Great Burger, the fourth largest fast food chain globally, is considering acquiring Heavenly Donuts. The case explores the potential synergies and profitability impact of this acquisition. Key areas examined include stand-alone value assessment, management team fit, strategic synergies, and financial projections. The analysis covers market growth, store expansion plans, sales targets, and the profitability of selling donuts in Great Burger stores. Candidates are asked to evaluate the acquisition’s viability, quantify potential synergies, and provide a recommendation to Great Burger’s CEO on whether to proceed with the acquisition.