Bar Louie

barlouielogo

Situation Overview

Company aggressively expanded its footprint over a seven-year span. By 2019, many locations were unprofitable. Locations within shopping malls were especially hard hit, as reduced foot traffic and changing consumer demographics eroded sales volume. Declining EBITDA and free cash flow impaired the Company’s ability to service its debt, and the lack of available funds to reinvest in Capex and marketing created a tailspin of continued declines across the operating footprint.

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