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MarshallMorgan Completes Sale of 46 Unit Pizza Hut Market in Pittsburgh
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MarshallMorgan, LLC served as the exclusive advisor to Aurora Huts, LLC, a franchisee of Pizza Hut, Inc. in its' sale of 46 restaurants in the Pittsburg market to Quality Huts, LLC headquartered in New York. The sale included both the 46 unit business and 4 fee properties. According to the CEO of Aurora Huts, Jerry Buss:
"I have been a part of Pizza Hut either as an executive or a franchisee for over 40 years. I love this brand but it was time for me to pass the torch. However, I was not leaving until I could find someone I felt could take care of my market and who loves the brand as much as I have. I want to take this opportunity to thank MarshallMorgan for sourcing a well-qualified and capitalized buyer, and for how professionally they represented my company throughout this sales process. I appreciated their candor, guidance and how they kept me informed every step of the way. I would highly recommend them to any franchisee looking to sell their market."
According to the Managing Member of Quality Huts, Matt Ailey, "We share similar values as Jerry Buss' organization including providing a high level of service to customers through a great team and increasing customer satisfaction through the utilization of the latest in technology. We truly believe in the potential of the Pizza Hut brand and could not be more excited to expand our footprint both organically and through acquisitions. We are very excited about acquiring this market and plan on taking it to new heights."
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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.
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