Enterprise owned and operated 15 franchise restaurants in three states, including Chili’s, On the Border and Moonshine Grill. Franchisee utilized predatory cash advance lenders to continue cashflow in failing operations. Individual stores were neglected to the point of being unable to keep with brand standards and team members were demoralized. Resolute asserted control, staved off the predatory lenders, and restored stability to operation. Reliable management allowed staff of over 700 employees to thrive and led to improved quality of service.

After operations were successfully managed, Resolute administered the sale of the business enterprise of 11 Chili’s restaurants and related properties for nearly $12.5MM.

Finances were in a state of disorganization. Enterprise was delinquent on payroll and sales taxes. The nature of the family-owned enterprise led to complex and contentious disputes over how to properly run the business. Resolute stepped in and assumed day to day control of all business and staffing operations. Provided critical managerial services, including preparing and analyzing 13-week cash flow operating budget, calculating outstanding trust and sale tax liabilities, and negotiated repayment plans with taxing authorities. Navigated challenging inter-family politics and recapitalized the company for an exit.

Engaged as a Financial Advisor for Secured Creditor in pre bankruptcy and post petition environments. Enterprise had complicated and intertwined structure involving a Franchisor model with 25 nationwide locations as well as 7 corporate owned and operated stores in Southern California. Counsel was provided to assess risk and create a go-forward plan to include operational and financial concerns for unwinding Corporate stores from Franchisor for potential sale.