October 3, 2023


Taste the Home & Environment

Franchise Group, Inc. Announces the Sale of the Retail Real Estate Portfolio of W.S. Badcock Company

Franchise Group, Inc.

• Sale of Badcock Distribution Centers and Headquarters Predicted to Near In the course of Recent Quarter

• Proceeds from All Authentic Estate Gross sales to Shell out Off Harmony of $175 Million Acquisition Funding

DELAWARE, Ohio, March 31, 2022 (World NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Team,” “FRG” or the “Company”) today announced that it has finished the sale-leaseback of 35 retail W.S. Badcock Company (“Badcock”) locations for gross proceeds of approximately $94 million. The 35 areas are comprised of company and supplier owned destinations.

FRG expects to total the sale-leaseback of Badcock’s distribution facilities and corporate headquarters all through its fiscal next quarter and intends to use income proceeds to repay the remaining $175 million of Badcock acquisition financing.

B. Riley Genuine Estate acted as advisor and Willkie Farr & Gallagher LLP served as lawful counsel to Franchise Team.

About Franchise Team
Franchise Group is an proprietor and operator of franchised and franchisable businesses that constantly looks to expand its portfolio of manufacturers whilst using its functioning and money allocation philosophy to crank out robust dollars stream for its shareholders. Franchise Group’s business lines incorporate Pet Provides In addition, American Freight, The Vitamin Shoppe, Badcock Household Household furniture & extra, Buddy’s Household Furnishings and Sylvan Studying. On a mixed basis, Franchise Group at present operates in excess of 3,000 locations predominantly situated in the U.S. that are both Organization-run or operated pursuant to franchising and vendor agreements.

Ahead-Hunting Statements
This push release includes forward-on the lookout statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. Forward-on the lookout statements contain, with out limitation, projections, predictions, expectations, or beliefs about potential situations or outcomes and are not statements of historic point. These forward-on the lookout statements are centered on a variety of assumptions as of the time they are created, and are inherently subject to regarded and not known hazards, uncertainties and other things that may perhaps induce real results, such as the sale or the price acquired of more Badcock genuine estate, ongoing landlord-tenant interactions or disputes, the volume of financial debt the Corporation will repay, overall performance or achievements to be materially unique from any upcoming effects, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are generally accompanied by text that convey projected potential events or results this sort of as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” “intend,” “will,” “may,” “view,” “opportunity,” “potential,” or words of comparable indicating or other statements relating to viewpoints or judgment of the Organization or its management about upcoming occasions. Whilst the Firm believes that its anticipations with respect to ahead-wanting statements are centered on reasonable assumptions within just the bounds of its current understanding of its organization and operations, there can be no assurance that actual outcomes, effectiveness, or achievements of the Corporation will not differ materially from any projected future benefits, overall performance or achievements expressed or implied by this kind of ahead-searching statements. Precise potential results, effectiveness or achievements might vary materially from historical effects or these predicted relying on a selection of aspects, numerous of which are over and above the manage of the Firm. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Economic Ailment and Final results of Operations” sections of the Company’s Annual Report on Type 10-K for the period of time finished December 25, 2021, and similar sections of the Company’s Quarterly Experiences on Variety 10-Q and other filings, which have been filed with the SEC and are readily available on the SEC’s web-site at www.sec.gov. All of the forward-on the lookout statements manufactured in this press launch are expressly skilled by the cautionary statements contained or referred to herein. The precise final results or developments expected may well not be recognized or, even if substantially realized, they could not have the predicted outcomes to or effects on the Organization or its enterprise or functions. Readers are cautioned not to count on the ahead-searching statements contained in this press release. Ahead-hunting statements converse only as of the day they are designed and the Firm does not undertake any obligation to update, revise or make clear these forward-seeking statements, whether as a end result of new facts, long term situations or normally.

Franchise Team Investor Relations Call:
Andrew F. Kaminsky
EVP & Main Administrative Officer
Franchise Group, Inc.
[email protected]
(914) 939-5161