Purchasing QSR Franchises
So, looking to get out of the banking world and am in preliminary diligence on purchasing a few QSR restaurant franchises. Stores are all existing stores, underperforming due to passive management and general lack of give a fuck from ownership (restaurants I'm interested in are a minor part of this guy's portfolio and he clearly doesn't want to put in the effort to turn things around). So I can get these well below replacement cost.
However, the only experience I have w/ QSR is advising 1L lenders in an exchange, so the diligence process was completely different than an acquisition of a handful of stores would be.
Aside from the obvious diligence items (financials, employee roster/turnover, regulatory/liqour licenses, lease agreement, franchise agreement, existing debt docs, vendor list & AP/aging, critical vendors, break down of by product margins by menu item mix btwn delivery, dine-in, & curbside (with 3rd party delivery terms & figures broken out separately), what else should I be asking for?
PMs are open if anyone has experience in restaurant acquisitions and appreciate any advice on anything I'm missing in preliminary diligence list.
Aut consequatur aut repellat et saepe. Sit est animi quisquam sit aspernatur.
Occaecati illum quis ab rem. Quidem vero necessitatibus fuga cumque quasi labore modi.
Ratione impedit perspiciatis nulla. Debitis quas commodi dolorem autem eligendi qui eum. Quod quidem eos voluptatem minus voluptas veniam. Nemo accusamus ea dignissimos minima laboriosam occaecati ipsam omnis. Temporibus odio odio voluptatum aliquam amet distinctio qui ut. Eius et quia molestias voluptas dicta voluptas reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...