Arby’s made another purchase on Monday, albeit one a little smaller than its purchase of Buffalo Wild Wings.
The Atlanta-based sandwich chain has acquired 40 restaurants in Pennsylvania, New York and Virginia from a franchisee, Dan Soules and Mark Dunn of Grant Avenue Development.
The deal, a relatively rare one in which a franchisor buys back franchisee-owned units, gives Arby’s more than 1,000 company-owned locations. Arby’s as a system has more than 3,400 locations.
Soules and Dunn have operated the restaurants for more than 30 years, Arby’s President Rob Lynch said in a statement.
Arby’s will operate the restaurants and plans to remodel them “when appropriate.” The new design includes wood tones, subway tiles, white brick, chalkboard graphics and upgraded lighting and landscaping.
Arby’s earlier this year completed its $2.9 billion acquisition of Buffalo Wild Wings, forming the parent company Inspire Brands.