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Podcasts/Acquiring Minds
Acquiring MindsApril 17, 2023

How to Build a Portfolio of 20 Franchise Locations

with Michael Horowitz · Wingstop

Listen to Episode →

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business
Wingstop
Industry
Franchise - Quick Service Restaurant (chicken wings)
State
NY
Purchase Price
$4.0M
Multiple
5.7x
Year
2019
Deal Source
other

Financing Structure

Bank Loan
Buyer Equity

Strategic Rationale

Entry into a scalable QSR brand with high unit-level economics and white space for development.

Post-Acquisition Performance

Grew to 20 units; revenue grew significantly during COVID.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 2.00%
Top Lenders
NewBank48 deals
Bank of Hope21 deals
Hanover Community Bank20 deals
The Bank of Princeton20 deals
FinWise Bank16 deals
See all matching lenders →

Matched SBA Loan Records

SBA loan filings we matched to this deal

Hanmi Bank85%
$325KP + 2.75%FY2010
Simmons Bank85%
$330KP + 1.50%FY2016
Simmons Bank85%
$352KP + 2.00%FY2015

Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds