SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital, Franchise Finance recently provided $11.3 million to Ghai Management Services, a Burger King franchisee. The funding was used for the acquisition of six Taco Bell locations in Northern California.
“We have long ties to GE Capital, Franchise Finance,” says Sunny Ghai, owner, Ghai Management Services. “We appreciate the support they provided to expand our portfolio with the Taco Bell brand in our existing markets.”
Ghai Management Services is a Burger King franchisee with 38 locations in Northern California and Southern Oregon. This financing will expand their reach to Taco Bell, as well.
“We were able to leverage our access to brand partners, and facilitate the mutually-beneficial connection between Ghai Management Services and Taco Bell Corporate,” says Allen Johnson, vice president, GE Capital, Franchise Finance.
Taco Bell Corp. is the nation’s leading Mexican-style QSR chain serving more than 35 million consumers each week in approximately 5,600 restaurants in the U.S. Burger King operates more than 12,000 restaurants worldwide. Approximately 90 percent of Burger King restaurants are owned and operated by independent franchisees.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $10 billion in served assets, we serve over 3,000 customers and over 18,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop your own growth plan with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com.