Bankruptcy Opportunity Starboard Group is a Wendy's franchisee that filed for Chapter 11 in late 2023. This indicates potential distribution of debt restructuring needs, renegotiation of supplier terms, and opportunities to offer turnarounds, capital advisory, or franchise financing services.

Expansion Potential Despite bankruptcy, they operate 120+ restaurants across multiple states and brands. There may be opportunities to present growth capital, multi-unit expansion programs, or site acquisition support to accelerate post-restructuring growth.

Franchise Portfolio The portfolio includes Wendy's, McAlister's Deli, Fuzzy's Taco Shop, Cici's Pizza, and Subway. This broad brand mix presents cross-brand collaboration opportunities, co-marketing partnerships, and unified franchising services for multi-brand operators.

Technology Levers Current tech stack includes WordPress, Shopify, OpenTable, and Microsoft 365. There is potential to upsell digital transformation services, loyalty integrations, online ordering optimization, and data analytics to improve guest engagement and unit economics.

Financial Health Signals Revenue range of 10M–25M and recent legal/financial challenges suggest a need for financial advisory, cost optimization, and vendor renegotiation assistance. Targeted solutions around cash flow optimization and restructured vendor agreements could be compelling.