Small Business Deal Advisors, LLC (“SBDA”), is excited to announce the successful sale of A&W All American Food® Restaurant of St. Charles, MN to an individual investor, Kris Lema.
Founded in 1999, A&W St. Charles, MN, is a quintessential American restaurant serving hamburgers, hot dogs, shakes, and of course, iconic A&W root beer.
Jay Jasperson, the founder of the St. Charles franchise, had the following to say about the transaction, “Thank you, Doug Yntema and the SBDA team. You were supportive and crucial in guiding me to the right buyer and completing the sale. Kris is the perfect buyer to take the reins and grow the business. He will continue to serve our community well with the acquisition. I would recommend Small Business Deal Advisors’ services to any business owner who is considering selling.”
The buyer, Kristopher Lema, added, “I’m thrilled with the purchase of A&W St. Charles. I love the brand, and Jay has built this business for success.”
SBDA advised A&W of St. Charles, MN, on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods. Associate Doug Yntema led the deal.
Doug commented, “I’m delighted with how this transaction went. The pandemic added some uncertainty to the process, but Jay built a strong business, and Kris saw opportunity and potential. With some creative negotiations and overcoming unforeseen obstacles, we all worked together for an excellent outcome for all. “
A&W Restaurants, Inc. is an international chain of fast-food restaurants that dates to 1919. There are currently over 625 A&W locations in the United States and 340 international locations. A&W is an iconic brand that is experiencing a significant renaissance under new franchisee ownership. The A&W brand is owned by a partnership of international and domestic franchisees, including the National A&W Franchisees Association (NAWFA). With their years of experience working on the front lines of their franchises, NAWFA helped restructure the A&W business model in 2011, bringing the brand back in line with its 100-year-old roots.
Terms of the transaction were not disclosed.
Small Business Deal Advisors continue to successfully and confidently market and sell small businesses nationwide.