Guy I met has a 13 franchise portfolio he’s looking to exit, says he wants out of the rat race due to a recent cancer scare.
He’s saying that 20% of revenue is clean for past 3-4 years (just use $2.2m net on $10m gross for reference). Leases good til 2031-34 with 5 yr options.
Honestly, the eagle’s view numbers look great to me and it would be a good way for me to diversify a bit, but I’ve never operated a restaurant or a franchise, nor do I know anyone in the restaurant space besides the individual (at least not “close” with). Any tips? (Already considering splitting the portfolio into just top 2-3 performing locations)
