Looking for ETA or growth partner for my QSR food business
I've bootstrapped / co-owned a breakfast QSR business in NYC for the last 5 years...for 1st 3 years we did only wholesale/catering, but in the last 2 years have opened 2 stores. We see the right patterns in rev growth and recurring customers, and are looking to take the next step - eyeing stores 3-5 this year and next, and think the concept can easily scale to 50+ locations in 5-10 years. We are nearing a large wholesale contract which adds a de-risking factor as well.
I have a PE day job and simply cannot focus on running day to day, or backstopping the next leg of growth. I wanted to survey the community to see if anyone would be interested in chatting about taking on this scaling opportunity - I would prefer to stay on as a minority holder and/or partner, but can discuss exiting if necessary. Very flexible.
The right check size is probably 300-600K growth capital (although flexible), and from there, cash flow should be able to compound store growth. EBITDA / cash flow positive this year, 4-wall margins are >25%, and ROE has beenredacted% due to our efficient buildouts and hub and spoke approach.
Experience in QSR would be a plus but open to any convos with experienced entrepreneurs/operators. Favorite things about our company: our scalable hub+spoke model, our "regular"/recurring cohort, our delicious high quality product, and our solid team of managers+store employees+kitchen workers. Lastly, AI cannot disrupt us, and has only helped efficiencies (a lot)!
If interested in starting a convo, please drop your email below, or email redacted