The Restaurant Boiler Room
The Restaurant Boiler Room
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.
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 to sell their business. This is a very common phone call that we have many times each year, so we hope you find it insightful. Stay tuned for part 2 coming soon!
May 22
43 min
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.
Apr 7
56 min
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 selling 3. Lending, Cap Rates, EBITDA multiples 4. Thoughts on inflation, sales forecasting, and timing a sale 5. Examples of real-time issues affecting M&A transactions
Feb 3
54 min
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."
Dec 16, 2025
45 min
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 in Franchise Restaurants. Rick was supposed to be the moderator of this panel but had to cancel his plans. We will put the panel on the Boiler Room platform in December so you can hear the responses of the franchisees who participated soon!
Nov 24, 2025
52 min
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, days on market 3. 1031 market vs REIT buyers 4. How is financing getting done? 5. Macroeconomic real estate perspectives 6. Sector and geographical pricing analysis
Oct 23, 2025
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 well? - Second-half outlook for rates, leverage, and loan volume
Sep 5, 2025
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 operator of several brands, including Massage Envy, Office Pride, and Sola Salon, among others. He is starting a new organization entitled Fran Faith, whose objective is to bring together business leaders in the franchise space who share faith values. I don’t share my story very often, so I hope you enjoy!
Jun 25, 2025
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 buyers most likely to pay (multiple of EBITDA)? What risks are keeping buyers on the sidelines? Are buyers expanding beyond franchise restaurants into other categories?
Jun 5, 2025
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.
Apr 11, 2025
29 min
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