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Case Study: Large Restaurant ChainBusiness Plan Review & Assessment, Operational Restructuring & Implementation, Cash Flow Forecasting & ManagementCompany: $750 million restaurant chain owner and new restaurant concept developer (262 units, 1,700 employees)Situation / Tasks Performed: The Company found itself in a cash crisis due to a high focus on rapid growth through new-store openings without a continued emphasis on same-store sales and a high debt load from expensive acquisitions. TRG was hired by the Bank Group to analyze the Company's upcoming liquidity needs and identify mutually beneficial covenants to the forbearance agreement to maximize asset recovery. A store-by-store profitability analysis and comprehensive 26-week cash flow model clearly demonstrated the need for action. Results: TRG's accurate forecast of upcoming cash needs motivated management to radically restructure the business in a timely manner. The Bank Group has been completely paid-in-full. The chain has been rationalized and restructured to a significantly smaller size and continues as a viable operating entity. Nature of Assignment: Primary: Business Plan Review & Assessment Secondary: Operational Restructuring & Implementation Tertiary: Cash Flow Forecasting & Management Industry: Food Service; Retail |
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© Copyright 2007 The Recovery Group, Inc. All rights reserved |
