Acting as the exclusive sell-side advisor for Sirloin Stockade of Kansas, Inc., we identified a group of prospective strategic and financial buyers across the country, eventually negotiating the sale to Kelly Investment Group of San Diego, California. The sale allowed Gale Premer, the CEO and majority owner, to retire from the restaurant industry after 40 years in the business.
Sirloin Stockade of Kansas, Inc. was the franchisee of 16 Sirloin Stockade, Montana Mike’s, and Coyote Canyon restaurants. The business’ owner Gale Premer became a franchisee in 1975 and served as chairman and CEO of Stockade Companies, the franchisor of the three restaurant concepts.
As a buyer, it was a pleasure working with everyone on the Aethlon team. What stands out most from the experience is that although the relationship between a buyer and the sellers' advisor can sometimes become adversarial, in this case it was instead very cordial and cooperative, ensuring a positive outcome for all parties involved. The result was a real win-win.