.spur.co.za

Spur Corporation (doing business as Spur Steak Ranches) (JSE: SUR) is a steakhouse franchise restaurant chain originating from South Africa. Its menu mainly features beef burgers, steaks and ribs, but also includes salads, chicken, seafood and vegetarian options. The restaurants also sell a range of sauces and other condiments under its own brand. The head office of Spur Corporation is in Century City, Cape Town.[2]

Despite its South African origin, Spur uses Native American themes extensively, both in its marketing and decor. The restaurant brands itself as "the official restaurant of the South African family"; as such, every Spur restaurant includes a children's play area.

The company was founded by Allen Ambor (who is still the company's executive chairman) in 1967[3], when he opened the Golden Spur in Newlands, Cape Town.

Since then, Spur has grown into an international restaurant chain with 240 South African and 29 international outlets, including restaurants in Australia, Botswana, Ireland, Kenya, Mauritius, Mozambique, Namibia, Swaziland, Tanzania, Uganda, the United Arab Emirates, the United Kingdom, and Zimbabwe.

In the 2005 financial year, the company had a turnover of ZAR 200.6 million.

The company also owns the Panarotti’s pizza and pasta restaurant chain. This chain was started in 1989 and has 49 South African and 6 international outlets.[4] In addition, the Spur Group purchased a 60% shareholding in John Dory’s Fish and Grill in 2004. John Dory's is a KwaZulu-Natal Province-based franchise with 22 outlets.[5]

References

  1. ^ 2009 Annual Results - English version
  2. ^ "Contact Us." Spur Steak Ranches. Retrieved on 10 March 2010.
  3. ^ About Spur: History
  4. ^ www.panarottis.co.za/StoreLocator, retrieved on the 23 July 2010
  5. ^ www.johndorys.co.za, About Us, retrieved on the 23 July 2010

External links

South Africa portal
Companies portal
Food portal