ICH CORP

ICH CORP

Previous company name
SOUTHWESTERN LIFE CORP
Name change date
8/8/1994
Company Overview
ICH Corporation is an American-based, publicly traded firm operates as a holding company for a group of subsidiaries engaged in the operation of a chain of quick-service restaurants under the Arby’s name. The company was previously known as Southwestern Life Corporation and has its registered office in San Diego, California.
ICH Corporation is primarily involved in holding the securities of or other equity interests in companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. One of the company’s subsidiaries, Sybra Inc., operated 214 Arby’s restaurants as a franchisee of Arby’s, Inc. Its 186 restaurants are freestanding units and the remaining 28 restaurants are situated in shopping malls or as part of food courts within malls. Arby’s restaurants offers a diverse menu of food items including roast beef, chicken, turkey and ham sandwiches.
ICH Corporation, together with its subsidiaries, principally conducts business operations within the United States. The company is no longer conducting business.
Business Summary
ICH Corporation is an insurance holding company that markets a broad range of life insurance, accident & health insurance & annuity products.
Description and history
ICH Corporation owns and operates quick-service restaurants under the Arby’s name through wholly owned subsidiaries. During 2000, the Company also owned and operated full-service family dining restaurants operating under the Lyon’s name through a wholly owned subsidiary. This subsidiary was sold January 13, 2001. The Company operates its Arby’s restaurant units as a franchisee of, and pursuant to, license agreements with Arby’s, Inc., the franchisor of the Arby’s brand. In February 2002, the Company and its principal subsidiaries voluntarily filed petitions for financial restructuring under Chapter 11 of the United States Bankruptcy Code.

On April 30, 1997, the Company acquired all of the outstanding capital stock of Sybra Inc. (Sybra), a franchisee of Arby’s restaurants. The Company conducts its restaurant operations principally through its wholly owned subsidiary, Sybra. As of December 31, 2000, Sybra operated 214 Arby’s restaurants as a franchisee of Arby’s, Inc. Of these, 186 restaurants are freestanding units, with the remaining 28 restaurants located in shopping malls or as part of food courts within malls.

Each of Sybra’s Arby’s restaurants offers a diverse menu of food items including roast beef, chicken, turkey and ham sandwiches. Arby’s restaurants are generally known for their roast beef sandwiches, which are made from thinly sliced beef that is freshly roasted at each restaurant. The Arby’s menu also typically includes potato products, salads and soft drinks. In addition, the restaurants sell a variety of promotional products, normally on a limited-time basis. Some of Sybra’s Arby’s restaurants also serve breakfast, including eggs and breakfast meat selections.

Sybra’s real estate and development department, subject to acceptance by the franchisor, makes site selection for new restaurants Arby’s Inc. A typical market area will have a population base of at least 30,000 people within a three-mile radius. Within the potential market area, Sybra evaluates major retail and office concentrations and major traffic arteries to determine focal points. Site-specific factors that Sybra considers include visibility, convenience of access, proximity to direct competition, access to utilities, local zoning regulations and various other factors.

Sybra’s Arby’s restaurants, excluding mall and food court locations, typically range from 2,100 to 3,200 square feet, with a seating capacity of between 60 and 90 people and are typically open from 10 a.m. to 11 p.m., with some restaurants open for extended evening hours. Approximately 80% of Sybra’s restaurants feature drive-thru windows.

Previously known as Southwestern Life Corporation

Business Line
Operates as a holding company for a group of subsidiaries engaged in the operation of a chain of quick-service restaurants under the Arby’s name
Subsidiary

Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date

US SIC Code
5812
Company Address
Suite 600
9255, Towne Centre Drive
City province or state postal code
92121, SAN DIEGO, CA
Phone: +1 858 587 8533
Fax: +1 858 535 1634
Country address: UNITED STATES OF AMERICA
Website url: