The Emerald Foods, Inc. sold 34 Wendy’s Restaurants in the Houston Texas Market to HAZA Foods LLC.
HAZA Foods LLC. said that it has reached a deal to buy the 34 store Houston market from Emerald Foods Inc. HAZA plans to invest in the current operations and build additional stores.
HAZA Foods LLC., a Houston based 200 plus unit convenience store operator and wholesale fuel distribution company is new to the Wendy’s System. HAZA plans to retain current management to help grow the business thru additional acquisitions and organic growth in the Houston market.
Financial terms were not disclosed.
Emerald Foods, Inc. continues to operate Wendy’s restaurants in Texas and Louisiana. Emerald plans on focusing on their remaining markets and is in the early stages of renovating its existing locations, while also opening new restaurants in their trade areas.
Advanced Restaurant Sales acted as exclusive advisor to Emerald in the valuation of its enterprise and real estate assets, identification of potential acquirors, structuring the transaction, and providing guidance through the closing.
Advanced also assisted HAZA Foods LLC. with financing the acquisition.
Wendy’s Old Fashioned Hamburgers® is the third largest quick-service hamburger restaurant chain in the world, with more than 6,700 restaurants in North America and international markets. Founded by Dave Thomas in 1969, Wendy’s serves the best hamburgers in the business, made with fresh beef hot-off-the-grill and a choice of toppings. We also serve chicken sandwiches, Frescata™ sandwiches, fries, Frostys, soft drinks, and a variety of fresh, healthful foods – garden salads, grilled chicken sandwiches, baked potatoes, and chili.
Advanced Restaurant Sales has been representing franchisees in the following major franchise systems over the last 18 years: Arby’s, Applebee’s, Blockbuster Video, Bojangles’ Famous Chicken ‘n Biscuits, Buffalo Wild Wings, Burger King, Captain Ds, Carl’s Jr., Checkers Drive-In Restaurants, Church’s Chicken, CiCi’s Pizza, Dairy Queen, Denny’s, Domino’s Pizza, Dunkin’ Donuts, Friendly’s Restaurants, Fuddruckers, Golden Corral, Hooters, IHOP, Jack in the Box, Johnny Rockets, Little Caesars, KFC, Krispy Kreme, Krystal, McAlister’s Deli, Moe’s Southwest Grill, Orange Julius, Panera Bread/Saint Louis Bread Company, Papa Johns, Perkins, Pizza Hut, Popeye’s Chicken & Biscuits, Qdoba Mexican Grill, Quizno’s, Rally’s, Schlotzsky’s, Shakey’s, Pizza, Shoney’s. Souper Salad, Steak n Shake, Sonic, Subway, Taco Bell, TGI Fridays, Tony Roma’s Uno Chicago Grill, Village Inn, Waffle House and Wendy’s.
We have worked with franchisees/franchisors in all the aft mentioned franchise systems. Have completed evaluations on all the aft mentioned franchisee systems, and have relationships with all the franchisees and franchisors in the aft mentioned systems.
Because of our unique diversity of restaurant systems we have worked with, Advanced Restaurant Sales can find opportunities that other companies simply cannot. We are always involved in a diverse number of transactions in the Restaurant and Franchise Space. Finally, we have relationships with virtually every Private Equity firm investing in or investigating in the Restaurant Space and are constantly working with our network of buyers, sellers, lenders and workout personal from every major lender to find opportunities for our customers and clients.
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Mergers And Acquisitions for the Restaurant Industry
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