Florida Restaurant Franchise Group is promoting investment opportunities in their restaurant franchises through the EB-5 visa program. They are developing VooDoo BBQ & Grill and Twin Peaks franchises across Florida. The EB-5 program allows foreign investors who invest $500,000 in a US business and create 10 jobs to obtain US residency. FRFG has had success developing VooDoo locations with previous EB-5 funding. They aim to expand both VooDoo and Twin Peaks significantly across Florida to take advantage of the tourism industry. The document provides details on the companies, projects, EB-5 process and benefits of investing.
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Frfg viii booklet
1. Presenting a
New World of
Opportunity
EB-5 Visa Program in South Florida
Investment in a USCIS designated Regional Center
100% success rate on all previous I-526 petitions
Project offerings qualify for reduced investment of $500,000
Over $45,000,000 in EB-5 capital raised to date
2. Florida Restaurant Franchise Group
Welcome to South Florida!
We are Florida Restaurant Franchise
Group (FRFG), a leading team of
experienced restaurateurs in South
Florida. Our passion for great food
and
entertainment
has
been
instrumental to our success. The EB-5
Visa program has allowed us to share
our passion with our customers and
better yet, bring much needed jobs
and economic growth to South
Florida.
Joe Sloboda, President and
Director of Operations
As President of Florida Restaurant
Franchise Group, I am ecstatic about
the overwhelming success of our
restaurants. My team and I are
developing nationally recognized
franchise restaurants like VooDoo
BBQ & Grill and Twin Peaks, which
are quickly becoming popular in
Florida.
The EB-5 investors have already fully
funded the first phase of the VooDoo
BBQ & Grill expansion in Florida,
with 2 locations
operational.
already
fully
Our rapid expansion of VooDoo BBQ
& Grill and Twin Peaks is credited to
the unique concepts of both brands,
offering customers a different
approach to dining.
VooDoo BBQ & Grill is a New
Orleans restaurant franchise, serving
mouth-watering barbecue in Cajun
Creole and Caribbean spices. While,
Twin Peaks offers a mountain sports
lodge ambiance and provides boldly
flavored comfort food enjoyed by
customers across 13 states and soon
to open in South Florida.
I welcome the opportunity to share
my success with you and let you
experience the delicious food our
customers love nationwide!
3. The EB-5 Regional Center Program
The EB-5 Regional Center Program allows
eligible aliens the opportunity to become lawful
permanent U.S. residents by investing $500,000
into a qualified EB-5 project in a USCIS
designated Regional Center and create at least 10
permanent American jobs per individual
investment.
Most Regional Centers are located within a
“Targeted Employment Area” which is an area
that, at the time of investment, is a rural area or
an area experiencing unemployment of at least
150 percent of the national average rate.
As such, the EB-5 Regional Center Program is one of the most flexible immigration programs in the
world, allowing foreigners to gain permanent United States residency for themselves, their spouse,
and any unmarried children under the age of 21, through their EB-5 investment.
Created in 1990, the EB-5 program has contributed more than $1.5 billion into the U.S. economy and
has resulted in the realization of American dream for over 2,000 foreign immigrants in the last year
alone. Below are some of the benefits enjoyed by the EB-5 investors:
Quickest Way to Obtain Permanent U.S.
Residency for you, your spouse and all
unmarried children under the age of 21
No Need for Sponsor
Not Required to Speak English
Direct Pathway to U.S. Citizenship
No Minimum Education Required
Currently No Quota or Waiting List for the EB5 Program
No Direct Management
Responsibilities
Lower University Tuition Costs for Students as
U.S. Resident
Live and Work in any part of the United States
Required Student loans provided by
U.S. Government to U.S. Permanent
Residents, otherwise not available to
F1 Student Visa holders
Travel To and From more than 160 Countries
without Limitations or Restrictions as a U.S.
Resident.
4. Palm Beach Regional Center
Palm Beach Regional Center is
approved by USCIS to operate in
the
Florida
counties
of
Miami/Dade, Broward, Palm
Beach, Martin, Port St. Lucie,
Indian
River,
Hendry,
Okeechobee and Charlotte. It is
a great place to discover the
wealth of opportunity that exists
in the United States. Here in the
center
of
the
Western
Hemisphere is a blossoming
international business capital,
already recognized for its
magnificent climate, gorgeous
beaches and golf courses, as well
as its famous real estate.
The region is blessed with
numerous
high-growth
industries, such as bioscience
and aquatech, and its rich
multiculturalism makes it a
comfortable destination for
tourists and business people
from all over the world. As the
region evolves into a global
gateway,
a
bounty
of
opportunities are constantly
emerging.
The Palm Beach Regional Center
presents an opportunity to
consider investment in a variety
of different projects. These
projects are carefully vetted and
selected upon the basis of their
ability to meet stringent criteria
while meeting EB-5 standards in
creating employment.
The Palm Beach Regional Center
is operated by Palm Beach
Investment and Finance. It was
established in 2008 with the
intent of developing local
industries, creating jobs and
economic growth for the region,
and helping promote the region
to the international community.
