News
Former Arby's exec purchases Arby's restaurants
April 9, 2006
SAN FRANCISCO — Arby's Restaurant Group Inc. said that Mike Welch, a former executive with the company, has purchased nine Arby's restaurants in Broward County, Fla.
According to a news release, financial terms of the purchase weren't disclosed. Welch joined Arby's in 2000 to oversee company- and franchised-owned restaurants. During his tenure, Welch led the company operations team following the 2002 acquisition of Sybra Inc., the second largest Arby's franchisee at the time with more than 230 restaurants in nine states. He was also instrumental in implementing several operations enhancing programs resulting in increased revenue and traffic growth and improved operational efficiency.
Prior to Arby's, Welch held senior leadership positions with national brands such as Wendy's International and Checkers Drive-In Restaurants Inc. He also led a company that owned Burger King and Domino's Pizza restaurants in Poland.
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