VGANF - Plant & Co to acquire 100% of Lettuce Love quick serve restaurants
- Plant & Co. Brands ( OTCQB:VGANF ) and Lettuce Love Café have entered into a binding LOI that sets out the essential terms for the 100% acquisition of Lettuce Love Café.
- Plant & Co will assume financial liabilities estimated to be $0.372M at time of closing for 100% ownership of Lettuce Love.
- Based on 2022 forecasted financials for the current Lettuce Love Café brand, the acquisition cost is an estimated 5.9x multiple of EBITDA.
- The financial performance of current locations, Lettuce Love Cafe is forecasting revenue of $1.3M - $1.4M with a projected adjusted EBITDA of $0.06M.
For further details see:
Plant & Co to acquire 100% of Lettuce Love quick serve restaurants