Presenting a
New World of
Opportunity
Advantages of the Palm Beach
Regional Center
Previous Approvals:
Previous EB-5 Projects within the Palm Beach Regional Center
have received close to 80 approvals on the I-526 petitions. A
total of 5 EB-5 projects have already been sponsored by the
Palm Beach Regional Center.
Attractive Minimal Participation Levels
The Palm Beach Regional Center allows foreign investors to
invest in prearranged programs at two levels of investment $500,000 in more than forty county-wide locations that have
unemployment at 150% or more of the national average.
Desirable Location
Although EB-5 investors are free to live anywhere in the United
States they wish, those interested in participation will find a
great satisfaction in making their home in one of America’s
most desirable locations.
EB-5 Visa Program in South Florida
Investment in a USCIS designated Regional Center
100% success rate on all previous I-526 petitions
Project offerings qualify for reduced investment of $500,000
Over $45,000,000 in EB-5 capital raised to date
5. EB-5 Project
Structure
Florida Restaurant Franchise
Group EB-5 Projects are
administered through the Palm
Beach Regional Center – a
USCIS approved and federally
designated Regional Center. The
projects are located in cities like
Miami, Fort Lauderdale and
West Palm Beach, which are
some of the most wealthy and
important economic areas of the
United States. All of the
development sites have been
certified and designated as
being located in a “TEA” zone,
therefore qualifying for the
$500,000
investment
requirement.
FRFG projects are typically
structured in the form of a loan,
for a period of 5 years. The loan
will be used for the acquisition,
construction and operation of
the restaurants. In some cases,
the investment is backed by real
estate and typically has the first
lien on all assets of the business.
During the course of the loan,
the investors receive a fixed
interest rate payment, which is
accrued
annually.
The
distribution of typically 2% is
paid every 6 months.
Once the conditions on the
green card have been removed
and the loan has reached its
maturity, the developers would
then refer to the available
sources to repay the loan to the
investors.
For
example,
operational profits accrued
during the years of operation
may be used. Other options
include the refinancing of the
loan or ultimately the sale of the
restaurant and the sale of the
proceeds used to repay the loan.
6. VooDoo BBQ & Grill
New Orleans Style Barbecue
Previous EB-5 Success:
Taste the Magic!
Since 2002, VooDoo BBQ & Grill has
become
nationally
In 2012, Florida Restaurant Franchise
recognized
Group fully funded the first phase of the
restaurant and is poised to become one
VooDoo BBQ & Grill expansion in
of
restaurant
Florida. A total of 10 EB-5 investors
franchises in the country. VooDoo BBQ
participated in the project and have
currently has 54 operating and licensed
received 100% approvals on their I-526
locations and development sites in
petitions. The first phase has already
the
a
Why choose Florida?
largest
barbecue
Louisiana, Texas, Mississippi, North
Carolina, South Carolina and Florida
with additional plans in place to expand
into Georgia, Alabama and Washington,
D.C.
opened 2 VooDoo BBQ locations in
Kendall and Pembroke Pines, with two
more stores set to open before the end of
2013 in Fort Lauderdale and Hollywood.
Combined, the restaurants will create a
total of 175 full time jobs, which is 75%
VooDoo is known for world-class and
more than needed to meet the EB-5
mouth-watering barbecue, which begins
Program jobs requirement.
with
Unlike many other EB-5 projects in the
the
finest
premium
quality
ingredients and paired harmoniously
country,
with the perfected smoke meats in a
restaurants is not dependent on EB-5
blend of Cajun Creole and Caribbean
funds in order to begin operations. FRFG
spices.
will proceed with the development with
the
development
or without the EB-5 investors.
of
our
Florida is the 4th largest state in the
United States. The EB-5 projects offered
by Florida Restaurant Franchise Group
are located in the southeastern region of
the United States.
Because of its year round warm weather
and extensive coastline, the State of
Florida is a very popular place to live and
enjoy recreational activities. The Miami
metropolitan area is the largest
metropolitan area in both Florida and
the Southeastern United States.
Tourism and trade are the two largest
driving economic forces in this market,
with more than 60 million tourists
visiting the area each year.
Florida
has
enjoyed
substantial
migration of wealthy individuals to
metropolitan areas, as prime waterfront
real estate became available at attractive
prices, and because Florida is one of the
seven US States that does not impose a
personal income tax.
7. VooDoo BBQ & Grill
Grand Openings 2013
- Jack Flechner at the May
2013 Grand Opening of
VooDoo in Kendall, FL.
VooDoo BBQ & Gill happy customers at the
May 2013 opening.
- Grand opening of
Pembroke Pines
location in January
2013.
8. Twin Peaks
EATS DRINKS SCENIC VIEWS
Twin Peaks Restaurant has been nationally
recognized with multiple awards and is quickly
becoming one of fastest growing restaurants in
the United States. Founded in 2005, Twin
Peaks Restaurants meet the needs of an
untapped market.
