Tag Archive | restaurant franchisee

NPC International, Inc. Announces Agreement to Acquire 56 Wendy’s Units and Access Accordian Term Loan

NPC International, Inc. has entered into an agreement with the Carlisle Corporation and its affiliates to acquire 56 Wendy’s restaurants for $58.2 million, plus amounts for working capital. Included in the transaction are 20 fee owned properties, some of which the company plans to monetize in sale lease back or […]

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Wendy’s Completes System Optimization Initiative

Announces Sale of 104 Company-owned Restaurants in Four U.S. Markets Company Expects to Generate Higher Operating Margin, Stronger Free Cash Flow, and Enhanced Quality of Earnings The Wendy’s Company (NASDAQ: WEN) today announced the completion of its System Optimization initiative, launched in July 2013, with the sale of 104 restaurants […]

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Wendy’s Completes Sale Of 70 Dallas-Fort Worth Restaurants

The Wendy’s Company (NASDAQ: WEN) today announced the sale of 70 restaurants in the Dallas-Ft. Worth metroplex to Texas-based MUY Hamburger Partners, LLC, a Wendy’s franchisee. The transaction is part of the Company’s System Optimization initiative, designed to promote new restaurant growth and reimaging, while generating a more predictable revenue […]

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Wendy’s Sells 30 Austin And 19 Sacramento Restaurants

The Wendy’s Company (NASDAQ: WEN) has sold 30 Austin and 19 Sacramento area restaurants, in separate transactions. With the completion of the transactions today, the Company has now either sold or announced sales agreements for a total of 282 restaurants in 2013 as part of its System Optimization initiative. The […]

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NPC International, Inc. Announces Closing of Acquisition of 54 Wendy’s Restaurants from The Wendy’s Company

NPC International, Inc. announced today that it has completed the acquisition of 53 Wendy’s restaurants for $30.4 million, which includes fees payable to the franchisor in connection with the acquisition plus amounts for working capital. NPC also agreed to acquire one additional restaurant currently under development by Wendy’s, thereby increasing […]

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Wendy’s Sells 23 Oregon And Washington Restaurants To Group W Partners

The Wendy’s Company (NASDAQ: WEN) has sold 23 restaurants in the greater Portland, Oregon area and Southwest Washington to Group W Partners, LLC, led by veteran Wendy’s franchisees Dan O’Brien and Doug Rich. The two also operate Bodan Incorporated, based in Boulder, Colorado, with 18 Wendy’s restaurants in Colorado, Wyoming […]

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The Wendy’s Company Announces Further Progress On System Optimization

The Wendy’s Company (NASDAQ: WEN) announced today further progress on its system optimization initiative and a transition in its operations leadership team. John Peters, Senior Vice President of North America Operations, has formed a partnership with prominent Wendy’s franchisee Rick Holland, and together they have signed an agreement to purchase […]

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Wendy’s Plans Sale of 54 Salt Lake City Restaurants to NPC International

The Wendy’s Company (NASDAQ: WEN) today announced plans to sell 54 restaurants, including one in development, in the Salt Lake City market to a subsidiary of NPC International, Inc., the eighth-largest restaurant operator in the U.S. with more than 1,200 restaurants.  The operator currently has a total of 37 Wendy’s […]

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NPC International, Inc. Announces Closing of Acquisition of 24 Wendy’s Restaurants from the Wendy’s Company

NPC announced today that it has completed the acquisition of 22 Wendy’s restaurants for $9.3 million, plus amounts for working capital and initial franchise fees. NPC also agreed to acquire two additional restaurants currently under development by Wendy’s in exchange for reimbursement of development costs and payment of initial franchise […]

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NPC International Announces Agreement to Acquire 13 Wendy’s Restaurants

NPC International, Inc. announced that its wholly-owned subsidiary, NPC Quality Burgers, Inc., had entered into an Asset Purchase Agreement (APA) with Value Foods Company, LLC to acquire 13 franchised Wendy’s restaurants for $11.0 million, plus amounts for working capital. This acquisition will be funded entirely with available cash reserves. The […]

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NPC International, Inc. Announces Agreement to Join Wendy’s System as a New Franchisee

NPC has entered into an Asset Purchase Agreement (APA) with a subsidiary of The Wendy’s Company (Wendy’s) to acquire 22 Wendy’s restaurants for $9.3 million, plus amounts for working capital and initial franchise fees. NPC also agreed to acquire two additional restaurants currently under development by Wendy’s in exchange for […]

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Pancheros Opens Second Restaurant In Missouri

Pancheros Mexican Grill (www.pancheros.com), a fast casual restaurant known for tasty burritos, is set to open its first location today in Columbia, MO. To celebrate the grand-opening, they will be offering a $1 burrito promotion on April 16thfrom 4p.m. to 6p.m. Providing an unmatched Mexican dining experience, Pancheros is dedicated […]

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Pancheros Mexican Grill Announces Winner of Franchisee of the Year Award

Pancheros, a Mexican restaurant known for serving tasty burritos, has officially announced Kato Patel as its recipient of the Franchisee of the Year Award. Patel, a franchisee of the Mount Laurel, NJ location, was commended for providing superior customer service and continually increasing his store sales on a yearly basis. […]

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Pancheros Mexican Grill Offers Shrimp Scampi Tacos For A Limited Time

Pancheros, a fast casual Mexican restaurant, has officially brought back its shrimp scampi tacos for a limited time available now until March 30, 2013. Reintroduced by popular demand, the dish will be gracing all Pancheros’ establishments for the third consecutive year. The mouthwatering tacos are filled with cilantro and lime […]

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