Unbridled Capital recently provided sell-side advisory to Bullock-Scott Restaurant Group LLC of TN, GA, AL and Carreca Enterprises, Inc. on the sale of 45 Pizza Hut restaurants in Tennessee, Georgia and Alabama. The restaurants were sold to new franchisee GPS Hospitality, one of the country’s largest restaurants operators with roughly $650MM in annual revenues and 388 Burger Kings & 19 Popeye’s.
“Rick and his team at Unbridled Capital did a superb job for our family. We knew we needed an advisor who had connections with family-offices and large franchisees outside of the Pizza Hut system, and Unbridled specializes in making a broader market beyond the existing franchise base to get higher prices with lower deal risk. Indeed, they brought several well-capitalized buyers to our business to make offers at record prices. Equally as important, they provided substantial help in finding solutions during due diligence, with lease assignment challenges and with asset allocations to positively impact our tax liability. We would wholeheartedly recommend them to anyone considering a sale of their franchise,” said Jeff Bullock.
“We are thankful to Jeff and the entire family for the opportunity to have represented them, and we wish them the very best in this new stage of their lives. Over the past 18 months, Unbridled has sold about a dozen Pizza Hut businesses, many of them to family-office buyers we’ve introduced to the Pizza Hut brand. In this case, we are super-excited to welcome GPS Hospitality to Pizza Hut. They are great people with a proven track record of world class operations and brand stewardship. Congratulations and warm wishes to Tom Garrett, Scott Jasinski, Chris Phillips and the entire GPS team,” said Rick Ormsby, Managing Director.
As a condition of this closing, Unbridled Capital will make a charitable contribution to the Pizza Hut museum at Wichita State University. We want to show our respects to the fantastic legacy of the Pizza Hut brand. We want to be a blessing because we’ve been blessed.
With about 50 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 firstname.lastname@example.org.