MarshallMorgan Completes Sale of 66 Unit Pizza Hut Market in Chicago

MarshallMorgan, LLC served as the exclusive advisor to FMI, LLC, one of the largest Pizza Hut, KFC and Taco Bell franchise operators in North America, in its' sale of 66 restaurants in the Chicago market to Quality Huts, LLC headquartered in New York.  FMI Group owns and operates more than 317 locations across Canada and  the United States employing over 6,000 employees. It's Chicago market included approximately 70% Delcos and 30% dine-in assets.  

According to the CEO of FMI, Dwight Fraser:

"I want to take this opportunity to thank MarshallMorgan for sourcing a well-qualified and highly capitalized buyer and for how relatively painless and seamless they made this process. We were able to sell the market at our target sales price and on conditions and terms that we found to be fair and equitable to both parties.  I would strongly recommend MarshallMorgan to any franchisee looking to sell their market."

According to the Managing Member of Quality Huts, Matt Ailey, "We truly believe in the potential of the Pizza Hut brand and could not be more excited to expand our footprint into Illinois and Indiana. This is the second acquisition for our growing organization and speaks volumes about our faith in the brand and management team.  We are very excited about this transaction and plan on building on the success achieved by Dwight Fraser's organization.

Huntington Bank financed this transaction.

MarshallMorgan, LLC is a franchise finance consulting firm based out of Dallas, TX that specializes in the restaurant sector.  The principals of MarshallMorgan each have over 20 years of legal and financial experience in the franchise finance business and have completed over $850MM of transactions over the past 20 years.  Prior to starting their own firm in 2000, the principals of the firm worked for Yum Brands in the M&A division that completed the sale of over 2,500 restaurants to franchisees.  The firm is involved with acquisitions, divestitures, capital sourcing, loan workouts/debt restructurings, sale-leaseback financings and partnership buyouts with optimal tax strategies.