It is always exciting when one of our projects begins to see the I-526 approvals start rolling in,
Weston,FL (PRWEB) June 16, 2014
The month of June has been incredibly busy for the Florida Restaurant Franchise Group (FRFG), a subsidiary Jafrejo Holdings, LLC. The company had recently announced the acquisition of a new location and the start of construction on their first site in Davie, Florida. The group is now proud to announce I-526 approvals in their Group 8 project that is being used to fund the development of Twin Peaks restaurants throughout South Florida.
“While this news was expected, it is always exciting when one of our projects begins to see the I-526 approvals start rolling in,” said Fred Burgess, Director and Chief Legal Officer of the Florida Restaurant Franchise Group (FRFG) and operator of Twin Peaks Restaurants in South Florida. The Florida Restaurant Franchise Group (FRFG) is the subsidiary of Jafrejo Holdings and is responsible for all EB-5 fundraising efforts of the companies various restaurant brands. “Receiving these I-526 approvals simply reaffirms our position that USCIS believes in our projects as being sound and fully compliant with program guidelines and that is reassuring to our EB-5 partners and those who are still considering our projects as a way to obtain permanent U.S. Residency through the EB-5 Visa program,” said Mr. Burgess. “We expect this news will bring even more notoriety to our Twin Peaks EB-5 projects.”
The first two EB-5 phases (FRFG 8 and FRFG 9) that are being used to partially fund development of Twin Peaks Restaurant locations in South Florida are already sold out, but according to Burgess, there are positions remaining in Twin Peaks FRFG 10 which will fund two (2) additional locations. The first of ten South Florida Twin Peaks locations is expected to open in January 2015 with additional locations to follow shortly thereafter. Burgess is quick to point out that this latest news should create even more awareness in FRFG’s Twin Peaks projects with those considering the EB-5 program.
In addition to Twin Peaks being one of the hottest sports themed restaurant brands in the United States, the FRFG business model carries its own appeal to EB-5 investors, EB-5 agents, consultants, and immigration attorneys alike because of the simplicity of the project structure and the fact that unlike many other EB-5 projects these do not wait for EB-5 funding to begin construction or development of locations:
- FRFG projects are all located in TEA (Targeted Employment Area) areas and therefore qualify for the $500,000 USD investment amount;
- Typically generate 20+ Jobs per investor – twice the required number (10) by USCIS;
- Projects are not solely dependent on EB-5 investors and the approval of their I-526 applications for funding. Since FRFG brings its own money to the table all I-526 applications can be submitted to USCIS immediately resulting in investors receiving their approvals quickly;
- Administered by one of the industry’s most experienced development teams with a proven track record of EB-5 success;
- Have a clearly defined Exit Strategy that will pay back EB-5 partners in 5 years or less.
FRFG’s Twin Peaks offerings are presented under the Palm Beach Regional Center, the first EB-5 Regional Center to have been approved in the State of Florida and one of the few Regional Centers in the United States that can boast a 100% success rate on all previous I-526 petitions. The Palm Beach Regional Center operates in nine Florida Counties including Miami-Dade, Broward and Palm Beach.
About the Florida Restaurant Franchise Group (FRFG):
The Florida Restaurant Franchise Group, based in Weston, Fla., and is subsidiary of Jafrejo Holdings, LLC, a private entity that develops and markets franchise restaurant concepts throughout Florida. The company has a development and operations team with more than 30 years of combined success in various national franchise operations. The group is currently developing VooDoo BBQ & Grill and Twin Peaks restaurants throughout South Florida. For more information, log on to http://www.eb5restaurants.com or http://www.jafrejo.com.
About Twin Peaks:
Founded in 2005 and headquartered in Addison, Texas by successful restaurant veterans Randy DeWitt, Scott Gordon and Jack Gibbons to meet the needs of an “untapped” market, Twin Peaks Restaurants features quality made from scratch man food and ice cold draft beer served at 29 degrees into frozen mugs by friendly and attractive Twin Peaks Girls in a mountain sports lodge setting. Named a "2010 Hot Concept!" by Nation's Restaurant News and among 2011’s and 2012’s “Future 50” concepts by Restaurant Business magazine, the national chain has more than 50 locations throughout Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Nebraska, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. For more information, log on to http://www.twinpeaksrestaurants.com.