CNL Provides $22.5 Million in Financing for Ruby Tuesday's Franchise Partners

Strategic Insights -

CNL, a recognized leader in providing net lease financing to the restaurant industry, has announced that it has provided $22.5 million in acquisitions financing for Ruby Tuesday's franchise partners in the Denver and Phoenix markets. This financing was crucial for the franchise partners to support their growth plans, as the competitive nature of the restaurant industry requires individual operators to become more sophisticated in financing their growth. CNL worked closely with Ruby Tuesday's franchise partners to create customized financing programs that meet their individual needs, showcasing the company's expertise in delivering a full range of competitive financing solutions.

Key Takeaways:

  • CNL provided $22.5 million in acquisitions financing for Ruby Tuesday's franchise partners in the Denver and Phoenix markets.
  • The financing was crucial for the franchise partners to support their growth plans in the competitive restaurant industry.
  • CNL worked closely with Ruby Tuesday's franchise partners to create customized financing programs that meet their individual needs.
  • CNL is a recognized leader in providing net lease financing to the restaurant industry, with over $2.4 billion in real estate assets and over 1,300 nationally advertised, chain restaurant properties in 44 states.
  • CNL offers a range of creative financing solutions, including debt and equipment financing, turnkey development services, and venture capital, as well as advisory services for mergers and acquisitions.
  • Ruby Tuesday's currently operates approximately 400 units, with a growth plan that calls for the majority of new units to be free-standing.
  • CNL's expertise in delivering competitive financing solutions is critical for restaurant operators to achieve their long-term growth plans.

Statistics:

  • $22.5 million: The amount of acquisitions financing provided by CNL for Ruby Tuesday's franchise partners.
  • 400 units: The number of units currently operated by Ruby Tuesday's.
  • $2.4 billion: The amount of real estate assets managed by CNL and its affiliates.
  • 1300: The number of nationally advertised, chain restaurant properties owned or financed by CNL and its affiliates.
  • 44: The number of states where CNL and its affiliates have financed or own chain restaurant properties.

Sources:

  • CNL Fund Advisors Inc. press release, May 14, 1998
  • CNL Group Inc. website
  • Ruby Tuesday's Inc. press release, Knoxville
  • Business Wire, Orlando