In our industry, sometimes it is easy to get focused on transactions, interest rates and EBITDA and forget the bigger and more important part of this business – the employees who are so critical to its success.

Over the years, we have all been touched to hear of so many stories of changed lives that started as an hourly worker in a restaurant. Here are a few themes: Broken families brought together. Achievement and advancement. Confidence and self-esteem. College graduations. Training that lasts a lifetime. Relationships and friendships in difficult times.

At Unbridled Capital, we want to show our appreciation for the hard-working employees who run these businesses. Going forward, Unbridled will make a charitable donation to a Restaurant Foundation for deals we close – and within each particular brand when possible.

“As a business owner, I know that the front-line employees make all the difference, yet they are often underrecognized and underappreciated in our narrow world of M&A and financing. At Unbridled, we want to be different. We want to financially contribute to the Foundations that support the employees within the brands we serve. Our goal is to raise thousands of dollars each year. We want to be a blessing because we have been blessed,” says Rick Ormsby, Managing Director.

For more information on Unbridled Capital, please feel free to visit www.unbridledcapital.com or each Rick Ormsby directly at 502-252-6422 and [email protected]

Unbridled Capital, a franchise advisory firm focused primarily on the restaurant industry, provided divestiture services for Papa Murphy’s International (FRSH) in the sale of their 8 Corporate stores in the Denver, Colorado area. The buyer was Fresh Take LLC, controlled by existing franchisees Ryan McCallister, Tyler Ross and Brad Seymore. At closing, their unit count has increased to 18 stores.

With over 500 restaurants for sale across numerous brands, Unbridled Capital aims to provide the franchise community with unrivaled investment banking services.  For more information on Unbridled Capital, please contact Managing Director Rick Ormsby at 502-252-6422 or [email protected].

Unbridled Capital, a franchise advisory firm focused primarily on the restaurant industry, provided sell-side advisory to La Raza Pizza, Inc. on the sale of its 43 Pizza Huts in Indianapolis. The selling franchisee, Gene Camarena, is a legacy franchisee with a long history of excellence in the Pizza Hut system. Gene and his family sold the Indianapolis market to new and growing franchisee, Quality Huts, a portfolio company of GenRock Capital Management.

With approximately 500 restaurants for sale across numerous brands, Unbridled Capital aims to provide the franchise community with unrivaled investment banking services.  For more information on Unbridled Capital, please contact Managing Director Rick Ormsby at 502-252-6422 or [email protected].

Unbridled Capital, a franchise advisory firm focused primarily on the restaurant industry, provided sell-side advisory to Wheeler Enterprises, Inc. on the sale of their 15 restaurants (12 KFCs and 3 KLs) in Ohio, West Virginia and Pennsylvania. Larry and Mrs. Wheeler, and their sons Chad, Brandon, and Brian, have been successful and respected KFC franchisees for many decades, dating back to when Larry opened their first restaurant in the 1970’s. The Wheelers divested their restaurants to KBP Foods, KFC’s largest franchisee with almost 600 restaurants.

With over 500 restaurants for sale across numerous brands, Unbridled Capital aims to provide the franchise community with unrivaled investment banking services.  For more information on Unbridled Capital, please contact Managing Director Rick Ormsby at 502-252-6422 or [email protected].

Unbridled Capital Sponsors Taco Bell Foundation Cornhole Tournament at the Franchise Forum and Wins 1st Place

Unbridled Capital, a franchise advisory firm focused primarily on the restaurant industry, closed the following transaction in December: Cecil Eiserer and SEC Restaurants sold their 17 Pizza Hut restaurants, including the underlying real estate, to existing Pizza Hut franchisee Legacy Pizza. These restaurants are located throughout Alabama. Unbridled provided sell-side M&A advisory to SEC Restaurants. “The buyer in this transaction represents a progressive trend in the business, which is an influx of 30- to 40-year-old operators who are backed by investors and family offices. And we’re seeing this within the legacy brands,” said Rick Ormsby, managing director of Unbridled Capital. “Private equity is more an option for companies with $8 million to $10 million in EBITDA or more. For companies with $2 million to $5 million in EBITDA, private equity just isn’t interested, but it is a good play for a smaller family office. And, they don’t have the timeline that PE usually does, which is an exit anywhere from five to seven years.” Unbridled Capital decided to focus on family offices as a source of M&A and equity financing for their multiunit restaurant clients—those deals that represent 20 to 70 units. “While we will do larger deals and have established relationships with private equity, that segment is underserved,” said Ormsby. For more information on Unbridled Capital, Rick Ormsby, at 502-252-6422, or [email protected].

