2. Company Timeline1986 Crocodile Dundee - Australian film
starring Paul Hogan as Mick Dundee1987 Multi-Venture Partners, Inc.
is founded in Florida by Tim Gannon, Bob Basham, and Chris
Sullivan1988 First Outback Steakhouse opens in Tampa, Florida1991
Goes public with 49-restaurants renamed Outback Steakhouse,
Inc.1993 Carrabbas Italian Grill is launched1996 1st Outback
Steakhouse opens in Canada1997 Revenues exceed $1 billion1999
Enters JV to develop Roys & Flemings Restaurant chains 3.
Growth Drivers High Quality Food Great Service fully staffed, fully
trained Relaxed ambiance Australian theme Focus on dinner and
suburban locations Key Partnerships: suppliers, managers &
franchisees Bottom-up communication encouraged 4. Company Expansion
Growth rate of 70 stores per yearU.S. market saturation Diverse mix
of dining optionsCarrabbas, Flemings, Roys & Bonefish Grill
International Opportunities? International sales generate up to 50%
of fast food revenue 5. What are YourInternational
Travelexperiences? What Countries? 6. Key Questions Challenges
expanding outside of the US? Based on regional tastes, culture,
religious beliefs, etc. Does the model translate internationally?
Brand, product, work environment, service, etc. 7. Recommendations
Identify and prioritize countries and regions Culturally-comparable
dietary and dining habits Discretionary incomes Identify and
develop local managers, servers andsuppliers Start with
corporate-owned restaurantswhile seeking potential franchisees 8.
Where are They Now? 18 Countries
WorldwideAustraliaBrazilGuamCanadaHong KongIndonesiaCosta
RicaJapanDominican RepublicKoreaMalaysiaMexicoPhilippinesPuerto
Rico SingaporeTaiwanVenezuela Thailand 9. Bloomin Brands Goes
PublicCNBCAug 8, 2012Elizabeth SmithBloomin Brands Chairman &
CEO 10. References
http://www.ajc.com/news/business/outback-beats-around-bush-for-growth/nQHyr/
http://www.fundinguniverse.com/company-histories/outback-steakhouse-inc-history/
