Perelman: Multi-unit investments must hit 20% store margins and 3-year payback
Matt Perelman · Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499) · Apr 27, 2026 · at 30:17
Matt Perelman describes Garnett Station Partners' strict quantitative quality heuristics when evaluating multi-unit and franchise businesses.
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“If you take multi-unit businesses, of which restaurants would certainly be one of them, they qualify for investment from us. Business has to have at least 20% store level margins. Business has to have new units that pay back in three years or less and has to have the number one average unit volume or sales per box in its category or micro category.”
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