Sale of Assets	6 Months Ended
Jun. 30, 2011
Sale of Assets Disclosure [Abstract]
SALE OF ASSETS	NOTE 5 — SALE OF ASSETS During the third quarter of 2010 the Company entered into an agreement to sell all its eight properties to Bigburger Ltda., and CCC Empreendimentos e Participações Ltda. entities controlled by José Ricardo Bomeny and Rômulo B. Fonseca, respectively, two of the Company’s major shareholders. Three own-operated stores and five stores operated by franchisees, all under the Bob’s brand, had their business premises sold. The sale transaction only included the buildings and improvements made to them and did not include either the operating assets or the operation of the stores. Therefore, after the sale of the properties, the Company will continue to operate its stores as usual, as will the franchisees. This transaction was conducted at the estimated fair value and will result in sale proceeds of R$13.5 million from assets with a book value of R$6.4 million. Management prepared the fair value estimates for these asset sales and in doing so considered valuations provided by real estate consultants. By December 31, 2010, much of the transaction had already been concluded (seven of the eight properties sold), for which reason the company accounted for a net gain of R$5.4 million (R$3.6 million, net of income tax) in the operating results for the twelve-month period ended on that date. Some legal issues have held up the sale of the one remaining property, though this is expected to be concluded in the second semester of 2011, bringing expected additional gains to be accounted for of approximately R$1.6 million (R$1.1 million, net of income tax). The portion of assets which had not been sold by June 30, 2011 were reclassified to the Properties held for sale account (part of “Other receivables and other assets” — see note 4) at their net cost value (R$1.1 million). The terms of sale included a downpayment of approximately 20% of the total amount, with the balance to be paid in 24 monthly installments. The buyers also accepted certain conditions to protect the Company’s long-term interests, including the maintenance of existing rental agreements and loan guarantees. All payments due until June 30, 2011 (total amount received was R$5.5 million which includes R$2.2 received during the first quarter of 2011) were received by the Company. The short-term portion of these receivables is stated as “Receivables from properties sale” in the balance sheet and the long- term portion is stated as part of “Other receivables and other assets”. The Company has evaluated the status of these receivables and concluded that there are no issues with their collectability. This transaction will enable the Company to reduce its debt and permit the management to focus its attention on the core restaurant operations.

NOTE 5 — SALE OF ASSETS

During the third quarter of 2010 the Company entered into an agreement to sell all its eight properties to Bigburger Ltda., and CCC Empreendimentos e Participações Ltda. entities controlled by José Ricardo Bomeny and Rômulo B. Fonseca, respectively, two of the Company’s major shareholders. Three own-operated stores and five stores operated by franchisees, all under the Bob’s brand, had their business premises sold. The sale transaction only included the buildings and improvements made to them and did not include either the operating assets or the operation of the stores. Therefore, after the sale of the properties, the Company will continue to operate its stores as usual, as will the franchisees.

This transaction was conducted at the estimated fair value and will result in sale proceeds of R$13.5 million from assets with a book value of R$6.4 million. Management prepared the fair value estimates for these asset sales and in doing so considered valuations provided by real estate consultants.

By December 31, 2010, much of the transaction had already been concluded (seven of the eight properties sold), for which reason the company accounted for a net gain of R$5.4 million (R$3.6 million, net of income tax) in the operating results for the twelve-month period ended on that date. Some legal issues have held up the sale of the one remaining property, though this is expected to be concluded in the second semester of 2011, bringing expected additional gains to be accounted for of approximately R$1.6 million (R$1.1 million, net of income tax). The portion of assets which had not been sold by June 30, 2011 were reclassified to the Properties held for sale account (part of “Other receivables and other assets” — see note 4) at their net cost value (R$1.1 million).

The terms of sale included a downpayment of approximately 20% of the total amount, with the balance to be paid in 24 monthly installments. The buyers also accepted certain conditions to protect the Company’s long-term interests, including the maintenance of existing rental agreements and loan guarantees. All payments due until June 30, 2011 (total amount received was R$5.5 million which includes R$2.2 received during the first quarter of 2011) were received by the Company. The short-term portion of these receivables is stated as “Receivables from properties sale” in the balance sheet and the long- term portion is stated as part of “Other receivables and other assets”. The Company has evaluated the status of these receivables and concluded that there are no issues with their collectability.

This transaction will enable the Company to reduce its debt and permit the management to focus its attention on the core restaurant operations.