SCOTTSDALE, AZ— ZGrowth Partners (“ZGP”) and Pacific Restaurant Partners (a JV between Due North Holdings and Japan based Hotland Co., Ltd.) have entered into an agreement whereby ZGrowth Partners serves as the franchise sales growth engine for the restaurant brands that Pacific Restaurant Partners will operate and franchise throughout the United States and Canada. Furthermore, ZGrowth Partners’ affiliate, ZGrowth Capital Fund, LP may co-invest in some of these concepts with Pacific Restaurant Partners.
ZGrowth Partners’ (in conjunction with its affiliate ZGrowth Capital Fund) stated mission is to identify proven and emerging franchise companies that have a strong management team combined with attractive unit economics. Furthermore, the Fund will make strategic growth capital investments, enabling “ZGP” to enter into an exclusive sales agreement with each portfolio company to become its exclusive franchise sales team. Together, with each existing management team, ZGrowth Partners will work collaboratively to build a 100 to 200-unit profitable franchise system and position each portfolio company for a successful exit.
C. Javier Parraga, CEO of ZGrowth Partners, explains, “I am truly excited to partner with a group that has the same vision, dedication and talent to build profitable and successful franchise systems. There is no doubt, that with 2 parties of this caliber, we will meet or exceed Pacific Restaurant Partners stated goal. Scott Schubiger, President of ZGrowth Partner adds, “ZGrowth couldn’t have picked a better partner; one that has previous experience in building an extremely successful multi brand franchise company. Even more compelling is that PRP is extremely focused on developing unique and differentiated concepts that are not oversaturated.”
Pacific Restaurant Partners will build, operate and franchise quick service restaurant brands in the mainland United States and Canada. These brands are a combination of Hotland’s concepts tailored for the US, and Pacific Restaurant Partners new brands developed internally and through acquisition. Pacific Restaurant Partners plans to open 1,000 restaurants through organic growth and acquisitions by the end of 2020.
Kevin Blackwell, CEO of Pacific Restaurant Partners, explains, ” We take our development goals very seriously and think that ZGrowth’s experience and commitment is going to help us get there.”
Kevin Blackwell founded Kahala Corp., an international Franchisor of quick service restaurant brands. At the time he sold his interest in Kahala, the company had more than ten brands, including Cold Stone Creamery, Blimpie Subs, TacoTime, Samurai Sam’s and others. Kahala grew to more than 3,000 units operating in 23 countries.
“We’re excited to partner up with a group of people that shares the same drive as us. We believe this is going to be a great fit for both of us long term.” adds Berekk Blackwell, President of Pacific Restaurant Partners.
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About Due North Holdings
Due North Holdings, based in Scottsdale, Arizona, builds, operates and franchises retail brands across multiple industries. With numerous domestic and international brand acquisitions in the future, Due North plans to have 1,000 restaurant locations open by the end of 2020 under the Pacific Restaurant Partners joint venture with Hotland. For more information, visit www.duenorthholdings.com.
About ZGrowth Partners
ZGrowth Partners along with its affiliate ZGrowth Capital Fund, LP, was formed to identify emerging franchise companies that have a strong management team in which to make strategic growth capital investments. The companies intend to compliment this investment by using ZGrowth Partners, to operate the franchise sales division of these various portfolio companies. The intention of the ZGrowth Partners along with its affiliate ZGrowth Capital Fund, LP, is to work collaboratively with its portfolio companies to build each portfolio company to a 100 to 200-unit profitable franchise system in preparation for a liquidation event. For more information, visit www.zgrowth.com
Hotland Co., Ltd. operates quick service restaurants including Cold Stone Creamery and Coffee Bean and Tea Leaf in Japan, and restaurants under the brands of Croissant Taiyaki, Gindaco, Gin’noan and Ogamaya, among others, in Japan, South Korea, China, Taiwan, Thailand, Singapore, and Cambodia. Founded in 1988, Hotland now owns 8 brands in 669 locations in 7 countries. and is headquartered in Tokyo, Japan. For more information, visit www.Hotland.co.jp.