ExitValue.ai

Home / Benchmarks / Restaurant Qsr

Restaurant QsrM&A Activity

Deal flow, active acquirers, and current market trend - based on 270real disclosed M&A transactions in the restaurant qsr space. Run the calculator below to price your business at current multiples.

270 disclosed deals199 with EBITDAMarket: stable

State of Restaurant QsrM&A in 2026

The restaurant qsr M&A market is tracked across 270 disclosed transactions in the ExitValue.ai database (199 with EBITDA disclosed, 259 with revenue). The current market trend is stable.

Active acquirers include Smithfield Foods, Inc., Roark Capital, TriArtisan Capital Advisors, LLC, RaceTrac, Inc.. Recent named transactions: Nathan's Famous, Inc. (2026); Dave's Hot Chicken (2025); Denny's Corporation (2025).

Premium valuations in restaurant qsr are driven by 10+ year lease with extension options (unlocks sba buyer financing); multi-unit operations with consistent unit-level economics across locations; documented operations + trained kitchen team (concept transfers without the chef).

What compresses valuations: lease under 7 years remaining (collapses sba-financed buyer pool); labor cost above 35% of revenue (structural margin pressure); owner-as-chef concept (chef mike's bistro problem — owner is the experience).

Source: SEC filings, EDGAR 8-K/S-4, and verified press releases. Run the calculator below to see the specific multiples that apply to your business.

Recent named M&A deals in restaurant qsr

Most-recent disclosed transactions. Click any deal for full detail (multiples, financials, source).

Nathan's Famous, Inc.Smithfield Foods, Inc.
2026
Dave's Hot ChickenRoark Capital
2025
Denny's CorporationTriArtisan Capital Advisors, LLC
2025
Potbelly CorporationRaceTrac, Inc.
2025
Heal Lifestyle Inc.Happy Belly Food Group Inc.
2025
AP Company USA Inc.Future Vibes INC
2025

Sourced from SEC filings, EDGAR 8-K/S-4, and verified press releases.

Get an instant valuation for your restaurant qsr

Backed by the same 270 disclosed transactions, adjusted for your specific size and margin.

Get your full valuation analysis

12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.

  • Sellability score with 5-driver breakdown and lift estimates
  • Named comparable M&A transactions in your sub-vertical
  • AI-written analysis grounded in your specific inputs
Run my valuation analysis →

What drives a premium valuation

  • 10+ year lease with extension options (unlocks SBA buyer financing)
  • Multi-unit operations with consistent unit-level economics across locations
  • Documented operations + trained kitchen team (concept transfers without the chef)

What compresses valuation

  • Lease under 7 years remaining (collapses SBA-financed buyer pool)
  • Labor cost above 35% of revenue (structural margin pressure)
  • Owner-as-chef concept (Chef Mike's Bistro problem — owner IS the experience)

Restaurant Qsr valuation: common questions

How is a restaurant qsr business valued?

Restaurant Qsr businesses are valued by benchmarking against comparable completed M&A transactions, then adjusting for the specific business. Owner-operator practices are typically priced on an earnings or seller-discretionary-earnings basis, while businesses at platform scale shift toward institutional earnings-multiple methodology. The ExitValue.ai engine selects the methodology that the comparable deal set actually used and adjusts for margin quality, growth, owner dependency, customer concentration, and recurring-revenue mix.

What drives restaurant qsr valuation?

The biggest value levers in restaurant qsr are recurring or repeat revenue, owner independence (the business runs without the founder), customer diversification (no single client dominates), a credible growth trajectory, and operating-margin quality relative to the vertical. In this space specifically, buyers pay up for 10+ year lease with extension options (unlocks sba buyer financing); multi-unit operations with consistent unit-level economics across locations; documented operations + trained kitchen team (concept transfers without the chef).

How many restaurant qsr M&A deals are tracked?

ExitValue.ai tracks 270 disclosed restaurant qsr M&A transactions, 199 with EBITDA disclosed, 259 with revenue disclosed, sourced from SEC filings, EDGAR 8-K/S-4 documents, and verified press releases and refreshed daily. Current market trend: stable.

Who buys restaurant qsr businesses?

Restaurant Qsr businesses are acquired by strategic acquirers (larger operators in the same space), and private-equity platforms and roll-up consolidators, and unknown. Recent named acquirers include Smithfield Foods, Inc., Roark Capital, TriArtisan Capital Advisors, LLC, RaceTrac, Inc..

What is my restaurant qsr business worth?

Run the ExitValue.ai restaurant qsr calculator to see your business priced against the 270 disclosed restaurant qsr transactions in the database. The engine applies adjustments for margin, growth, owner dependency, customer concentration, and recurring revenue mix to produce a tight range around the most-likely transaction value.