What’s the restaurant industry serving up? More deals. In 2004, 119 restaurant transactions were announced — more than double the number of transactions that occurred the previous year.
Consolidation is driving some of the deal activity. Recent transactions of this kind include Bob Evans acquiring Mimi’s Café ; the seafood restaurant company, Landry’s, reeling in Rain Forest Café, Chart House and The Crab House; and Dave & Busters gobbling up Jillians. Others are striving for diversification, growth, and market penetration.
How PricewaterhouseCooperscan help you
Is a transaction in your company’s future? If so, consider the excellent service provided by PricewaterhouseCoopers Food & Beverage specialists. Items on our menu include due diligence investigations, strategic and market assessments, and industry trends analysis. To support post-acquisition success, our specialists can also prepare 100-day action plans that prioritize operational areas requiring management attention for purposes of improving brand equity and financial results.
