Over the years this column has addressed the use of sale/leaseback as a franchise finance vehicle. While interest rates have been moving up fairly quickly and the prime rate of interest is now above…
Many sectors of the real estate market continue to remain strong and attract significant attention in the financing markets. Notwithstanding the recent slow down in the housing market, demand for and the valuation and…
“Can I raise money when I have only one location?” “Can I start franchising with one location?” These are questions our firm is regularly asked. In the past, our answer to both questions has…
Two key words in the franchise finance world for 2006 will be “multiples” and “activity.” It is apparent, through recent and pending transactions, that the valuation Multiples (the cash flow from the target business…
Successful franchisees often have a problem in effectively transitioning and protecting the value of their business interests from events such as estate taxes, creditor collections and forced sales. As franchisee organizations mature, they become…
“I need some money to get started. Do you know someone who could help?” or, “I need an angel investor. Can you find an angel for me?” or “I’ve heard from a number of…
In the last several years we have seen a proliferation of private equity investment in the restaurant sector. Many of today’s leading restaurant chains started out with significant private investment. This private investment was…
