February 19, 2016
Capital Canada Limited (“Capital Canada“) has successfully raised financing for Barbecue World Inc. (“Barbecue World”), a new specialty retail superstore chain selling barbecues and other outdoor living products and accessories. Barbecue World has also completed a platform acquisition of Ontario Gas BBQ, a 50,000+ square foot barbecue superstore located in Vaughan, Ontario considered to be the “World’s Largest Barbecue Store”. In addition to the acquired Vaughan store, Barbecue World will open two additional stores in the spring of 2016 in Whitby, Ontario and Ottawa, Ontario as part of its initial launch.
Capital Canada acted as the financial advisor to Barbecue World with respect to the financing and acquisition transactions. Jack Steckel, Managing Director at Capital Canada, formulated the idea for the new concept following his prior retail success as the creator of Golf Town and a founder of Pro Hockey Life superstore chains.
Barbecue World superstores will combine high-level service from educated staff with the most complete selection of outdoor living products including barbecues, smokers, patio furniture and outdoor and indoor fireplaces. Features of the concept will include:
A year-round one-stop-shop for all types of outdoor cooking, including a vast selection of accessories such as condiments, utensils, and various cooking fuels such as charcoal and wood pellets;
Cooking classes, product demonstrations and other special events to attract passionate grilling enthusiasts;
Competitive pricing with big-box competitors; and
Comprehensive e-commerce website and delivery options for an easy, convenient shopping experience.