Target Information
Noble Roman's, Inc. is a franchisor based in Indiana, specializing in a dual concept approach that includes non-traditional restaurant locations situated within convenience stores, entertainment venues, and hospitals, as well as conventional fast-casual dining establishments. With a focus on innovative dining solutions in diverse settings, the Company has established a strong presence in the food service industry.
In recent years, Noble Roman's has been actively pursuing growth opportunities, which involve expanding their footprint through new company-owned restaurants and enhancing their franchising efforts. This strategic direction necessitated a partnership with a capital provider capable of offering flexible, value-added financial solutions.
Industry Overview
The food service industry in the United States, particularly in Indiana, has demonstrated resilience and adaptability, with increased demand for both traditional and non-traditional dining options. The convenience store sector has emerged as a significant player in this landscape, where consumers are more inclined to seek quick and accessible meal solutions.
Moreover, entertainment venues and hospitality facilities continue to evolve, seeking to enhance their offerings through diverse food service options. As consumer preferences lean toward more convenient and quality dining experiences, the market for fast-casual concepts has shown considerable growth, particularly among younger demographics and working professionals.
The growth of health-conscious consumption and the popularity of experiential dining also play pivotal roles in shaping the industry's future. Operators like Noble Roman's, who can blend these trends with traditionally successful frameworks, are positioned well to capture market share.
In this dynamic environment, investment in innovative food service concepts is crucial for sustaining growth. As industry players continue to adapt to shifting consumer behaviors, partnerships that provide the necessary capital to innovate and expand will prove valuable.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Rationale Behind the Deal
The structured investment made by Corbel Capital Partners into Noble Roman's, Inc. serves as a strategic move for both parties. With restrictions on liquidity and the pressure of impending debt maturities, Noble Roman's required a capital partner that could not only offer refinancing solutions but also support ongoing growth initiatives.
Corbel's tailored capital solution aims to address the Company's immediate financial obligations while also providing the necessary resources for expansion. This alignment of needs emphasizes the potential for a mutually beneficial partnership as Noble Roman's embarks on the next stage of its growth journey.
Investor Information
Corbel Capital Partners is a well-regarded investment firm known for providing flexible capital to growing companies. With a focus on delivering structured investment solutions, Corbel recognizes the importance of partnering with companies that exhibit strong potential for growth and innovation.
With a strategic approach to investments, Corbel seeks to empower its portfolio companies to enhance operational efficiencies and achieve sustainable growth. Their involvement with Noble Roman's reflects a commitment to supporting innovative concepts within the food service industry.
View of Dealert
The structured investment by Corbel Capital Partners in Noble Roman's, Inc. is viewed as a prudent investment decision given the current trends and growth potential in the food service industry. Noble Roman's unique positioning within both traditional and non-traditional dining sectors enables it to leverage multiple revenue streams, which could increase its resilience in fluctuating market conditions.
Furthermore, the strategic partnership with Corbel offers Noble Roman's not only the capital needed for immediate expansion but also the operational support crucial for optimizing efficiencies. As the company targets new locations and enhances its franchising efforts, the potential for increased market share is substantial.
Additionally, the ongoing consumer shift towards healthier, convenient dining options aligns well with Noble Roman's offerings. This positions the Company favorably in an evolving market that increasingly favors fast-casual dining solutions. Therefore, Corbel's investment could yield significant returns if Noble Roman's successfully capitalizes on these opportunities.
Overall, this deal holds promise for both Corbel Capital Partners and Noble Roman's, as it lays the groundwork for future growth and success in a demanding yet rewarding market segment.
Similar Deals
Cyprium Investment Partners → Caro Nut Company
2023
Bochi Investments, LLC → Willamette Valley Meat Company
2023
Palladium Capital Advisors, LLC → Be Active Holdings, Inc.
2015
Antares Capital Corporation → Nueva Cocina Foods, Inc.
2007
Providence Investment Partners → Quality Brand Group
Grupo Hotusa → St. Gregory Hotel, Boxer Hotel Boston
2025
Kingswood Capital Management → Identity Theft Guard Solutions, Inc.
2025
CREO Capital Partners → Bova Fresh
2025
Corbel Capital Partners
invested in
Noble Roman's, Inc.
in 2020
in a Venture Debt deal