Unbridled Capital recently provided sell-side advisory to Bill Vollenhals and Pat Kern on the sale of 9 KFC restaurants in the Reno, Nevada market. The restaurants were sold to a new franchisee to the KFC system, SC Food Group, led by Chris Porter. This marks the end of a fantastic 47-year KFC career for the sellers.
“I’ve known Rick for well over a decade now. When we decided to sell, we immediately thought of Rick and Unbridled. From the start they were attentive and clearly looking out for our best interests. They were able to bring several strong offers during the marketing process, especially from outside buyers new to the KFC system. There were some bumps in the road throughout the deal, but with Unbridled’s help, we were always able to come to reasonable resolutions with the buyer. They were also always reachable by phone no matter the time of day. I would personally recommend them to any franchisee looking to sell their business. You’ll be in good hands,” said franchisee Bill Vollenhals.
“Bill and Pat had been in the KFC system as long as I’ve been alive! When they called us with the desire to sell, I was honored to help them. The industry is definitely shifting with much of the old-guard looking to retire and pass the torch to the next generation. Franchisees like Bill and Pat have been instrumental to the growth of these franchised brands, especially KFC, and we are always honored to ensure they find the best buyers at the best prices for their businesses. We are so very thankful to them for their confidence in us,” 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 continues to see a strong M&A market heading into Q2 of 2021. We’re currently engaged on almost $1B of transactions and maintain a fantastic closing percentage of over 90%. Unbridled Capital provides the franchise community with unrivaled investment banking services. For more information, please contact Rick Ormsby at 502-252-6422, [email protected], or Derek Ball at 502-252-6461, [email protected].