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Deal Arms QK, Largest Denny's 'Zee, with Cash to Grow


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QK Inc., the largest Denny’s franchisee worldwide, is armed with fresh cash after a recapitalization effort.

CEO Doug Koch said the transaction provides QK with “significant growth capital,” although he wouldn’t disclose the amount, and will use it to execute “an aggressive acquisition and new build strategy.”

“Our entire team is excited to partner with our new investors as we embark on an exciting phase of organic and acquisition-driven growth,” Koch said in a statement.

Greene Holcomb Fisher, the investment bank with offices in Minneapolis, Phoenix, Seattle and Atlanta, orchestrated the deal, which brought in Cave Creek Capital, Stewart Capital and Seacoast Capital.

Founded by two entrepreneurs, Koch and Robbie Qualls, with a single location in 1990, QK has grown to 85 restaurants employing 2,500 people across six states, and is the largest franchisee in the Denny’s system. QK, based in Holbrook, Arizona, also owns six Del Taco restaurants. 

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The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
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Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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