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acquisitions

Operations

Port of Subs acquired by Area 15 Ventures LLC

 By Lisa Jennings on Apr. 04, 2023

The private-equity firm created by RE/MAX co-founder Dave Liniger has plans to expand the sandwich brand with a regional developer franchise model.

Operations

Pandemic victim Sweet Tomatoes is planning a comeback

 By Lisa Jennings on Mar. 30, 2023

The buffet salad chain has signed a lease to reopen in Tucson, Ariz., in a former location. It remains to be seen how the brand will adapt to the post-pandemic era.

Financing

One of the bankrupt Burger King franchisees is on the verge of a sale

By Jonathan Maze on Mar. 30, 2023

Burger King is among a trio of approved buyers of most of the 90 units owned by Toms King Holdings, which declared bankruptcy in January. A court has yet to approve the deal.

Financing

Let's look at the reported bidders for Subway

By Jonathan Maze on Mar. 30, 2023

The Bottom Line: Inspire Brands owner Roark Capital along with global gas station and restaurant operator EG Group are among the reported potential bidders for the fast-food sandwich chain. Here’s a look at the field.

Financing

Main Squeeze Juice Co. finds the 'perfect blend' with its I Love Juice acquisition

By Jonathan Maze on Mar. 28, 2023

The deal will nearly double the juice chain’s footprint, expanding it into new states as it works to bring its healthy menu to “all the masses.”

Financing

Garnett Station Partners acquires Firebirds Wood Fired Grill

By Jonathan Maze on Mar. 27, 2023

The investment firm has also recapitalized the polished-casual dining chain and plans to accelerate the brand’s development.

None

1000 Degrees buys fellow fast-casual pizza chain My Pie

By Lisa Jennings on Mar. 20, 2023

The new owner plans to make more restaurant acquisitions as it builds a platform of franchise brands.

Technology

ItsaCheckmate acquires digital ordering company Open Tender

By Joe Guszkowski on Mar. 20, 2023

The third-party integration expert wants to help restaurants generate first-party orders, too. They can use Open Tender to build apps and websites.

Financing

Founder's untimely death leaves a Popeyes franchisee in bankruptcy

By Jonathan Maze on Mar. 16, 2023

Premier Cajun Kings, which once operated 30 locations in Alabama, Georgia and Tennessee, struggled amid a difficult operating environment and declared Chapter 11 bankruptcy, seeking a buyer.

Financing

Why the 2021 restaurant buying spree may come back to haunt some operators

By Jonathan Maze on Mar. 16, 2023

The Bottom Line: Franchisees in particular jumped at the chance to scoop up restaurants in 2021, often paying sky-high multiples in the process. And then inflation hit.

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