PODCAST · entrepreneurship
The Restaurant Boiler Room
by Rick Ormsby
The Restaurant Boiler Room is a one-stop-shop for multi-million dollar merger and acquisition activity and financial complexities pressuring the franchise restaurant industry. We talk money, deals, valuations and risk – delivered to the front door of franchisees, private equity firms, family offices, large investors and franchisors across the world on an every-otherweek basis. It is unlike any other restaurant or franchise podcast.
Episodes
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Franchise Real Estate 2026: Trends, Markets & Growth
In this webinar, Rick Ormsby is joined by Chris Lomuto from Northmarq to discuss the 2026 real estate market for M&A franchise sales. Topics of discussion will include: 1. Supply and demand of franchise real estate now 2. Cap rate trends, pricing, days on market 3. 1031 market vs REIT buyers 4.…
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The First Call: Valuation, Timing & the Process of Selling Your Business, part 3
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby finishes part 3 of our three-part podcast series that outlines an initial discussion he would have with a theoretical seller so that they understand the valuation and timing of the sale of their business. Part 1 (S8E3)…
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The First Call: Valuation, Timing & the Process of Selling Your Business, part 2
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby will be going through a sample discussion from a theoretical client who calls in to ask about selling their company. We will go through the main questions, a sample first call valuation range, and the timing and process…
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Mid-Year M&A Market Check: Trends, Deals & What's Next
Managing Director of Unbridled Capital Rick Ormsby is joined by Director Derek Ball, Senior Manager Peter Fisher and Associate Raymond Buehner to discuss the mid-year M&A market and what you can expect for the 2nd half of 2026. Topics discussed will include: 1. Considerations when doing a deal in...
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The First Call: Valuation, Timing & the Process of Selling Your Business, part 1
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby will be going through a sample discussion from a theoretical client who calls in to ask about selling their company. We will go through the main questions, a sample first call valuation range, and the timing and process…
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Top 10 Legal Issues Shaping Franchise Ownership & Transactions in 2026
Managing Director of Unbridled Capital, Rick Ormsby, is joined by Brad Cashman & Tim Ring from Monroe Moxness Berg PA (MMB) to discuss legislation changes, deal changes, purchase agreement changes, and preference changes for your clients.
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2026 State of Franchise M&A
Managing Director of Unbridled Capital Rick Ormsby is joined by Derek Ball, Peter Fisher, and Raymond Buehner to discuss the state of franchise M&A in 2026. Topics of discussion will include: 1. Considerations when doing a deal in 2026 2. Commentary on current supply and demand for buying and...
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2025 RFDC Replay: How Leading Investors Assess the Market Opportunity in Franchise Restaurants
In this episode of The Restaurant Boiler Room, we share a panel replay from the 2025 RFDC in Las Vegas. The panel was entitled, "How Leading Investors Assess the Market Opportunity in Franchise Restaurants."
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Rick Answers: How Leading Investors Assess the Market Opportunity in Franchise Restaurants
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby will be sharing his personal thoughts on questions asked during a panel discussion at the Restaurant Finance and Development Conference (RFDC). The panel was entitled How Leading Investors Assess the Market Opportunity…
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2025 Franchise Real Estate Update
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby is joined by Chris Lomuto from Northmarq to discuss the 2025 real estate market for M&A franchise sales. Topics of discussion will include: 1. Supply and demand of franchise real estate now 2. Cap rate trends, pricing,...
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2025 Lender Survey Results
Join Rick Ormsby and Derek Ball from Unbridled Capital alongside Mike Eagen from Synovus Bank as they discuss the following topics: - Macroeconomic outlook for franchise loans right now? - How have terms changed? - How are credit/risk-making decisions right now? - Which brands are performing…
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Fran Faith: Rick on His Faith & Working in the Franchise Banking Business
In this episode of The Restaurant Boiler Room, Rick will share a recent interview about his professional journey through entrepreneurship and franchise banking, as well as the impact of his faith along the way. Todd Recknagel is the moderator, one of the largest franchisees in our country, and...
