Address Cafe
Premium F&B at scale — IFRS 16 across kitchens, outlets and warehouses
Address Cafe uses ContractHive to manage lease portfolios across its growing F&B footprint in Saudi Arabia.
Published · Updated
The situation
Address Cafe operates a portfolio of premium F&B outlets across Saudi Arabia, plus central kitchens, warehousing and corporate offices. Each outlet lease typically combines mall fit-out costs, signage rights, common-area maintenance charges and turnover-rent provisions linked to sales.
The challenge
F&B operators face a specific IFRS 16 wrinkle: turnover rent (rent that varies with sales) and CAM charges blur the line between fixed and variable lease components. Getting IFRS 16 right at scale, while opening new outlets every quarter, requires automation that the typical CLM doesn't provide. Manual abstraction couldn't keep up with the pace of expansion.
The solution
ContractHive abstracts each outlet lease automatically, models turnover-rent and CAM components correctly, and consolidates the portfolio for group reporting. As Address Cafe opens new outlets, the IFRS 16 schedules update without manual intervention. Disclosures and journal entries are produced on demand, with full lineage back to the underlying contract clauses.
Outcomes
- Real-timeIFRS 16 schedules as the portfolio expands
- 100%Audit-ready disclosures with full lineage
- Turnover rent and CAM components modelled correctly
- Bulk abstraction across mall and high-street outlets
Want results like Address Cafe?
Book a 30-minute demo and we'll walk you through ContractHive against your real data — the same way we did with Address Cafe.