Restaurants / Fast Food Franchise
Private equity group that owns and operates 8 fast-food Mexican franchise locations in the midwest has decided to exit. Will entertain all offers of any combination. These operations were purchased in 2018 and include locations in Kansas, Missouri, Iowa, Minnesota and Idaho. The initial plan was to expedite growth by acquiring existing operations and further developing the footprint in the markets by opening additional units. The current operators are new to the QSR industry and have quickly learned that hiring and retaining personnel is essential to this business.
The franchise concept and store locations are solid. Current individual unit sales volumes at each location are at a level that will support a healthy, profitable operation. A new owner with operational experience in the QSR industry will see the opportunity. The current owner has managed these locations remotely from a long distance which has posed an additional challenge.