Franchise Times Names 10 Top Franchises to Buy Let the chips fall where they may. It’s a common enough saying, but not the mindset you should have as a prospective franchisee considering which concept will win your investment. Sifting through thousands of brands in a multitude of industry segments can prove daunting even for seasoned business professionals—and more so for first-time franchisees. That’s where the Franchise Times Zor Awards project comes in. Click here to read more
10 Point Capital’s Tom Wells featured in QSR Magazine
The Role of Private Equity in a Post-COVID Landscape Tom Wells spoke with QSR about 10 Point Capital’s COVID journey, what the future holds, and how brands can position themselves to land an investor as they prepare for 2021 and beyond. Click here to read more
Slim Chickens Sales Rose 35% in 2020, Looks to Continued Growth in 2021
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
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
Slim Chickens Inked Agreements To Open 150 Units
Slim Chickens is closing out 2020 with a bang: the brand has inked multi-unit franchise agreements for 150 units this year. Slim Chickens signed multi-unit agreements that will bring the brand into new markets across the country. Some of the more notable deals include agreements for 12 units in Georgia, 23 units in Tampa, 10 units in New Mexico and 22 units in North Carolina. Click Here to Read More
Brand Strength During COVID Helps Restaurants Get Capital
Even though it’s in the family dining and sports bar segment, Walk-On’s Sports Bistreaux is performing well enough to attract a growth investment from 10 Point Capital, which noted how “aggressive” the brand is being during the pandemic. Read More Here