Slim Chickens plans to launch more than 50 restaurants this year in various states including Georgia, South Carolina, North Carolina, Florida, New Jersey and Pennsylvania, according to a press release. Internationally, franchise restaurants will continue to open across the United Kingdom as well. The company, known for chicken tenders, fresh salads, sandwiches, chicken wings and chicken and waffles, closed out 2020 having signed over 150 multi-unit agreements with 16 groups that will bring
Archives for January 2021
4 Investor Strategies for Restaurant Deals This Year
10 Point Capital only invests in franchisors with between 30 and 300 units and is typically the first investor in these companies alongside the founders, Tom Wells, managing partner at 10 Point Capital, said. These businesses have already gotten through the challenge of scaling into multiple markets, have enough data to be able to provide unit-level economics and have already figured out their brand valuation, Wells said. The private equity firm does one deal a year, and looks for high-growth
After Pandemic Slump, M&A Will Accelerate in 2021
Private equity remains hungry for both franchisors and franchisees, and deals that were stalled during the pandemic could occur in 2021, Tom Wells, managing partner at private equity firm 10 Point Capital, said. Predominant transactions will likely be buyouts of the whole business, similar to the Inspire/Dunkin’ deal, Wells said. Lenders still have an appetite for restaurants and supporting buyouts, he said. Click Here to Read More
Walk-On’s Sports Bistreaux Looks To Double Openings In 2021
Walk-On’s Sports Bistreaux, an all-American sports bar franchise with 46 locations open an 150 in development, has announced plans for aggressive expansion throughout 2021. The organization is currently planning to open upward of 25 new sites this year, fueled by a recent growth equity investment from 10 Point Capital. Click here to read more
Walk-On’s Looks to Open Up to 25 Restaurants in 2021
Walk-On’s announced an aggressive 2021 franchise development strategy planning to open upward of 25 new restaurants across the country. Fueled by a recent growth equity investment from 10 Point Capital, the brand is poised for long-term expansion as it seeks qualified franchise partners to join the Walk-On’s team. Click Here to Read More
Phenix Salon Suites Bolsters Multi-Unit Growth in 2020
Phenix Salon Suites, the leading suite rental franchise with 290+ locations, is wrapping up a monumental year with more than 30 new openings, 57 signed agreements and a robust pipeline for new growth slated for 2021. A strong influx of signed franchise agreements has attracted high caliber investors looking to diversify their franchise portfolios. Notable multi-unit agreements include Doug Cox, who signed on for 15 salons in the Knoxville and Nashville markets, multiple 3-4-unit deals in