What KLE Group Limited does

KLE Group Limited is a Jamaican entertainment and leisure company founded in 2008 and listed on the Jamaica Stock Exchange. It operates a diversified portfolio across five integrated segments: restaurant operations through the flagship Usain Bolt's Tracks & Records brand (locations in Kingston, Ocho Rios, and Montego Bay), real estate development via the 86-unit Bessa Villas project in Oracabessa, St. Mary (partnered with Sagicor), beach events under the Forever Beach/SPF banner, franchise and licensing through the FranJam entity and the Sumfest Acoustic Cafe concept, and delivery services via Irie Courier and third-party delivery partnerships. The group monetizes through restaurant sales, residential real estate transactions, event ticketing and sponsorship, franchise fees and royalties, and delivery fees.

Its customer base spans Jamaican consumer diners and tourists for restaurants and beach events, individual residential property buyers for Bessa Villas, and a small number of franchisees for the franchised concepts. The integrated model uses shared brand IP (Usain Bolt association, approximately 25 years of Reggae Sumfest footage) and physical venue infrastructure to cross-subsidize segments: events drive restaurant traffic, restaurant traffic supports real estate positioning, and franchise activity extends the brand outside Jamaica without proportional capex.

The business is currently in a post-COVID restructuring phase. The board suspended the CEO in November 2020 and stood up subcommittees; the company also divested 51% of FranJam to partner Gary Bogdanovich via a debt-for-equity swap, while launching new revenue lines (Sumfest Acoustic Cafe, Irie Courier) and maintaining the Bessa Villas buildout. H1 2021 revenue of approximately JMD 73M reflected a sharp year-over-year rebound from the COVID-depressed H1 2020 base but remained below the pre-pandemic H1 2019 level of JMD 102M, signaling a recovery still in progress rather than a return to growth.

Name

KLE Group Limited

Legal name

KLE Group Limited

Website

https://klegroupltd.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

KLE Group Limited is a Jamaica Stock Exchange-listed entertainment and leisure company operating Usain Bolt's Tracks & Records restaurants, Bessa Villas real estate, beach events, franchise/licensing (FranJam, Sumfest Acoustic Cafe), and delivery (Irie Courier), serving Jamaican consumers, tourists, and international franchisees since 2008.

Ownership category

akta.pro rank

Product category

Restaurant and Entertainment Operations

SIC

Retail-Eating Places (5812)

akta.pro primary industry

Multi-Concept / Global QSR Chains (Mixed Menus) (THAFAAAO)

Keywords

• Restaurant franchise operations
• Entertainment venue management
• Beach event marketing
• Luxury real estate development
• Celebrity brand licensing

Headquarters

HQ city

Kingston

HQ country

Jamaica

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Restaurant Operations: Company-owned and operated Tracks & Records restaurants in Kingston, Ocho Rios, and Montego Bay generating revenue from food, beverage, and entertainment sales. KLE holds 49% shareholding in T&R Restaurant Systems Limited.
2. Franchise Licensing: KLE Group franchises the Tracks & Records brand internationally. FranJam entity was created to own, develop, manage, and license Tracks & Records-themed restaurants and manage future franchising and licensing growth. A 51% share in FranJam was given to shareholder Josef Bogdanovich in a debt-for-equity arrangement.
3. Real Estate Sales: Bessa Villas development with 86 units including ocean condos ($260,000-$600,000), pool villas ($795,000), and river condos ($260,000-$550,000). Development partnership with Sagicor Group Jamaica on 8 acres of seaside and river-front property in Oracabessa, St. Mary.
4. Property Management: Following Bessa project completion, KLE Group will have property management rights for the first three years (with option to renew subject to strata approval), creating ongoing management fee revenue opportunity.
5. Delivery and Takeout Services: In-house courier service Irie Courier plus partnerships with My QuickPlate, 7Krave, and Hugo for delivery operations. Promotions include Flava on the Go, Curbside Pickup, and Pull Up and Tek Weh.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

KLE Group Limited operates Usain Bolt's Tracks & Records restaurant franchise offering authentic Jamaican cuisine, sports viewing, and live entertainment at three Jamaica locations, alongside the Bessa Villas luxury real estate development in Oracabessa, beach events under the Forever Beach/SPF brand, and the Sumfest Acoustic Cafe franchise concept managed through the FranJam entity.

Product overview

KLE Group Limited is a Jamaican entertainment and lifestyle company operating a portfolio of restaurants, entertainment venues, and real estate developments. The company's core products include Tracks & Records (a Usain Bolt-partnered restaurant franchise offering authentic Jamaican cuisine and entertainment), Bessa (a luxury villa and condo real estate development in Oracabessa), Forever Beach/SPF (adult beach events), and Sumfest Acoustic Cafe (reggae-themed fast casual franchise). These products are supported by FranJam, the company's franchising and operations platform, and Irie Courier for in-house delivery services. The company also previously operated Fiction Lounge as its first nightlife venture.

