At what enterprise value was KEKE'S BREAKFAST CAFE acquired in 2022?

You can find the full valuation details of KEKE'S BREAKFAST CAFE on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of KEKE'S BREAKFAST CAFE when it was acquired by DENNY'S?

The estimated EV/EBITDA multiple for KEKE'S BREAKFAST CAFE is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.4x. Join our community for free to access full valuation data and industry trends.

When was KEKE'S BREAKFAST CAFE acquired by DENNY'S?

KEKE'S BREAKFAST CAFE was acquired by DENNY'S in 2022.

What was the EBITDA of KEKE'S BREAKFAST CAFE during the acquisition?

KEKE'S BREAKFAST CAFE's EBITDA is estimated to be in the range of 5M - 25M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the KEKE'S BREAKFAST CAFE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the KEKE'S BREAKFAST CAFE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.sec.gov/Archives/edgar/data/852772/000085277222000053/q12022ex991earningspressre.htm

← DATABASE

Home Database Retail & ConsumerKEKE'S BREAKFAST CAFE

07/2022

KEKE'S BREAKFAST CAFE

Acquired by

DENNY'S

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 50M - 150M USD

KEKE'S BREAKFAST CAFE acquired by DENNY'S

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 50M - 150M USD

Context

Denny's Corporation acquired 100% of the assets of Keke's Breakfast Cafe. The transaction was funded through a combination of cash on hand and borrowings from Denny's existing revolving credit facility. Strategically, the acquisition allows Denny's to enter the fast-growing "A.M. eatery" segment with a proven, higher-price-point brand that complements its core diner business without cannibalizing its existing customer base. Keke's will operate as an independent subsidiary, maintaining its own leadership team, branding, and operational strategies to preserve its unique identity and millennial appeal. Denny's intends to leverage its extensive franchising infrastructure to scale Keke's into a multi-state brand, aiming to become a leading franchisor in the premium breakfast space. This deal highlights a consolidation trend in the restaurant industry where established giants acquire niche, high-growth concepts to capture shifting consumer preferences toward daytime-only dining and premium breakfast experiences.

KEKE'S BREAKFAST CAFE, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

KEKE'S BREAKFAST CAFE USA Consumer Services Hotels, Restaurants & Leisure Restaurants Full-Service Restaurants Keke's Breakfast Cafe is a high-growth "A.M. eatery" concept specializing in handmade breakfast and lunch entrees. Headquartered in Florida, the chain operates a 52-unit network (as of July 2022) consisting of 44 franchised locations and 8 company-owned restaurants. The brand differentiates itself through a premium positioning, with price points approximately 20% higher than traditional family diners like Denny’s, successfully targeting high-income Gen Z and millennial consumers as well as families. Its menu emphasizes fresh ingredients, including fruits and vegetables delivered daily. The company’s value proposition is built on its "daytime cafe" model, which focuses on high-traffic breakfast and lunch windows, allowing for specialized operations and strong margins.

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REFERENCES

Valuation range: EV 50M - 150M USD

EBITDA range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KEKE'S BREAKFAST CAFE by DENNY'S are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).