Four veteran restaurant industry executives have combined resources, experience, and expertise to form K3R Capital Partners LLC, a restaurant investment and management consulting firm targeting chain restaurants. K3R Capital Partners aims to make controlling-interest equity investments in restaurant chains at pivotal points in their business lifecycle, including turnarounds, divestitures/spin-offs, financial restructurings, and bankruptcy.
K3R's specific targets include under-performing restaurant chains with annual revenues in excess of $50 million, strong regional concepts that lack breakout capital to expand nationally, and mature restaurant concepts requiring operational, financial, or market repositioning.
In addition to investments and acquisitions, the firm offers a range of management consulting services to help chains improve their profitability and value—from strategic planning, management, operations, and financial management to brand revitalization and marketing.
"Essentially, we seek to invest—either capital or expertise—in concepts that we believe have unmet potential," says K3R Capital Partners CEO Kevin Relyea, a 30-year restaurant industry veteran.
Over the past three decades, K3R's principals have worked in executive, operating, finance, and marketing capacities at more than 30 leading restaurant chains (quick serve, casual, and fast casual; public and private), managing more than 1,000 restaurants and achieving an impressive track record of performance improvements.