News
Nathan's Famous sells Miami Subs
June 7, 2007
WESTBURY, N.Y. — Nathan's Famous Inc. has announced the sale of its subsidiary, Miami Subs Corporation to Miami Subs Capital Partners I Inc., an investment entity led by Bruce Galloway and Gary Herman.
The purchase price was $3,250,000, consisting of $850,000 in cash and the buyer's secured promissory note in the amount of $2,400,000 payable over a four-year term.
Following the sale of Miami Subs, Nathan's restaurant system consisted of 291 franchised or licensed units and six company-owned units featuring the Nathan's and Kenny Rogers Roasters brands.
Related Media
Subscribe
Get the latest news and resources from QSR Web.
