Acquisitions Anonymous - #1 for business buying, selling and operating

Buying 6 Fazoli’s Franchises in Rural Texas: Would You Do It?


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Would you buy 6 top-performing Italian franchise restaurants spread across rural West Texas?

Sponsors:
This episode is sponsored by Capital Pad – a game-changing platform that connects acquisition entrepreneurs with investors and capital. Whether you're buying or funding a deal, visit https://www.capitalpad.com and tell them Acquanon sent you.

Thanks also to Edler Zain, the CPA firm built for entrepreneurs. From QofEs to full-service CFO support, get the Builders Package at https://www.edlerzain.com – and mention Acquanon!

In this episode of Acquisitions Anonymous, the full panel—Mills, Bill, Michael, and Heather—dives into a listing for six Fazoli’s franchise locations scattered across Abilene, Midland-Odessa, and Lubbock, Texas. With over $13M in revenue and $1.1M in EBITDA, the team breaks down the dynamics of buying a foodservice business in rural America. They explore the challenges of multi-location management in a geographically spread market, the hidden costs of restaurant leases, CapEx requirements, and why existing franchisees might be passing on the deal. From franchising quirks to fast-casual Italian economics, it’s a meaty one—hold the marinara.

  • Breakdown of a $5M asking price on $1.1M EBITDA
  • Franchising dynamics: Why aren’t existing franchisees buying this?
  • Real estate challenges: 6 locations, none of the real estate included
  • CapEx cycles in restaurants and why “no CapEx required” might be misleading
  • Geographic dispersion: Managing 6 locations spread across West Texas
  • Who the ideal buyer is—and why it’s probably not you

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Acquisitions Anonymous - #1 for business buying, selling and operatingBy Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

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