Corporate
Outlook: Observation
Action date: 07/31/2020
Rating action: Downgrade

RESTABELL FRANQUICIAS SL

Restabell operates as masterfranchise of Taco Bell brand in Spain. The company operates 62 restaurants in the domestic market within the catering sector. In 2019, Restabell, as masterfranchise, opened its first 6 sub-franchises (4 in Spain and 2 in Portugal). The company's turnover was € 47.2MM (+40.8% YoY) with an EBITDA of € 3.8MM (EBITDA margin of 8.1%). NFD/EBITDA ratio stood at 5.4x.

Rating

Solicited
Date last rating: 07/31/2020
Date first rating: 12/04/2017