Seventeen Bojangles’ Franchise Stores: Falfurrias Capital assisted with the identification, strategic assessment, financing, and integration of seventeen franchise locations into company stores.
Bojangles is one of the largest operators and franchisors of chicken quick service restaurants in the United States, with over 500 restaurants located throughout the southeastern United States. Falfurrias Capital acquired Bojangles’ in September of 2007 and grew the business significantly before selling the company to Advent International in August of 2011. Bojangles now trades on the Nasdaq exchange under the ticker symbol BOJA.
Operational Value add
- Assisted with implementing a company store-wide pricing optimization strategy that allowed management to establish prices on a store-by-store basis based on historical sales trends and market demographics of the individual stores
- Identified and helped integrate a technology-enabled people-resource management process that reduced hourly turnover substantially across company-owned stores
- Supported the acquisition of seventeen franchise locations including the sourcing, strategic assessment, execution & financing, and ultimately the integration of those stores