Sold: Bojangles’ acquired by Advent International

by Alicia Kelso — Editor, QSRWeb.com

July 24, 2011

After rumors of a possible sale dating back to February, Bojangles' Restaurants Inc. has officially been sold to Advent International, a global private equity…

New concept matches franchisees to lenders

by Alicia Kelso — Editor, QSRWeb.com

Boefly has attracted many big-name chains as they seek various funding options for growth.

El Pollo Loco completes refinancing effort

July 20, 2011

El Pollo Loco Inc. and its parent company, EPL Intermediate Inc., have completed its previously announced refinancing agreement. The company refinanced its…

Wall Street Investors Demand ROI - Return on Innovation

by Darrel Suderman — President, Food Technical Consulting

Return on Innovation (ROI), and not Return on Investment is the new demand (and expectation) of Wall Street Investors.

Struggling Quiznos hires financial advisers

July 10, 2011

Denver-based Quiznos has brought in a group of financial advisors from the law firm of Paul, Weiss, Rifkind, Wharton & Garrison and investment bank Moelis…

Arby’s sale official; Wendy’s now ‘The Wendy’s Company’

July 4, 2011

Wendy's/Arby's Group Inc. today announced that it has completed the sale of Arby's Restaurant Group Inc. on terms previously announced to a buyer formed by…

NRA: Restaurant industry optimism, sales take a hit in May

June 30, 2011

As a result of softer same-store sales and traffic levels and fading optimism among restaurant operators, the outlook for the restaurant industry softened in…

GE Capital provides credit facility to Subway franchisee

June 29, 2011

GE Capital, Franchise Finance provided a $28.9 million credit facility to Rottinghaus Company Inc., operators of Subway franchises in the Midwest. The facility…

Carl's Jr., Hardee's same-store sales up

June 28, 2011

CKE Restaurants Inc., parent company of Carl's Jr. and Hardee's, announced its first fiscal quarter financial results for the period ended May 23, which…

Sonic’s Q3 yield positive sales

June 22, 2011

Sonic Corp.'s results for its third fiscal quarter ended May 31 include a net loss of $4.7 million, or 8 cents per share, compared to the same period last…

Sold: Arby’s acquired by Roark Capital

June 12, 2011

Wendy's/Arby's Group has announced an agreement to sell the majority of Arby's Restaurant Group Inc. shares to a buyer formed by Roark Capital Group. The…

Sonic sets Q3 results call

June 8, 2011

Sonic Corp. plans to report third-quarter results at the market close on June 22. The company will provide an online simulcast of its earnings release…

21-unit Captain D’s franchisee files for bankruptcy

June 1, 2011

Sonfish LLC, a Captain D's franchisee with 21 units in Tennessee, Arkansas and Mississippi, has filed for Chapter 11 bankruptcy protection.

Soul Foods Group takes over 200-plus Canadian KFC units

June 1, 2011

Yum! Restaurants International, Canada and its KFC brand has announced that Soul Foods Group's affiliate Soul Restaurants Canada Inc. has taken over the…

Yum! franchisee in Canada sells majority of units

May 31, 2011

After grappling with financial issues for months, major Yum! Brands Canadian franchisee Priszm Income Fund has closed 30 of its locations in Ontario and…

NRA’s restaurant industry outlook remains positive

May 30, 2011

Buoyed by positive same-store sales and solid optimism among restaurant operators for continued growth, the outlook for the restaurant industry remained…

Krispy Kreme testing doughnut shakes

May 26, 2011

Krispy Kreme will celebrate National Doughnut Day June 3 by offering its guests one free Krispy Kreme Doughnut at participating retail locations. No purchase…

Rumored: Roark Capital to purchase Corner Bakery, Il Fornaio

by Valerie Killifer — senior editor, NetWorld Alliance

May 24, 2011

Several stories have appeared in national media outlets addressing the possible buyout of Il Fornaio and Corner Bakery Cafe, expected to be completed by June.

Del Taco taps Boefly to assist with bank financing

May 19, 2011

Del Taco has selected BoeFly, an online marketplace connecting lenders with business borrowers, to assist its franchisees in obtaining bank financing.

Sbarro ends bankruptcy process, seeks buyers

May 18, 2011

It looks like New York-based Sbarro Inc. won't be receiving Chapter 11 protection, after all. The company announced that it has consensually terminated its…