Not one, not two, but SIX restaurant chains are being sold right now. With a lot of market activity occurring around chain restaurants, what better time to take a look at how this will affect the industry than now?
On this episode of the Happy Mouth podcast, restaurateur Philip Camino and chef Nyesha Arrington delve into the recent buying of these chains and what factors likely led to these purchases. They also discuss the impacts this may bring about for the industry.
Listen to Philip and Nyesha discuss the recent buying of chain restaurants:
- Since SweetGreen and Krispy Kreme deals, 6 more deals have been announced.
- June 24th: Lee’s Famous Recipe Chicken is being sold to Artemis Lane Partners.
- June 25th: BBQ Holdings plans to purchase Village Inn and Bakers Square for $13.5 million.
- Fat Brands plans to acquire Global Franchise Group for $442.5 million.
- June 30th: Panera will sell Au Bon Pain to the Ampex Brands Family of Companies.
- July 1st: The largest franchisee of Jack in the Box will buy Taco Cabana for $85 million.
- July 2nd: Logan’s RoadHouse will buy J. Alexander’s and sister concepts for $220 million.
- Causes: Operator fatigue, increased sales, long-time deals, and low interest rates.
Links:
Restaurant Business - Everybody is Buying Chains Right Now
Restaurant Business - Logan’s Roadhouse Parent Agrees to Buy J. Alexander’s for $220M
Restaurant Business - Jack In The Box’s Largest Franchisee Agrees to Buy Taco Cabana for $85M
Restaurant Business - Panera Bread Sella Au Bon Pan to a Yum Brands Franchisee
Restaurant Business - Johnny Rockets Owner Is Buying Global Franchise Group for $442.5M
Restaurant Business - Lee’s Famous Recipe Chicken to be Sold to Artemis Lane Partners
Restaurant Business - Famous Dave’s Parent is Buying Village Inn and Bakers Square
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