Differentiator

Problem solved

Functional benefit

Brands

• Usain Bolt's Tracks & Records: Authentic Jamaican cuisine restaurant franchise featuring sports viewing, live music, and culture, with locations in Kingston, Ocho Rios, and Montego Bay.
• FranJam
• Sumfest Acoustic Cafe
• Bessa
• Forever Beach / SPF
• Fiction Lounge
• Irie Courier

Products and services

• Usain Bolt's Tracks & Records Restaurant franchise offering authentic Jamaican cuisine, live music, culture, and sports viewing in partnership with Usain Bolt. Operating company-owned locations in Kingston (opened April 2011), Ocho Rios (opened August 2016), and Montego Bay (opened 2017).
• Bessa Villas Lifestyle-themed villa and condo community development on 8 acres of ocean and riverfront property in Oracabessa, St. Mary, Jamaica. Includes 86 units: 24 ocean condos (US$260,000-$600,000), 12 pool villas (US$795,000), and 50 river condos (US$260,000-$550,000).
• Forever Beach / SPF High-energy adult beach event branded as a 'Summer Playground Fantasy' featuring beach activities, music, food, and entertainment for Jamaican consumers and tourists.
• Sumfest Acoustic Cafe Fast casual franchise concept featuring 25 years of proprietary Sumfest footage alongside natural eats and juices complementing a reggae atmosphere. First independent concept under the FranJam franchising entity.

Quantifiable outcome

• Revenue increased 300% in Q2 2021 compared to Q2 2020 ($38.21M vs $7.8M)
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Sagicor Group JamaicacoreStrategic or Co-development Partner · 1 January 2017Sagicor Group Jamaica is the equity partner and construction provider for the Bessa Villas development project. The 8-acre development in Oracabessa, St. Mary includes 86 residential units. Sagicor has responsibility for delivering construction while both companies work closely on the venture. Upon completion, property management rights will belong to KLE Group for the first three years with option to renew.
• Usain BoltcoreOEM/ Whitelabel/ Licensing PartnerWorld's fastest athlete and most marketable athlete providing the Tracks & Records brand association. Usain Bolt's Tracks & Records opened in April 2011 as the flagship brand combining authentic Jamaican cuisine, entertainment, and sports viewing with the world's most powerful athlete brand.
• My QuickPlateminorChannel Partner/ Reseller/ DistributorDelivery service partner for restaurant delivery operations, integrated into KLE's restaurant division delivery ecosystem.
• 7KraveminorChannel Partner/ Reseller/ DistributorDelivery service partner for restaurant delivery operations.
• HugominorChannel Partner/ Reseller/ DistributorDelivery service partner for restaurant delivery operations.
• Irie CourierminorChannel Partner/ Reseller/ DistributorIn-house courier service established for restaurant delivery operations, fully integrated into KLE's operations.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Dave & Buster's: Eatertainment concept combining full-service dining with sports viewing and interactive entertainment. Comparable to Tracks & Records' positioning of food + multi-screen sports + live entertainment under one roof.
• Hard Rock Cafe: Globally franchised themed restaurant chain built around celebrity/music memorabilia, sports viewing, and entertainment-driven dining. Directly comparable to Tracks & Records in combining a celebrity IP anchor with full-service casual dining and live entertainment.
• Hooters: Casual sports-bar and grill franchise built on themed dining and sports viewing. Comparable to Tracks & Records' sports-bar plus full-service dining positioning.
• Planet Hollywood: Celebrity-themed casual dining chain anchored by Hollywood entertainment IP. Comparable to KLE's Tracks & Records concept of monetizing a celebrity/athlete brand through themed restaurant venues with memorabilia and entertainment.
• Sandals Resorts International: Caribbean all-inclusive resort operator with integrated real estate/lifestyle offerings. Directly comparable to KLE's Bessa Villas boutique resort/residential model on Jamaica's north coast.
• Buffalo Wild Wings: Sports-bar franchise centered on multi-screen sports viewing, bar food, and group dining. Closely comparable to Tracks & Records' 40+ TV screens and 20-foot HD retractable screen sports-viewing value proposition.

Regional players

• Tastee Limited: Jamaica's largest homegrown QSR chain. Comparable as a Jamaican-headquartered restaurant operator competing in the same island food-service market that KLE's Tracks & Records locations address.

Broad incumbents

• TGI Fridays: Established global casual-dining bar-and-grill chain with franchising. Comparable as a broader incumbent in the themed casual-dining segment, though not Caribbean-focused or celebrity-anchored like Tracks & Records.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kle-group-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KLE Group Limited