Meridian Restaurants Unlimited, L.C.
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Meridian Restaurants Unlimited, L.C. - overview
Established
2002
Location
South Ogden, UT, US
Primary Industry
Travel & Leisure
About
Meridian Restaurants Unlimited, L. C. is a U. S.
-based company specializing in operating and managing a diverse portfolio of restaurant brands, offering high-quality dining experiences tailored to various customer preferences. Founded in 2002 in South Ogden, US, Meridian Restaurants Unlimited, L. C. focuses on the management of a variety of restaurant concepts.
The company has been involved in two significant deals, with the most recent occurring on March 7, 2023. Rob Ertmann serves as the CEO of the company. Meridian Restaurants Unlimited, L. C.
specializes in the operation and management of a diverse portfolio of restaurant brands. The company primarily focuses on providing high-quality dining experiences across various concepts, which cater to a wide range of customer preferences from casual to family-friendly dining. The core offerings include a mix of proprietary and franchised restaurant formats that deliver a consistent culinary experience, addressing the growing consumer demand for convenient dining options and unique flavors. By serving both local neighborhoods and regional markets in the United States, Meridian effectively meets the needs of diverse clientele, which includes families, young professionals, and community groups.
Their strategic expansion into targeted geographical markets enhances their service delivery and strengthens their presence in the competitive restaurant landscape. Revenue generation for Meridian Restaurants Unlimited, L. C. is primarily derived from direct sales through its restaurant outlets.
The business structure includes both franchised locations and company-owned establishments, building a comprehensive ecosystem for customer engagement. Transactions are typically conducted on a cash or credit basis at the point of sale, with the potential inclusion of loyalty programs and promotions to enhance customer retention. The company positions itself by offering a variety of dining options that appeal to different segments of the market, thereby increasing foot traffic and overall sales volume. While specific pricing plans and individual product costs are not disclosed, the company's revenue model focuses on maximizing customer transactions through an engaging dining experience that encourages repeat patronage.
In March 2023, Meridian Restaurants Unlimited, L. C. filed for Chapter 11 bankruptcy protection. The company's future growth strategy may involve restructuring efforts to stabilize its operations and potentially explore new product offerings and market expansions.
Specific plans for launching new products or entering new geographic regions have not been detailed, nor has there been disclosure on how recent funding will be utilized to support these initiatives.
Current Investors
Polar Star Capital Partners
Primary Industry
Travel & Leisure
Sub Industries
Restaurants & Nightlife
Website
www.meridianrestaurantsunlimited.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Meridian Restaurants Unlimited, L.C. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcy/Write-off | Completed | Meridian Restaurants Unlimited, L.C. | - | ||||||||
| Buyout | Completed | Meridian Restaurants Unlimited, L.C. | - |
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