Unbridled Capital recently provided sell-side advisory to Alice J Schleicher Inc. on the sale of 14 KFC restaurants in Indiana and Kentucky. The restaurants were sold to Houston Enterprises USA, Inc., led by existing KFC franchisee Mike Houston. After this transaction, the Schleicher family will continue as franchisees in the operation of KFCs in other markets.
“It was never a question that we were going to hire Unbridled Capital when it came time to downsize our business. Rick and his team have an excellent reputation of getting the best prices and terms for KFC franchisees. We certainly were not disappointed in this transaction. They designed a targeted outreach and found the Houston organization to acquire our business, which was clearly not the obvious buyer in the market. Getting the deal closed required patience, critical-thinking skills, determination, integrity and relationships within the KFC brand. Rick and Derek exhibited these qualities in high measure, and they were faithfully by our side the entire time. We thank them immensely and give them very high marks for their efforts. We’d strongly encourage any franchisee to hire them in the sale of their company,” said franchisee Kimra Schleicher.
“The Schleicher family has been in the KFC system for many years and is one of the most distinguished and respected operators in the system. As such, we are so very thankful to them for their confidence in us. For this transaction, I was extremely proud of our team’s tenacity and results. This business was not sold to one of the large consolidators in the KFC system, and as such, it required an extra focus on financing, due diligence and corporate approval. We wish a hearty congratulations to the Houstons as they bring their family to the Louisville area. Finally, we send our kindest regards to the Schleicher’s as they continue to represent the KFC brand with success,” said Rick Ormsby, Managing Director.
As a condition of this closing, Unbridled Capital will make a charitable contribution to the KFC Foundation. We want to give back to the employees who are so important to the success of the KFC brand. We want to be a blessing because we’ve been blessed.
Unbridled has recently completed 16 successful KFC sell-side transactions totaling almost 150 restaurants with a closing percentage of 100%. With over $1,000,000,000 in closed and current M&A assignments, Unbridled Capital provides the franchise community with unrivaled investment banking services. For more information, please contact Rick Ormsby at 502-252-6422 or [email protected].