If you are considering raising capital in order to expand your restaurant empire you may have a better opportunity of securing financing if you have a concept worthy of franchising, or if you opt to add a franchise to your group. That was the message broadcast during a recent restaurant executive panel discussion at the National Restaurant Show.
The panel consisted of restaurant executives and private equity firm representatives who discussed their involvement with franchises and restaurateurs.
Steve Romaniello, managing director of Roark Capital Group of Atlanta, is the perfect example of a highly-involved private equity partner. Roark has invested in numerous franchised multi-unit retail concepts including a variety of restaurant brands. Auntie Anne’s, Moe’s Southwest Grill, Wingstop Restaurants, Inc. and McAlister’s Deli, make up a portion of Roark’s portfolio.