Unbridled Sells 27 TBs in CO

News

11.03.2020

"Unbridled Capital recently provided sell-side advisory services to Colomex, Inc. and the Grage Family on the sale of 27 Taco Bells in Colorado Springs, CO. The restaurants were sold to KBP Bells, LLC, led by Mike Kulp and Barry Dubin.

"The Grage family has been dear to my heart for many years. We were honored to receive the call when they decided to sell their business. They have been regarded as one of the best franchisees in the Taco Bell system for decades. It is one of the most pristine businesses I have ever seen in the QSR industry, and it was highly sought-after in the marketplace. We have tremendous respect and gratitude toward the Grage family and wish them the best in whatever life brings next. Finally, we congratulate KBP on another successful acquisition and welcome them as a growth-partner in the Taco Bell brand. They completed the transaction successfully, persevering through an uncertain marketplace with substantial COVID headwinds this year,” said Rick Ormsby.

"Franchisees Jerry and Matt Grage had this to say about Unbridled: “We’ve known Rick for almost 20 years and had immense respect for him and Unbridled. When we were selecting an advisory group, we appreciated Unbridled’s relationships with buyers, straightforwardness, professionalism, and quality of work. In the marketing process, they brought us over 20 quality buyers, and during due diligence (including COVID uncertainties), Unbridled was with us faithfully through every step. We are very thankful for their expertise, and for any franchisee who wants to sell their business, we endorse their services unequivocally and are an eager reference."

For Unbridled, this closing now marks the 6th transaction closed since the start of COVID, with several more in the closing phase. While COVID has halted many restaurant deals, Unbridled is securing new transactions and successfully closing almost every assignment under engagement. We are hopeful and excited for the future of Taco Bell and the entire QSR industry.

As a condition of this closing, Unbridled Capital will make a charitable contribution to the Taco Bell Foundation. We want to give back to the employees who are so important to the success of the Taco Bell brand. We want to be a blessing because we have been blessed.

With several hundred restaurants under current M&A and financing assignments, Unbridled Capital provides the franchise community with unrivaled investment banking services for the world’s leading brands.  For more information, please contact Rick Ormsby at 502-252-6422 or [email protected]