Property Map

Popeye’s Portfolio

2844 Fish Hatchery Rd, Fitchburg, WI
2085 Morse Street, Janesville, WI
  • Property Type: Retail
  • Size: 7,500 Sq. Ft.
  • Date Closed: 03/29/2019

Challenges

• Ownership was looking to sell multiple Popeye’s locations to free up capital for future projects
• The deals were both well above the average price point for the market, which narrowed down the buyer pool
• One of the sites was neighboring Menard’s which has both use and sign restrictions
• One of the locations did not report sales at the time

Solutions

• We were able to leverage our National Database with a focus on buyers that fit this asset profile
• Quantum worked with Menard’s and the buyer to get everyone comfortable with the restrictions
• We were able to get the buyer comfortable with the franchisee and his track record

Results

• Quantum was able to generate multiple offers and ultimately picked the buyer that got us most comfortable
• We found two separate buyers that were able to pay all cash and close quickly
• We closed both these properties within 95% of list price

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