Triton Pacific Capital Partners announced today that its portfolio company, Tasty Chick’n, LLC , has completed the acquisition of a two-unit KFC operator in Colbert County, Alabama, which is located in the state’s northwest corner and is part of the Florence-Muscle Shoals MSA. Each restaurant cost less than $300,000 to buy.
Tasty Chick’n, which already owns and operates five KFC restaurants in Alabama, sees the acquisition as a strategic add-on investment. Both stores have long-term franchise agreements in place and no immediate capital expenditure requirements, as well as strong expansion potential, as both have previously demonstrated several consecutive periods of positive same-store sales and traffic growth.
Tasty Restaurant Group, a subsidiary of Triton Pacific, manages a portfolio of nearly 400 quick service restaurants. Major brands such as Pizza Hut, Burger King, Dunkin’ Donuts, Baskin-Robbins, KFC, and Taco Bell have operations in 22 states.
Tasty Restaurant Group Information.Tasty Restaurant Group, LLC is a vertically integrated quick service restaurant operator with extensive leadership experience and expertise in the operation, development, and exit of restaurant investments. Triton Pacific manages its portfolio companies through this company.
Its management team has over 20 years of experience and has managed over 50,000 franchisee/franchisor locations.Triton Pacific, founded in 2001, is a private equity firm that provides income and growth investment programs to institutional and high net worth clients.
The firm focuses on investing in established small and mid-sized companies in a variety of industries with strong fundamentals, such as quick service restaurants.
