Remodel / capex a big consideration in Restaurant M&A. A look at restaurant capex at various #QSR restaurants 👇
2/ Arby's Remodel
% of System Remodeled: 39%
% Newly built last 7 yrs: 15%
Remodel Cost: $250k-$350k. Current image "Inspire", moving on from "Pinnacle" image that was introduced in 1996. Both interior & exterior finishes
Sep 12, 2022 • 19 tweets • 4 min read
1/ Have done plenty of large non-recourse deals with OPM (other peoples money). Those seem fairly straight forward. Spent some time recently figuring out the SBA loans for smaller #SMB deals. A thread on 7a acquisition loan learnings
2/ Max SBA 7(a) loan amount is $5M. There are tons of people that will do these loans. This seems to be bread and butter of a lot of lenders.
SBA has a list of lenders here. @LiveOakBank leads the way
1/n Thread on #restaurant labor
2/n Labor market for restaurants is more difficult than it has ever been. I have heard more franchisees / large operators say that they have spent more time "flipping burgers" or something similar than in the last 20 years
Oct 7, 2021 • 17 tweets • 2 min read
1/n Restaurant M&A thread. Things I always get asked
2/n Chick-fila: No. Not a franchise. You are a highly paid owner. Make $200k+ because Chick-fil-a kills it. When you are done working, nothing to sell. Thanks for your service
