$2.1M EBITDA Follow-On Investment for Franchisor of Lounge Concept in Atlanta

I acquired the franchisor of a growing lounge concept in Feb 2025 through the ETA model. When we acquired the concept, we were not able to acquire any corporate-owned units, unfortunately...only franchisees. As we have now had a chance to dive deeper into the brand, we realize that our unit-level economics and ROI are so good that we now wish to develop corporate units and are seeking $2.25MM in order to develop 10 units over the next###-###-#### months. For context on my background, I financed franchised restaurants for 5 years at GE Capital, working in 30 different franchise concepts across the US. I then became a student of profitable operations by running 120+ Denny's throughout the pandemic and recovery. I have best-in-class systems for managing costs and leading teams in the restaurant/lounge space and an incredible team to help me do it. We are about 50% subscribed and looking to round out the investment. Note: The sales/EBITDA stated are our projected results at the end of 3 years.