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MarshallMorgan Completes Sale of 43 Unit Pizza Hut Market in Maryland
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MarshallMorgan, LLC announces the sale of the 43 unit Pizza Hut Market owned by Pizza Hut of Maryland ("PHM") to Quality Huts. This sale included 17 Pizza Hut fee properties and additional, non-related commercial properties. In its' capacity as an advisor to one of the equity groups that own PHM, MarshallMorgan was instrumental in sourcing the buyer, valuing and setting a premium sales price and contributed input and advice pertaining to the terms of the Asset Purchase Agreement.
Pizza Hut of Maryland has been a franchisee of Pizza Hut for over 47 years. Originally founded by two life-long friends, PHM grew from 3 stores to 43 stores in its five decades of operation. The descendants of these two friends, the Schultze and Graham families, owned and operated this market for over 10 years, upholding the proud tradition established by their founding fathers.
According to one of the attorneys for PHM, Brent Ahalt:
"This sale would not have happened without the efforts of MarshallMorgan in sourcing the ideal buyer who could help resolve the complex equity and financing issues between all the parties. I commend them on their professionalism, work ethic and their creative solutions to the many problems we encountered to get to a satisfactory closing for all the equity partners."
Quality Huts Principal Matt Ailey was the principal representing the buyer who is now a 200 unit Pizza Hut franchisee. "This is now our 4th acquisition in 12 months of a Pizza Hut market. Obviously, we see great things developing for the brand over the next few years and we are very excited about this transaction. MarshallMorgan has been a pleasure to work with on 3 of these acquisitions and we look forward to working with them again soon. Additionally, we look forward to continuing the proud tradition built by the Schultze and Graham families."
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MarshallMorgan, LLC is a franchise finance consulting firm based out of Dallas, TX that specializes in the restaurant sector. The principals of MarshallMorgan each have over 20 years of legal and financial experience in the franchise finance business and have completed over $850MM of transactions over the past 20 years. Prior to starting their own firm in 2000, the principals of the firm worked for Yum Brands in the M&A division that completed the sale of over 2,500 restaurants to franchisees. The firm is involved with acquisitions, divestitures, capital sourcing, loan workouts/debt restructurings, sale-leaseback financings and partnership buyouts with optimal tax strategies.
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