Village Family Capital Makes Significant Investment in Killer Burger
Premier Private Equity Group Invests in PDX’s Homegrown Burger Concept to Support Growth Initiatives
July 12, 2021 // Franchising.com // PORTLAND - Killer Burger, the rock ‘n roll burger concept built in PDX, announced today it has partnered with Portland-based private equity group, Village Family Capital, after receiving an investment from the group.
The deal, which closed in January 2020, has already affected Killer Burger, particularly with its aggressive growth strategy. It has also led to an influx of talent for the burger brand, helping them build a strong Board of Directors and assisting with the onboarding of key players within the company. This only furthers Killer Burger’s commitment to building the best burgers imaginable and creating an environment its fans crave.
“Portland’s a big city, but has a small town feel to it, where everybody seems to know everyone else,” said TJ Southard, CEO and Founder of Killer Burger. “Through a friend, of a friend, I was able to connect with Village Family Capital and, since partnering with them, they’ve had a profound impact on Killer Burger. I look forward to what the future holds as we continue to grow with new partners like Village in our corner.”
Village Family Capital provided additional liquidity and fleshed out Killer Burger’s Board of Directors with three executives with deep experience in growing restaurant and retail brands. The expanded Board is particularly focused on supporting investments in the team and infrastructure to prepare the organization for growth as Killer Burger looks to expand its presence throughout the Pacific Northwest and beyond. With Village Family Capital’s additional support, Killer Burger had a value-add partner during one of the most challenging years for the industry, allowing the team to stay focused on its stores, teams and guest experience. Despite these challenges, Killer Burger experienced positive systemwide same-stores sales comps in 2020, and these comps have accelerated further in the first half of 2021.
“Our goal at Village Family Capital has always been to support and help develop iconic Pacific Northwest brands. Killer Burger is one of the top brands in the region, providing a great product and experience for its customers. Plus, with the strong foundation that the team already has in place for expansion, they checked all the boxes for a brand we want to be a part of,” said Jake Kindrachuk, Partner and Founder of Village Family Capital. “With the resources of the village and Killer Burger’s commitment to being a major player in the burger space, it is clear that the future is bright, and there’s definitely more to come.”
Currently, with 13 locations in Oregon and Washington, plus five more stores slated to open this year, Killer Burger has its eyes set on expanding throughout the Pacific Northwest and beyond over the next five years through strategic franchising efforts.
About Killer Burger
Originating in Portland, Killer Burger has made its mark with its meticulously crafted and award-winning burgers that redefine the true American diner burger to the modern world. Each quality ingredient is layered on top of a perfectly seared patty to make each bite a meticulously engineered burger experience. All of their burger creations from the Classic to the Peanut Butter Pickle Bacon Burger come with fries and bacon…the way it should be.
Founded in September 2010, Killer Burger was the bold undertaking of TJ Southard whose midwestern roots led him to envision a better burger concept that would change the way the world thinks about burgers. He set out to make a burger so good that it becomes the definition of what a burger should be. Killer Burger has received praise from a number of news outlets both national and local since its inception, including being voted “Best Burger” in Vancouver, Washington’s The Columbian and “Portland’s Best Burger” by readers of Willamette Week for 2019 and 2020.
About Village Family Capital
Founded in 2014, Village Family Capital (VFC) supports the region’s best early stage, profit-generating companies by filling an undersupplied gap with growth equity capital and value-add resources. Companies with $500,000 to $5,000,000+ in EBITDA are often undersupplied with the resources that they need to meet the demand, and as a result, they have to wait for organic cash flow to accumulate over time while having to pass up on dynamic growth opportunities in the interim.
Through a collection of local high-net-worth individuals, families, and the state of Oregon via Oregon Growth, Village Family Capital supports companies through financial and human capital, accelerating strategic growth by assisting with operations, developing a robust Board of Directors, as well as a supportive network, while also benefiting the regional economy. With VFC’s involvement, already successful companies now have access to resources that were previously difficult to obtain, which will result in profitable and mission-oriented growth for the benefit of all stakeholders.
SOURCE Killer Burger
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