Unbridled Capital recently provided sell-side advisory to RayChris Corporation on the sale of 2 KFC stores in Kentucky. The restaurants were sold to long-time franchisee JRN, Inc, led by Tyrone Neal. The Popp family, long-time KFC franchisees, will continue to operate a KFC location in Kentucky.
“We are extremely pleased with Unbridled Capital’s handling of our recent KFC sale. For a smaller transaction, this deal was quite complicated, and I’ve come to realize that it is extremely difficult to sell KFCs without the help of an advisor – much more challenging than in years past. The Unbridled team not only found us the best buyer for our locations, but they also helped immensely and patiently with the purchase agreement, entity issues, R&M negotiations, due diligence and corporate approval. We would give the highest endorsement to Rick and the entire team at Unbridled Capital,” said Chris Popp, President of RayChris Corporation.
“Over the past 36 months, Unbridled has been at the forefront of helping KFC franchisees in the sale of their businesses, having completed 16 KFC sell-side transactions representing almost 150 restaurants with a success rate of 100%. We are very thankful to both parties for their dedication in closing this transaction. To Tyrone and the JRN team, congrats on the continued growth of your KFC business! It has been an honor to help the Popp family, and we wish them continued success in KFC,” said Rick Ormsby, Managing Director.
With about $1,000,000,000 in recent and active sell-side M&A assignments across a variety of brands, 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].