Paying $2.7m for a chain of 22 outlets, off private equity no less, would make me think this might be a well known brand, but it's barely profitable. Just look at the inferred EBITDA multiples on the $4m investment – you don't get quality on 2.5x EBITDA multiples.
RFG Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
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