Lone Star Restaurant Group, LLC is a San Antonio based partnership that is a franchisee of Rusty Taco. Rusty Taco has 38 locations across 12 states and is owned by Gala Capital. We opened our first location in San Antonio in February of 2022. We are seeking private equity funding to fund our ongoing bankruptcy. We filed for Chapter 11, subchapter 5 bankruptcy in March of this year. We believe that the company, post bankruptcy, will be stronger and self sufficient.
Restaurants across the country have faced extreme difficulties; from supply chain, inflation and generally lower discretionary spending. This funding will allow us to stay current on our obligations. We expect to have a majority of our debts discharged by the court, including a $855K 1st mortgage.
Deal structure is negotiable but prefer to offer the investor a double digit return over a specified holding period. Current P&L's and proformas are available on request.
Ready to Ask For Funding for your company?
Post a Funding Request