Co-founded by Folu & Bose Ayeni, Tantalizers is now a leading Nigerian fast food restaurant chain. The husband and wife team run Tantalizers, which is low listed in the Nigerian Stock market as a public limited liability company. The International Finance Corporation (IFC), and arm of the World Bank in February 2010 granted $7Million in loans and took $1.5Million equity in Tantalizers to help take the company to the next level.

Company Milestones:

May 1997 — First outlet opened

Mid 2001 — The novelty of Tantalizers Africana line of products was introduced

Feb 2002 — The Company hit the 10-outlet mark with the opening of Okota outlet

Mid 2002 — The decision to grow using the franchise strategy was conceived

Dec 2002 –The business expanded out of Lagos towards the Northern part of Nigeria, opening its first outlet in Wuse Zone 3, Abuja

Jun 2003 –Tantalizers expanded to the Western part of the country when it opened its first outlet in Ibadan

Jan 2004 — The Company hit the 20-outlet mark

The first franchise to commence operations in Abuja (this served as the pilot). During this same year and for the first time in the history of the organization, an unprecedented (12) outlets were opened.

Sept 2004 — Operations commenced in the Eastern part of Nigeria with the opening of the Port Harcourt outlet

Year 2005 — Tantalizers became a member of Nigeria International Franchise Association

Year 2005 / 2006 – The consolidation years when the company decided it was needful to review all processes, controls and overall company concept with a view to preparing itself for faster growth, going into the future.

Year 2007 – Full roll out of the Tantalizers franchise. One company owned and Five (5) franchise outlets opened.

Year – 2008 – Opened ten outlets (2 Franchise and 8 Company owned )

Year 2008 – Private Placement was done in January and February

Year 2008 –Tantalizers became a Public Quoted Limited Liability Company (PLC) in April and subsequent listing on Nigerian Stock Exchange in June

Year 2008 – First meeting of the enlarged Board of Directors held on 3rd June

May 5, 2009 – First Annual General Meeting after Listing on the Nigerian Stock Exchange

Contact:
Location: 21 Road, Makay Plaza, I Close, Festac Town,
P. M.B. 15, Festac Town, Lagos.
Tel: 234-01-4707383, 4707102
Fax: 234-01-5894343
Email: tantalizers@tantalizersnig.com
Website: http://www.tantalizersplc.com

The company was established in 1983 to meet the continuously expanding demand for specialized food and catering services in Nigeria. Mama Cass Restaurants Limited was granted trademark in 1994.

Mama Cass is a high-growth venture that has out-grown the initial business status. The business is managed by a team of trained professionals with specific competence in the food business/industry.

Mama Cass Restaurants Limited has diversified and branched out into other locations of metropolitan Lagos, Abuja, OkadaTown in Edo State, and Abeokuta in Ogun State as well as in London.

Website: http://www.mamacassng.com