John Porter
Ashland, MA (USA)
Role(s):
Founder/Owner/Principal
Porter Hospitality Solutions
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Startup
Location:
Ashland
Industry:
Food Service/Restaurant
Year Founded:
2007
Number Employees:
1-10 people
Description:
Porter Hospitality Solutions (Porter) is a Massachusetts based company located in Ashland Massachusetts. Porter’s primary focus is on the acquisition of existing food service operations that demonstrate an opportunity to improve revenues and cost controls in order to improve profitability and cash flow. When these opportunities present themselves, Porter will aggressively move to acquire these operations at a price reflective of the existing level of operations, based on current cash flows or assets based valuations, and within one year demonstrate an improved operation increasing the value of the operation. Porter intends to develop a portfolio of 3-5 multiple concept restaurants. Goal is to have revenues between 10 – 15 million dollars within 5 years with a positive cash flow of 1-2 million dollars