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Survey Results: Buyers and What They Are Buying Now
Join Rick Ormsby with Derek Ball, Peter Fisher, and Raymond Buehner from the Unbridled Capital team as they discuss the following topics: What is the current profile of buyers for franchise assets for sale? What brands, geographies, sizes, and types of deals are most sought after? What prices are...
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2025 MUFC Recap
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby will be talking about some thoughts from the recent Multi Unit Franchising Conference in Las Vegas and a quick chat about market conditions right now. He also talks about sale-leaseback financing in today’s environment.
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2025 State of Franchise M&A
In this episode of The Restaurant Boiler Room, Managing Director of Unbridled Capital Rick Ormsby is joined by Senior VP Derek Ball, Senior Manager Peter Fisher, and Associate Raymond Buehner to discuss the state of franchise M&A in 2025. Topics of discussion will include: 1. Considerations when...
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2024 RFDC Reflections & Panel Recap
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby shares his thoughts as a panelist at the Restaurant Finance and Development Conference (RFDC) in a panel entitled Accelerating Growth: Strategies for Franchisee Acquisitions. He also shares some general perspectives from...
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2024 Franchise Real Estate Update
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby is joined by Chris Lomuto from Northmarq to discuss the 2024 real estate market for M&A franchise sales. Topics of discussion will include: 1. Supply and demand of franchise real estate now 2. Cap rate trends, pricing,...
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Rick Discusses Life Experiences with College Students
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby shares some perspectives on his career and profession from a speaking engagement with a group of incoming college freshmen in California. He talks about his upbringing and career path while giving them life lessons that...
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2024 Mid-Year M&A Review
In this episode of The Restaurant Boiler Room, Managing Director of Unbridled Capital, Rick Ormsby is joined by Senior VP Derek Ball & Senior Manager Peter Fisher to discuss the state of franchise M&A in 2024. Topics of discussion will include: 1. Considerations when doing a deal in 2024 2....
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Comments on Current Restaurant News, M&A Deal Flow & Recent Transactions, and Sluggish Consumer Spending
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby gives insight into current restaurant news, including M&A deal flow, several high-flying brands, commentary on sluggish consumer spending, and recent transactions.
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2024 Dealmakers Week: Do’s and Don’ts for Franchisees Accepting a Private Equity Investment
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby participates in a panel discussion hosted by Franchise Times. Whether to allow private equity at the franchisee level is a key inflection point in many franchise systems, and franchisors and franchisees alike must…
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2024 Franchise M&A Questions
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby will answer franchise-related questions about M&A market conditions, cap rates, lending markets, and factors influencing a turnaround. It’ll be a good way to get some quick real-time insights.
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The 2024 State of Franchise M&A
Managing Director of Unbridled Capital Rick Ormsby is joined by Senior VP Derek Ball & Senior Manager Peter Fisher to discuss the state of franchise M&A in 2024. Topics of discussion will include: 1. Considerations when doing a deal in 2024 2. Commentary on current supply and demand for buying…
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RFDC 2023 Replay: Navigating an Acquisitions Path for Growth in 2024
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby is a panelist, along with Clay Harmon at Roark Capital Group and Barry Dubin at KBP Brands. The panel was moderated by Nick Cole at MUFG Bank, and it was entitled "Navigating an Acquisitions Path for Growth in 2024" at…
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Navigating the Current M&A Landscape in Franchising: Opportunities and Challenges
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby discusses questions on the state of the M&A market for franchising at this moment, the difficulty of new unit development in this market, a quick discussion on when to invest in a franchise brand, and sharing some...
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Comments on the Fast Act, Zombie PE Funds, & Franchise M&A Deal Flow
In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby talks about Fast Act legislation, Zombie PE funds, selling to an operator vs. a PE fund, recent deal closings, and a comment on upcoming franchise M&A deal flow.
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Your M&A Questions Answered
In this episode of The Restaurant Boiler Room, Managing Director Rick Orsmby answers questions from listeners. Some questions include the answers to: 1. What makes a good franchise? How do I evaluate a brand? 2. How is the timeline changing for closing an M&A transaction? Is it more difficult and...
