Diligence memo · auto-generated · as of July 3, 2026
Meritage Hospitality Group Inc
Meritage Hospitality Group Inc looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Meritage Hospitality Group Inc operates in Restaurants, based in GRAND RAPIDS.
Sub-sector tags: hospitality.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Meritage Hospitality Group Inc has raised $25M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $11M on 2017-02-07.
Most recent recorded round closed around 2023-05-05.
Valuation (modeled)modeled
Provath models Meritage Hospitality Group Inc at approximately $4.9M (range $2.3M–$14M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.38× the median modeled value of Series A Restaurants companies in 2022–2024 (51 peers) — value vs value, same stage and era. Issuer reports $100M+ revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 19 months.
Last raise 3.2 yr ago; this sector typically re-raises about every 13 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 2.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of Restaurants peers (2292 compared).
Modeled value ranks above 70% of those peers.
Closest niche peers: Hawk Parent LLC, HHC Worldwide, Inc., 7Crew Enterprises, LLC, Drake's Holdings #5, LLC, Nice Day Group, Inc..
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.