Funds new store development
SCOTTSDALE, Ariz.--08 December 2011-- GE Capital, Franchise Finance provided $2.8 million in financing to Four M Capital, LLC, a Buffalo Wild Wings Bar and Grill® franchisee. The funds will be used for two new store openings and to supplement an $8.7 million financing in 2010 which was used for new unit development and refinancing. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
"This marks our third and fourth new restaurant financing with GE Capital in the past two years," says Jim Bitzonis, president and CEO, Four M Capital, LLC. "GE offers an attractive development line of credit along with a flexible structure that suits our growth financing needs."
Four M Capital, based in Valhalla, New York, will own and operate 11 Buffalo Wild Wings units by the end of 2011, spanning across New York and Connecticut.
"Our ability to provide development capital during their rapid growth has established a strong relationship with Four M," said Ab Igram, vice president, GE Capital, Franchise Finance. "We look forward to helping them continue to grow."
Buffalo Wild Wings, Inc., is a growing franchisor of restaurants featuring made-to-order menu items including Buffalo-style chicken wings. There are more than 800 Buffalo Wild Wings locations across 45 states and in two countries.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $12 billion in served assets, we serve over 5,000 customers and over 22,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop growth plans with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com.
Christine Roe
GE Capital Solutions
[email protected]
1-480-563-6260
Yvette Pistorio
Arment Dietrich Inc.
[email protected]
(312)-787-7249