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Published on 11/20/2018 in the Prospect News Distressed Debt Daily.

RMH Franchise records $1.58 million in EBITDA for Oct. 1 to Oct. 28

By Caroline Salls

Pittsburgh, Nov. 20 – RMH Franchise Holdings, Inc. reported $1.58 million of EBITDA for the period of Oct. 1 to Oct. 28 on $25.91 million in net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, RMH posted $481,113 of EBITDA for the period of Aug. 27 to Sept. 30 on net sales of $29.34 million.

The company had $14.32 million in cash and cash equivalents as of Oct. 28, up from $12.25 million at the end of September.

RMH is an Atlanta-based Applebee’s franchisee. The company filed for bankruptcy on May 8 under Chapter 11 case number 18-11092.


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