文档介绍:Client Goal: Should Great Burger acquire Heavenly Donuts as part of its growth strategy?
ﻫOur client is Great Burger (r? Would they enhance or detract from each other if marketed side by side?
How much overlap of customer base? (very little overlap might cause concern that brands are not compatible, too much might imply little room to expand sales by cross-marketing)
Synergies (Hint: do not dive deep on this, as it will be covered later)
Management team/cultural fit
Capabilities/skills of top, middle management
Cultural fit, if very different, what percent of key management would likely be able to adjust
Ability to execute merger/combine companies
GB experience with mergers in past/experience in integrating companies
Franchise structure differences. Detail “dive” into franchising structures。 Would these different structures affect the deal? Can we manage two different franchising structures at the same time?
The team started thinking about potential synergies that could be achieved by acquiring HD. Here are some key facts on GB and HD. ﻫ
Exhibit 1
Stores
GB
HD
Total
5,000
1,020
North America
3,500
1000
Europe 
1,000
20
Asia
400
 0
Other
100
0
Annual growth in stores
10%
15%
Financials
GB
HD
Total store sales
$5,500m
$700m
Parent company revenue
$1,900m
$200m
Key expenses (% sales)
Cost of sales
51%
40%
Re