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The 2023 State of Lending for Franchise Businesses
Join Managing Director Rick Ormsby with special guests Mike Eagen and Nick Cole as they discuss the following topics: - Macroeconomic outlook for franchise loans right now? - How have terms changed? - How are credit/risk-making decisions right now? - Which brands are performing well?…
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2023 Lender Survey M&A Results
Join Managing Director Rick Ormsby of Unbridled Capital as he discusses the recent survey results from 39 lender responses regarding the state of the union on the current environment for franchise M&A lending as of July 2023.
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Legal Considerations when Acquiring a Restaurant Business
Join Managing Director Rick Ormsby of Unbridled Capital with VP Derek Ball and Tom Ice of Gray Ice Higdon Attorneys at Law as they discuss some legal considerations to make when you plan on acquiring a restaurant business. Some topics of discussion will include: 1. Negotiating a Letter of Intent…
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Franchise Times Dealmakers Week 2023 with Rick Ormsby as Guest Speaker
With permission from Franchise Times, we will be playing a recent webinar with myself and others, moderated by the good folks at Franchise Times and the Restaurant Monitor. The webinar's title is: Franchisees Attracting New Investors and How You Can Join the Club. This was a webinar for…
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From Real Estate Investor to a Prominent Taco Bell Franchisee
Managing Director of Unbridled Capital Rick Ormsby is joined by SG Ellison to discuss his rise from being a real estate investor to owning 300+ Taco Bell franchises. Some topics of discussion will include: 1. How SG got into the industry 2. How his team built out a 200+ unit platform on Taco Bell...
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Q1 M&A, AKFCF Highlights, & Dealmaker Award Nod
Managing Director of Unbridled Capital Rick Ormsby discusses the following topics in this episode of The Restaurant Boiler Room: 1. Unbridled wins a dealmaker of the year award 2. New trends of franchisors preferring midsize operators to large PE funds 3. Thoughts from the recent KFC Convention…
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The 2023 State of Franchise M&A
Managing Director of Unbridled Capital Rick Ormsby is joined by VP Derek Ball & Senior Manager Peter Fisher to discuss the state of franchise M&A in 2023. Some topics of discussion will include: 1. Considerations when doing a deal in 2023 2. Commentary on current supply and demand for buying and...
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2022 M&A Wrap-Up
Managing Director Rick Ormsby ends the year with an M&A wrap-up for 2022. He also gives some talking points for over the holidays when friends or family make the comment that they might want to own a franchise. The Restaurant Boiler Room will be back for season 5 in January! We thank you all for...
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M&A Highlights from the Restaurant Finance and Development Conference
Managing Director Rick Ormsby gives an update on the Restaurant Finance and Development Conference he recently returned from in Las Vegas. While at RFDC, Rick was a panelist and discussed the inflationary environment and its impact on valuations. In this episode, he also discusses some of his...
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Building and Operating a 200+ Unit Franchise Business
Rick Ormsby is joined by Adam Diamond & Tom Scott to discuss: -How did Tom and Adam decide on franchise ownership? -What brands do they operate and why? -How do they capitalize their businesses? -What are their growth plans? -What are their views on the future, giving the concerns on inflation…
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M&A and Convention Reflections, Plus The Impact of the FAST Act
I will be doing a walk down memory lane with M&A patterns from the past 20 years as well as give some reactions from discussions with franchisees at several recent restaurant conventions, I’ll talk about recent M&A transactions completed, and I’ll discuss the impact of the new FAST Act…
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Q3 2022 Franchise Real Estate Update
In this episode of The Restaurant Boiler Room, Rick Ormsby is joined by Josh Lewis and Chelsea Mandel to discuss franchise real estate updates for 2022. Some topics of discussion will include: - macroeconomic picture: how has the real estate market for buyers & sellers changed this year? - how…
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M&A Perspectives for Q3 2022
In this episode of The Restaurant Boiler Room, Rick Ormsby discusses some M&A perspectives in the franchise lending environment, as well discussing deal cyclicality in a calendar year and addresses some real estate valuation considerations in a slowing deal market.
