Breakfast and Lunch Restaurant Chain

Description:
The Company is a multi-location, full-service restaurant that serves classic breakfast and lunch food. The Company prides itself on serving high-quality food, utilizing local farmers and partnerships whenever possible. The Company operates multiple restaurants and has plans for expansion. The restaurants are a local favorite, with lines often out the door.

Key Aspects:
• Revenue and gross profit grew at compound annual growth rates (CAGRs) of 5.3% and 6.6%, respectively, from 2022 through the trailing twelve months (TTM) ending August 31, 2024
• Gross profit and adjusted EBITDA margins of 65.0% and 9.9%, respectively, in the TTM ending August 31, 2024
• High demand for the Company's services
• Recognized as the best breakfast in the state of the Company's operations by three statewide publications every year since 2015
• High-quality ingredients, often sourced from local farmers and purveyors
• Diverse menu with many options, including gluten-free options

Opportunities:
• Expand geographically throughout the Northeast, US
• Offer alcohol at additional locations to increase revenue and margins
• Open an hour earlier to capitalize on the early-morning crowd who eat breakfast before the restaurants open
• Establish a formal marketing strategy to reach more potential customers
• Create a loyalty program to further encourage repeat business

Headquartered:
• Northeast, US

Current Markets:
• The Company serves customers in the Northeast, US, appealing to families, professionals, and travelers seeking great food in a casual setting

Real Estate:
• The Company operates multiple locations totaling 29,200 sq. ft.
• All of the facilities are leased from unrelated third parties
• A lease for an additional facility commences in 2025

Shareholder Ownership:
• The Company is owned by six shareholders, three of whom are active in the daily operations
• Ownership recognizes that the Company is ready for its next phase of growth; the concept is ripe for an ownership group that is ready to expand
• The three active shareholders are open to remaining with the Company for a predetermined period following a sale to ensure a smooth transition to new ownership