Alpha Real Estate Advisors is pleased to exclusively offer the rare opportunity to acquire a portfolio of 27 Wendy’s Franchise locations (Operating Business Only) across North Carolina and Virginia. The franchise locations are largely concentrated in Central & Southern Virginia with 24 locations and the remaining 3 Locations just across the southern Virginia border in North Carolina. FOR MORE DETAILED INFORMATION REGARDING THE PORTFOLIO, PLEASE CONTACT DEVIN FLEMING.
78607 SQ FT
RARE OPPORTUNITY TO GAIN ACCESS TO DOMINANT, PREMIER QSR FRANCHISE
- Stabilized Portfolio of Operations with a seasoned in-place Management team provides an attractive “plug and play” opportunity ripe for Private Equity Investors interested in penetrating an exclusive franchise brand with a critical mass of stores.
VALUE-ADD PURSUITS & FUTURE GROWTH CATALYSTS
- Return of Dine-In: The vast majority of stores have been limited to drive-thru only, due to the Covid-19 Pandemic, potentially providing future upside to Buyer capturing revenue growth with the return of dine-in customers.
- Wendy’s CEO Todd Penegor stated that [System-wide] Wendy’s restaurants with dining rooms open are getting 10% of their sales through those areas. That’s “a long ways away from where we were pre-COVID at about one-third of our mix being through the dining room,”
- Breakfast: Currently makes up 7% of sales mix and Wendy’s anticipates breakfast to account for 10% by the end of 2022.
- Digital Sales: 8% of Revenue in US -> Driven by growth in delivery and mobile orders
- Q1 2021 US Systemwide Same-Store Sales advanced by 13.5% YOY driven triple D’s -> “Digital, Delivery and Drive-Thru” Performance.