Experience with Restaurant/Hospitality Deals

All, I’m currently exploring a potential succession opportunity in the restaurant/hospitality space (mid-sized, profitable, with stable cash flows), and I’d love to hear if you or anyone in your network has experience with similar deals. In particular, I’m curious about: • What valuation approaches were applied (e.g., EBIT multiples, asset-based, etc.) • Any key red flags or deal-specific learnings (e.g., dependency on key staff, lease terms, licensing issues) • How you assessed sustainability and scalability in this sector Would be grateful for any insights or if you could point me to someone with relevant experience. Happy to reciprocate where helpful.