This insanely profitable Brazilian steakhouse chain is about to take over America

A Brazilian restaurant you have probably never heard of is about to take over the US.


Fogo de Chao’s recently filed IPO reveals just how profitable the brand is and how it plans to win over American diners.

Fogo de Chao serves mostly Brazilian BBQ, called churrasco, in an all-you-can-eat barrage of more than a dozen different cuts of meat cooked on skewers and sliced at the table.

Menu items include six varieties of grilled beef plus lamb, chicken, pork, seafood, and a salad bar. Diners fork over $59.50 for unlimited food…

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