Buyout

Client Background

A ~20 unit family dining brand with a 60+ year history was put up for sale by family owners who sought liquidity for estate planning. The Company had strong unit performance and brand equity in the region. The seller owned multiple restaurant real estate properties that needed to be acquired in parallel.

Our Solution

CapitalSpring designed a comprehensive offer that allowed the sellers to interface with a single buyer for both the operating company and real estate with no financing contingency.

• Back-stopped sale-leaseback financing for real estate properties

• Single source financing for the operating company purchase

CapitalSpring partnered with a proven external management team to drive meaningful 4-wall improvement, while maintaining a commitment to the Company’s culture, history, and employees.

• Implemented new leadership and elevated existing employees

• Optimized restaurant operating processes, menu, and marketing

• Updated and professionalized above-store support center

• Developed new unit prototype and accelerated opening pace