Growth

Client Background

A rapidly growing fast casual brand required non-dilutive development capital to accelerate new unit openings and double the store count in 18 months. The Company had ~25 established units and best-in-class unit economics.

Management desired a capital partner with deep industry expertise that could provide strategic guidance and lend against pro forma EBITDA from new units and normalized G&A.

Our Solution

CapitalSpring provided a minimally dilutive debt and warrants financing to fund aggressive new unit growth. The Company received a large development line commitment with a pro forma run-rate incurrence ratio to fund future development. This entailed 45-day closing from execution of LOI.

• Worked with management to refine and improve new store analytics, including introduction to leading technology vendor

• Supported menu engineering, procurement, and labor optimization, and advised on deployment of new cooking equipment

• Guided brand / consumer elements and portioning / value positioning