Let’s just say we’ve downed a lot of Whoppers®Our business, Cambridge Franchise Holdings, has merged with Carrols Restaurant Group (Nasdaq: TAST) to become the largest fast food franchisee in the United States with over 1,000 restaurants.
Carolina Quality, LLC owner Ray Meeks operated 22 successful Burger Kings in North Carolina, Virginia, Tennessee, Alabama and Mississippi. To further grow his business, Ray needed additional capital to remodel his existing restaurants and build new ones.
Enter Garnett Station. In 2014, we partnered with Ray to grow his business. First, we implemented what we believe to be the most favorable incentive compensation program in the industry. Next, we worked together to identify opportunities to grow the company. We partnered with some of the industry’s best talent to help execute the plan. We merged with Carrols Restaurant Group in early 2019 and are now the largest shareholders of the US’ largest QSR franchisee with over 1,000 restaurants (Matt and Alex serve on the board of Carrols). We are continuing to implement the growth playbook we developed at Cambridge to drive growth at Carrols.
Built Best-in-Class Team to Execute Growth Plan:
Former Burger King Executive
Former CFO of Asentinel/Tangoe and Fiserv
Former Senior Development Executive at Red Robin, O’Charley’s and Auto Zone
Successfully Implemented Results-Driven Growth Plan:• Extreme focus on operations
• Significant same store sales growth
• Improved profitability
• Remodeled restaurants
• Instituted culture of shared ownership and partnership among employees
“We sold our company to Garnett Station after 25 years in the Burger King business. They were a pleasure to work with and took good care of our employees after taking over.”
– Ed and Beth W.
“Those guys are very easy to work with. They are honest and fair. We agreed upon a fair price and they worked with me to get the deal done on my timeline.”
– David Ostrowe
“I feel very good about our transaction with Garnett Station Partners. Our transaction was complicated, but they worked through the issues fairly and openly. And they’ve taken good care of our restaurants after taking ownership.”
– Chad Fletcher
“Ray, Matt and Alex are a great team. I am pleased that Garnett Station Partners is the new operator, as I have witnessed Ray’s commitment to excellence over the years.”
– Joe Mirabile