The Cypress Group served as exclusive advisor to Fazoli's Restaurants, LLC in the refranchising of a number of Company-owned Fazoli's Restaurants located in 11 states.
UP Properties II, an existing Fazoli's franchisee and affiliate of the Junior Bridgeman Group, acquired all of the refranchised restaurants.
Cypress provided strategic guidance, valuation services, identification of potential buyers, and deal term structuring and negotiation for Fazoli's.
"Dan Collins and the Cypress team were instrumental in the design and execution of a very successful refranchising initiative for Fazoli’s. We began our discussions with Cypress approximately 2 years before finalizing the project. Cypress brought a strategic and collaborative approach to the table and helped us evolve our thinking on the scope of this initiative over time. We received great advice and support through every step of the process leading to a great result for Fazoli’s. We would absolutely use The Cypress Group again and recommend them to others in the restaurant industry with similar needs.” –Carl Howard, President & CEO of Fazoli's Restaurants