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Hedge fund or VC route?
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If it is chick-fil-a you are good
Brand or multi-brand? What are total system sales?
Pitchbook is a good source
Not its not chick-fil, apologies can’t share the name..
P1 - brand.
Even if you get financial information, it will likely be stale and may not tell you anything.
Without knowing the segment, here are some things to think about strategically to get a sense of how well they are doing / how sustainable it is:
-How digitally capable is the brand? Quality of app? Enabling of touchless transactions?
- How dependent on alcohol sales?
- Does menu / product hold up well for eating at home?
- Any evidence they have made G&A cuts, e.g. by looking at LinkedIn postings?
- What price point do they play at? Some belief that budget / value players will do better over the next couple of years if you think we’re in for a slow economic recovery
- What is the geographic profile of their locations? Concentrated in places hit hard by virus?
- What is the real estate profile of their locations? Restaurants with heavy exposure to office lunch business or college campuses are not doing well