Unbridled Capital Sells 19 Papa Johns in GA


Unbridled Capital recently provided sell-side advisory services to Papa John’s USA, Inc. on the sale of 19 locations in Georgia. Unbridled Capital acted as refranchising agent for Papa John’s in this transaction. The market was sold to existing franchisee Ricky Warman and related entity(s).

“Unbridled has now helped us in the refranchising of three markets: South Florida, Macon and Minneapolis. They have been an excellent and very valuable partner throughout each transaction. They have a vast network of buyers, inside and outside of the Papa John’s brand and across franchisees, investors, family offices and private equity firms. They have vast expertise in valuations, deal structuring and due diligence. Perhaps most importantly, they are trustworthy and passionate about their clients’ interests. For these reasons, we continue to use their services and would recommend them wholeheartedly to any seller of a franchise company,” said Joe Smith, CFO of Papa John’s International, Inc.

“We are very thankful to Papa John’s for their continued trust in Unbridled for their refranchising needs. South Florida was a very popular market with great sales volumes, and we had a great buyer turnout at high prices. For Ricky Warman and his partners, we wish them the very best with this market as they continue to grow. Finally, we send our kind regards to everyone at Papa John’s as they continue the brand turnaround,” said Rick Ormsby, Managing Director.

With a success rate of 91.4% in recent M&A assignments, Unbridled Capital provides the franchise community with unrivaled success in investment banking services.  For more information, please contact Rick Ormsby at 502-252-6422 or [email protected].