Unbridled Capital, a franchise advisory firm focused primarily on the restaurant industry, provided buy-side advisory to KC Bell in the Corporate divestiture of 6 Taco Bell restaurants in the the Southern Kentucky and Northern Tennessee areas.

With over 500 restaurants for sale across numerous brands, Unbridled Capital aims to provide the franchise community with unrivaled investment banking services.  For more information on Unbridled Capital, please contact Managing Director Rick Ormsby at 502-252-6422 or [email protected].

Unbridled Capital, a franchise advisory firm focused primarily on the restaurant industry, provided sell-side advisory to KC Bell on their sale of 39 Taco Bells in the Kansas City area in November. KC Bell, a franchise for more than 20 years, sold the restaurants to Royal Bell, Inc., an affliate of A&C Ventures. A&C Ventures, led by David Grieve, will operate 189 Taco Bell locations. KC Bell, Inc., led by Paul Hoover, remains a Taco Bell franchisee in several other markets nationwide. With almost 500 franchise restaurants currently for sale in large groups across several brands, Unbridled Capital expects a very active 2018. For more information on Unbridled Capital, contact Managing Director Rick Ormsby at 502-252-6422 or [email protected].

Unbridled Capital, a franchise advisory firm focused primarily on the restaurant industry, closed the following transaction in October: Sell-Side M&A Advisory:Dave Curnutt and related entities, franchisees for five decades, have sold 23 of their Pizza Hut restaurants, including the underlying real estate, to new Pizza Hut franchisee Grand Mere Capital, led by Mike Cherney. These restaurants are located in the Kansas City area, as well as around Columbia, Mo. For more information on Unbridled Capital, contact Managing Director Rick Ormsby at 502-252-6422 or [email protected] unbridledcapital.com.

Unbridled Capital, an advisory firm focused primarily on the restaurant industry, closed the following transaction in a sell-side M&A advisory role: A franchisee for four decades, Bill Cutrer has sold his four KFCs to Overland Park, Kansas-based KBP Foods, including one underlying parcel of real estate. The four restaurants are located in the Topeka, Kan. area. Unbridled Capital provides investment banking services such as M&A advisory and capital raising for multi-unit restaurant businesses. For more information, contact Rick Ormsby at 502-252-6422 or [email protected].

Unbridled Capital, an advisory firm focused primarily on the restaurant industry, closed the following transaction in a buy-side M&A advisory role: KFC newcomer, Lonnie Noble and Noble Pursuit, LLC, recently purchased six KFC restaurants from franchisee, Brent Ross, of Lenella and Tarapa Corporations. The underlying real estate was sold to BayHill Realty Capital. The restaurants are in Southern California and Arizona. At the close of the transaction, Noble Pursuits owns seven KFC restaurants with the intent to continue its growth in the coming years. For more information, contact Rick Ormsby at 502-252-6422 or [email protected].

Unbridled Capital, an advisory firm focused primarily on the restaurant industry, closed the following transaction in a sell-side M&A advisory role: Dave Curnutt and related entities, franchisees for five decades, have sold nine Pizza Hut restaurants, including the underlying real estate, to multigeneration franchisees, Dave and Jason Staab. These are rural Red Roof restaurants located in Kansas and Missouri and were split between Dave and Jason’s companies. For more information, contact Rick Ormsby at 502-252-6422 or [email protected].

16 December 2016 – Ormsby Launches New Firm: Unbridled Capital – Restaurant Monitor, Volume 27, Number 12