California-based The Cheesecake Factory Inc. ( CAKE ) is on the verge of launching new restaurants in Latin America. In this regard, Cheesecake Factory has penned a licensing agreement with Alsea, S.A.B. de C.V. Cheesecake Factory has chosen the emerging markets of Latin America to tap its increasing growth potential. Under the terms of the agreement, Cheesecake Factory will develop nearly 12 new restaurants across Mexico and Chile over the next eight years. Cheesecake Factory will mark its first appearance in Latin America with the opening of a new outlet in Mexico City in 2014. In addition, the contract also includes expansion plans in other Latin American countries including Argentina, Brazil, Colombia and Peru. These openings are expected to give a boost to the company's earnings and revenue growth, going forward. Cheesecake Factory is continuously trying to expand its presence in the international market.