Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$1,500,000 - $2,250,000|
|Average NOI||$70,000 - $120,000|
|Lease Term||20 Years|
|Escalations||10% Every 5 Years|
Once upon a time in 1969, Captain D’s was first known as Mr. D’s Seafood and Hamburgers. The very first location opened in Donelson, TN that year. With the success of their popular hand-battered fish and chips, they opened up fifteen stores in 4 years and never looked back.
During the eighties and nineties, the Southeast United States began to experience new franchise opportunities. With a considerable amount of locations spread throughout, Captain D’s was primed for success. At that time, they totaled 513 quick service locations across twenty one states. Out of that number, franchisees had owned approximately half.
With a newly concerted effort to work with franchisees, Captain D’s underwent a fresh influx of franchise growth while riding the waves of their own success into the present day. The success being self-evident given that in the past 2 years, average sales revenues broke $1.4 million.
In 2016, the Q2 report marked Captain D’s nineteenth straight quarter of consistent sales growth. They are now looking forward with plans to expand, being on track to open 5 more locations in the region of Savannah, GA, 3 more restaurants in Dallas, TX, and yet another to be built in Hopewell, VA.
With delicious menus that are cooked-to-order, Captain D’s entrees continue to include freshly grilled foods like surf n’ turf, hush puppies, shrimp, Southern flavored sweet teas and tasty desserts. Today, they remain the top franchisor for seafood as found QSR magazine’s top fifty best restaurants.
|Number of Locations||551|
|Key Principal||Phil Greifeld|