This post is part of the On the Margin blog.
The restaurant industry is a difficult one. The country is saturated with restaurants. Consumers are fickle. It cost a lot of money to build units, which often results in heavy indebtedness and questionable financial deals.
Add to this the pressure on company executives to expand, and you have a recipe for disaster when it comes to acquisitions.
The past 15 years have seen a lot of very ba