LYNN’S PARADISE CAFÉ HAS BEEN ACQUIRED BY FRESH CAPITAL GROUP
ABOUT THE DEAL:
Lynn’s Paradise Café (also referred to as the “Café” and “Sellers”) has been acquired by Fresh Capital Group (“Buyers”).
Opening its doors in 1991, in Louisville, Kentucky, Lynn’s Paradise Café created a unique setting that has continuously attracted a diverse clientele from around the world. The Café has always made customers feel welcome; presenting new twists on food and drink as well as bringing new life to the dining experience in areas previously not explored. Lynn’s Paradise Café remains a tribute to the owner’s vision and originality, providing food, fun, and community in a visually stimulating, ever-changing environment.
The Fresh Capital Group is a Nashville-based and Southeast-focused full service commercial real estate development and management company with a portfolio value exceeding $350 million. Fresh Capital specializes in restaurant build-to-suit projects and restaurant multi-tenant buildings, but they also have several third-party office buildings, single-tenant properties, and strip centers in their portfolio. Fresh Capital is eager to preserve and improve upon structures that are already valuable to the neighborhood, and alternatively, love to start from scratch and create both an economic and cultural impact.
Lynn Winter, Owner of Lynn’s Paradise Café, said, “When you’ve been in the business as long as I have, you can look at companies in your sector, the restaurant industry, and know if they are solid. It’s not just money or capital, which is pivotal in the restaurant industry, but the other thing that is really more important is they need to have good operators, and this company has both.”
After an unexpected closure of Lynn’s Paradise Café and twelve months on the market with no satisfactory offers from prospective buyers, Allston Advisory Group was approached by the Sellers to serve as their exclusive financial advisors. Allston established a valuation assessment of the closed Café, prepared a thorough confidential memorandum, contacted potential Buyers locally, regionally, and nationally, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide an established, knowledgeable, and well-capitalized new operator.
ABOUT ALLSTON ADVISORY GROUP, LLC:
Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.
For additional information on this deal, please contact one of our advisors.
NEWS SOURCES:
- http://www.wdrb.com/story/31556675/lynns-paradise-cafe-building-and-property-sold-to-restaurant-group
- http://www.courier-journal.com/story/life/food/2016/03/24/lynns-paradise-cafe-sold/82205346/
- http://www.courier-journal.com/story/life/food/2016/03/25/greek-restaurant-owner-bought-lynns-paradise/82248598/
- http://www.wlky.com/news/lynns-paradise-cafe-officially-sold/38672788
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