Unbridled Capital recently provided sell-side advisory services to MC Wings, Inc., led by Michael Caradulis, for the sale of 5 Wingstop restaurants in South Florida. The restaurants were sold to existing franchisee Florida Wingmen, LLC, led by partners Sergio Balsinde and Eddie Rodriguez.
“Before deciding to sell, I received a strong recommendation on Unbridled Capital’s expertise and gave them a call. After one conversation, I could tell that they were the right company to help maximize the return for my life’s work as a franchisee. During the marketing phase, they brought an unprecedented number of buyers to make offers on my business, and importantly, they showed impressive acumen and skill during the financial modeling, purchase agreement process, negotiations with Corporate, and throughout the emotional ups and downs of closing my deal. Their service is priceless – I would hire them again in a second. For my fellow Wingstop franchisees, I urge you to call Rick and Derek when you ever consider a sale of your business. Paying their fee is a fraction of the added millions you will likely get in the sale of your business,” said franchisee Michael Caradulis.
“It was an honor to represent Mike in our first Wingstop M&A transaction. His business had incredibly high AUVs, and he operated in one of the hottest areas of our country, just north of Miami. It was exciting to see the vast amount of buyer interest in this business. The Florida Wingmen emerged as the buyer of choice, and their team was very responsive throughout due diligence. We wish them the absolute best as they inherit a great business. For both parties, congratulations and job well done! Finally, Unbridled is eager to continue adding value to franchisees in the Wingstop system – call us anytime!” said Rick Ormsby, Managing Director.
As a condition of this closing and token of our appreciation, Unbridled will give a donation to Wingstop Charities, a foundation dedicated to enhancing and elevating the community work of Wingstop brand partners to make a difference in the lives of our youth. We want to be a blessing because we have been blessed.
Despite meteoric growth, Unbridled Capital continues to maintain an industry-leading closing percentage of over 90%. For more information, please contact Rick Ormsby at 502-252-6422 and [email protected].