Raymond A. Hause
rhause@mosierco.com

Mr. Hause has twenty years experience in debt restructuring with emphasis on lease re-negotiations, debt relief and asset liquidation. A concentration of experience has been in two areas: (a) theme restaurants and fast food chains that have experienced financial difficulty and an inability to meet their financial obligations and (b) heavy construction equipment. Included in his vast experience in these areas are the following:

In terms of lease re-negotiation, Mr. Hause negotiated out of 120 real estate leases worth $150 million by paying $4 million to lessors in cash or equipment. He has negotiated out of equipment leases, in both the restaurant area and in the heavy construction equipment.

In the category of debt relief, Mr. Hause negotiated the sale of twenty company owned stores as franchisees to produce working capital. He also closed and liquidated 120 unprofitable stores to improve reserves to address the remaining stores that held promise for a brighter financial future.

Mr. Hause worked directly for Pizza Time Theatre in orchestrating a turnaround. He sold franchise, site selection, store development and operations support. He negotiated the purchase of company owned stores, and then flipping these to become franchise locations.

In the trade, Mr. Hause enjoys a nickname, “Dialing-for-Dollars Ray.” He earns this nickname because of his relentless pursuit of a goal, whether selling used equipment or a franchise location, or re-negotiating downward the terms of a lease. He is tenacious and does not understand the concept of surrender.

Mr. Hause has attended University of Cincinnati and Ohio State with four years in the area of Business Management. He manages his own portfolio of real estate.