The restaurant offers a mountain sports lodge
ambiance and provides boldly flavored comfort
food enjoyed by customers across 13 states.
Since opening of the original location near
Dallas, Twin Peaks now operates 33 restaurants,
with plans to unleash 17 more by the end of 2013.
The success of the franchise is simple – cold draftbeer from up to 24 taps, house-made food, state-ofthe-art TV’s and most importantly, friendly and
beautiful Twin Peaks Girls.
The Twin Peaks Restaurant brand scored a 2010
"Hot Concept!" award from the trade magazine
“National Restaurant News”.
9. Growth Map of Twin Peaks
THIS “HOT CONCEPT” IS COMING TO FLORIDA
In the summer of 2013, Twin Peaks opened
Cities like Miami, Fort-Lauderdale and
its first Florida restaurant in Orlando. Now
Palm Beach are top cities for tourism and
there are plans to open more than 25 Twin
Florida Restaurant Franchise Group is
Peaks restaurants across the state over the
taking full advantage of this amazing growth
next 10 years. Jack Flechner and his team at
opportunity in developing the Twin Peaks
Florida Restaurant Franchise Group have
franchise brand.
exclusive rights to develop the brand in
South Florida.
10. Frequently asked questions
Below are some of the most commonly asked questions regarding the EB-5 Visa Program and
the projects offered by the Florida Restaurants Franchise Group. For additional information,
please contact Florida Restaurant Franchise Group directly at info@eb5restaurants.com
How long does the EB-5 application process take?
The life cycle of an EB-5 based petition is divided into two parts – the approval of the I526, and the actual adjustment of status or consular processing. The initial part, which is
the processing of the I-526, can take from 3 months to 12 months. The approval of the I526 is a crucial part of the petition, as USCIS evaluates, at this time, whether the EB-5
investment follows the guidelines imposed by law.
What is “lawful source of funds”?
In order for the EB-5 investor to become a US legal resident or green card holder, the EB5 investor must be able to show to USCIS that the capital invested in the job-creating
entity was obtained through lawful means. Income tax returns, evidence of acquisition
and sales of property (in the US and abroad), and evidence of gift of funds are among
some of the documents your immigration attorney will likely request in order to establish
that
the
capital
invested
was
earned
through
lawful
means.
What happens if the investor’s green card is denied?
Since investors are fearful that they will lose their money if their green card application
(I-526) is denied, we have established a 100% refund policy of all investment funds and
applicable fees. To further assure approval, we have employed the services of some of the
most experienced EB-5 attorneys in the country to review each investor’s petition before
it is submitted to USCIS to help assure a streamlined approval process and reduce the
chances for a denial. Please reference all offering documents for complete explanation of
refund policy.
What is your experience with developing and running a franchise?
Florida Restaurant Franchise Group has a combined 30 years of success in running
various national franchise operations. Most recently, Joe Sloboda and his team developed
and operated the fast food concept of Five Guys Burgers and Fries in the greater Miami
area. Five Guys has been one of the fastest growing restaurant chains in the United States
and has approximately 900 stores. The location ran by Mr. Flechner in Miami Beach, was
in the top 5 highest-grossing stores in the country.
12. Florida Restaurant Franchise Group
www. eb5restaurants.com
FRFG
2149 North Commerce Parkway,
Weston, FL33326
info@eb5restaurants.com
Tel: +1 (954) 727-9800
Fax: +1 (954) 727-0303
THIS MATERIAL IS INTENDED FOR GENERAL INFORMATION PURPOSES ONLY. THIS IS NOT AN OFFER TO SELL SECURITIES
OR THE SOLICITATION OF AN OFFER TO PURCHASE SECURITIES. ANY OFFER OF SECURITIES IN ANY SPONSORED FLORIDA
RESTAURANT FRANCHISE GROUP PROJECT MAY ONLY BE MADE PURSUANT TO A WRITTEN OFFERING MEMORANDUM AND
ANY SALE OF SECURITIES IN SUCH PROJECT SHALL BE EVIDENCED BY A SUBSCRIPTION AGREEMENT EXECUTED BY THE
POTENTIAL INVESTOR. THE UNITS WILL BE OFFERED AND SOLD (i) OUTSIDE OF THE UNITED STATES IN RELIANCE ON
REGULATION S UNDER THE SECURITIES ACT AND (ii) INSIDE THE UNITED STATES UNDER THE EXEMPTION FROM
REGISTRATION PROVIDED BY SECTION 4(2) OF THE SECURITIES ACT AND REGULATION D PROMULGATED THEREUNDER
AND OTHER EXEMPTIONS OF SIMILAR IMPORT PURSUANT TO THE LAWS OF THE STATES AND JURISDICTIONS WHERE THE
OFFERING WILL BE MADE. NO OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY UNITS MAY BE MADE IN ANY
JURISDICTION IN WHICH, OR TO ANY PERSON TO WHOM, IT IS UNLAWFUL TO MAKE SUCH AN OFFER OR SALE.