The mergers & acquisition market for restaurant franchisees and multi-unit restaurant brands has changed dramatically over the past three decades, and Brookwood Associates’ Amy Forrestal has had a front row seat to that evolution.
2019 might be considered an off year for public restaurant chains as only seven companies outperformed the outsized 28.9% return of the S&P 500 benchmark. However, the industry’s stock market benchmark, the Restaurant Finance Monitor Stock index, weighted 70% in quick-serve restaurants and 30% in casual dining ones, returned 16.74%, an otherwise impressive performance.
One of the notable career achievements for Trinity Capital founder and managing partner Kevin Burke is the role he played in helping to develop and broaden what has become a $12 billion national franchise loan securitization market on Wall Street.
CoreLife Eatery, based in Binghamton, New York, is building a lifestyle brand from the inside out. CoreLife embodies an intersection between “we are what we eat” and “find what works for you.” The company further describes its objective: “Food determines how you feel, how you look, and most importantly, how you perform.” Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
There have been many articles written, sporadically timed, about the impending recession. The timing of such a projection has been challenging. During our Toroso investment committee meetings we too often discuss this risk as well as many others that can affect portfolio outcomes.
Fat Brands, Inc. (FAT-NASDAQ CM), the restaurant franchisor of Fatburger, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Yalla Mediterranean, the Ponderosa and Bonanza Steakhouses, and the recently acquired Elevation Burger, has registered a “best efforts” offering of up to $30 million of preferred stock and warrants.
Kura Sushi USA, a wholly-owned subsidiary of Osaka-based Kura Sushi Japan, filed an S-1 with the Securities and Exchange Commission last week and intends to raise approximately $58 million in an initial public offering. BMO Capital Markets and Stephens Inc. are underwriting the offering.
MOD Pizza, based in Bellevue, Washington was founded in 2008 by Scott and Ally Svenson,. The Svensons had built two successful food service companies while living in England.Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.
Sizzler USA is undergoing a significant management shift. CEO Kerry Kramp is among five executives who exited the iconic West Coast brand early last week. It’s unclear whether they quit or were forced out.
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