case studies

Quincy's - Surplus Solutions aides a failing chain

ASSIGNMENT: Upon the sale of the Quincy's Restaurants regional buffet chain, management directed the closure of 63 operating facilities; 90% were fee owned, 10% were leased. Converting these assets to cash was critical to the ongoing viability of the company. All units were large (7500 sf), old (20 yrs) with significant deferred maintenance issues and dated decor.

RESULTS: Surplus Solutions sold 54 of 57 fee owned properties within one year of assignment. Average sale prices were in excess of 85% of the asking price. In addition, Surplus Solutions subleased 3 units and successfully terminated 2 leases.

YUM! Brands - Surplus Solutions provides ongoing role of profit center

ASSIGNMENT: Since 1994, Surplus Solutions has been YUM! Brands surplus properties disposition vendor of choice, providing our client with a steady stream of income through the sale of excess properties, while stemming long term liabilities through diligent lease termination efforts and aggressive subleasing.

RESULTS: All tolled, we have generated over $125 Million in fee property sales, while producing savings of over $15 Million for Pizza Hut, Taco Bell, KFC, Long John Silver's & A&W Root Beer.

Rubio's - Surplus Solutions provides outsourced expertise on a project basis

ASSIGNMENT: In an effort to reinvent itself as a leading edge restaurant concept, ten underperforming facilities ceased operations across a four state territory. Surplus Solutions was tapped for their expertise in geographically diverse disposition projects and their experience in managing challenging Landlord scenarios.

RESULTS: Surplus Solutions subleased five units in excess of 90% of the asking price, while terminating the remaining four leases. Sublease revenue generated exceeded $1.75 Million, while net lease termination savings after expenses exceeded $1.25 Million.