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Q2 Lender Outlook for Franchise Businesses
Join Rick Ormsby with special guests Michael Eagen and John Dysart as they discuss the following topics about the lending atmosphere for Q2 of 2022: - Macroeconomic outlook for franchise loans right now? - How have terms changed? - How is credit/risk making decisions right now? - Which brands are...
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Q2 2022 M&A Updates
In this episode of The Restaurant Boiler Room, Rick Ormsby is joined by Derek Ball & Tony Petrunin to discuss Q2 M&A with a 15 question countdown.
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Lifecycle of a Brand's Turnaround Efforts
In this episode of The Restaurant Boiler Room, Managing Director of Unbridled Capital Rick Ormsby discusses the lifecycle of a brand's turnaround efforts - from distressed, to wildly successful, and back to distressed. He also gives an update on valuations as the unpredictable year progresses....
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2021 M&A Deal Reflections and Looking Into 2022
In season 4 episode 3 of The Restaurant Boiler Room, we unveil the details and negotiations from 2 of Unbridled’s landmark deals closed in 2021. Rick also talks about deal challenges we are seeing in the M&A market in 2022. And we will tackle the question – "What to do if your buyer wants to walk...
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Rick’s Interview on Franchise I-Banking at Kennesaw State University
In this episode of The Restaurant Boiler Room, join Managing Director Rick Ormsby as he participates in the Franchise Management Guest Speaker Series at Kennesaw State University in Georgia. Rick is joined by Jordan Krolick, professor of MGMT 4124. Listen as he answers questions about his...
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2022 Franchise M&A Trends
In the first episode of season 4 of The Restaurant Boiler Room, Rick Ormsby, Managing Director of Unbridled Capital discusses his thoughts on franchise M&A trends for 2022. What does he see changing this year? What does he see staying the same? Find out as we delve into our first episode of 2022!
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2021 Franchise M&A Top 10 Questions Countdown
In this episode, Managing Director of Unbridled Capital, Rick Ormsby, will be answering 10 of the most commonly-asked questions from sellers, buyers, and investors who are fueling the surge in M&A activity in the franchise sector. These questions are wide in scope, so they should provide valuable...
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Q4 M&A Update and Recent Convention Highlights
Join Managing Director Rick Ormsby, along with Derek Ball and Tony Petrunin from Unbridled Capital, as they discuss: We answer a series of questions aimed at laying out our 4th Quarter views on the franchise M&A market, due diligence and timing pressures as we approach year end, the lending…
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Taxes, Franchisors, and Diligence
In season 3 episode 10 of The Restaurant Boiler Room, Rick Ormsby discusses this month’s view of the M&A landscape, how franchisees are thinking about tax legislation, observations from recent franchise conventions, tough operating conditions right now in the franchise industry, franchisors...
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How to Buy International Franchises
In this episode of The Restaurant Boiler Room, Rick Ormsby discusses the steps to take to purchase a franchise business internationally.
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ABOUT THIS SHOW
The Restaurant Boiler Room is a one-stop-shop for multi-million dollar merger and acquisition activity and financial complexities pressuring the franchise restaurant industry. We talk money, deals, valuations and risk – delivered to the front door of franchisees, private equity firms, family offices, large investors and franchisors across the world on an every-otherweek basis. It is unlike any other restaurant or franchise podcast.
HOSTED BY
Rick Ormsby
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Frequently Asked Questions
How many episodes does The Restaurant Boiler Room have?
The Restaurant Boiler Room currently has 99 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is The Restaurant Boiler Room about?
The Restaurant Boiler Room is a one-stop-shop for multi-million dollar merger and acquisition activity and financial complexities pressuring the franchise restaurant industry. We talk money, deals, valuations and risk – delivered to the front door of franchisees, private equity firms, family...
How often does The Restaurant Boiler Room release new episodes?
The Restaurant Boiler Room has 99 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to The Restaurant Boiler Room?
You can listen to The Restaurant Boiler Room on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts The Restaurant Boiler Room?
The Restaurant Boiler Room is created and hosted by Rick Ormsby.
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