Case Study : Quick-Casual Restaurant Franchisee obtains growth capital

A highly successful regional restaurant franchisee had 30 restaurants, and moderate debt levels. The company owners wanted to obtain additional financing on the most favorable terms in order to support future growth, possible recapitalizations and general corporate financing needs. The owners believed that their financing need was approximately $20 Million. Kellogg accomplished the following:

1. Evaluated the amount of financing that could be obtained based on current and forecasted cash flows, and current credit market conditions within this specialized market segment.
2. Worked with company management to prepare a detailed set of documents that the banks would need to quickly and accurately evaluate the company.
3. Identified the four best lenders in this market segment, who were all able to commit to a financing that fit the general parameters that the company was looking for. This included the incumbent lender.
4. Once the banks made their proposals to the company, Kellogg negotiated the best available terms for the client. Key deal points included pricing (rate and fees), covenants, borrowing flexibility, term, etc.
5. All of this was accomplished during a very tight credit environment (2009).

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• Jewelry Wholesaler
• Start-Up Construction Equipment Manufacturer

What Our Clients Say

“Dave has now done two tours of duty with Ageless Innovation. When we started the company, we knew we did not yet need a fulltime CFO, but we needed the knowledge and experience of a seasoned finance professional. Dave jumped right in to help us set up our banking relationships, establish our loan with the BDC-RI, set up and populate our systems and most importantly be a strong financial partner for the co-founders. Dave quickly became part of the team and helped steward us through the first couple of years. When the time came to hire a full time CFO, Dave helped with all aspects of the hiring and transition processes making it seamless.

Unfortunately, a year later we were back in the CFO search process and my first call was to Dave. Within hours we were meeting and the next day he was back in the office as our interim CFO helping us with another hiring and transition. Dave jumped back in and we never missed a beat. We still rely on Dave for advice and guidance and he has become a trusted friend to me and to the company.”

- Ted Fischer, CEO & Co-founder
  Ageless Innovation, LLC

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