Unbridled Refinances 10 TBs in CA


Unbridled Capital recently completed refinancing services for Tambro, Inc. and their 10 Taco Bells in California. Tambro is led by long-time franchisees Alan Laabs and Tami Laabs-Mason.

“I’ve had immense respect for the Laabs family for many years. They have quietly grown a fantastic Taco Bell business in the San Jose area. This refinancing was not solely to better their financing terms, but to make them more flexible for future acquisition opportunities. Many brands, especially Taco Bell with its tremendous growth, have franchisees with significant embedded equity in their businesses. Partnering with a bank to free up this equity is critical to facilitate growth through acquisition and development. In addition, especially with the pressures many franchisees have faced in 2020, improving interest rates and terms should significantly improve cash flow and allow for more flexibility. We are thankful to the Laabs family for their trust in Unbridled Capital, and we congratulate Wells Fargo for being selected to do this refinancing,” said Managing Director Rick Ormsby.

Franchisees Alan and Tami had this to say about Unbridled: “We’ve known Rick and Derek for many years now. They have represented several Taco Bell sellers in our area recently, but we just were not in a banking position to submit competitive offers. After missing out on these opportunities, we decided to call and discuss how they could help us improve our lending situation. They ran a competitive process across the national restaurant lenders and found a surprising amount of interest at super-competitive pricing and terms. In the end, we chose Wells Fargo and are thrilled with the outcome from Unbridled’s efforts during an uncertain COVID time.”

For Unbridled, the firm has remained extremely busy in the second half of 2020 through a surprisingly robust M&A marketplace in the QSR segment. With interest rates remaining at historic lows, now might be the time to consider digging into the details and pulling the trigger on a refinance.