Burger King's largest franchisee to purchase 278 Burger King restaurants
Burger King Corp. and Carrols Restaurant Group, Inc. have announced that they have entered into an asset purchase agreement for the purchase by Carrols of 278 BKC company-owned restaurants in the Ohio, Indiana, Kentucky, Pennsylvania, North Carolina, South Carolina and Virginia markets.
According to the information provided, as a part of the transaction, Carrols will lead the Burger King system in its remodeling program by committing to remodel approximately 450 BURGER KING restaurants over the next three and half years to the brand's 20/20 restaurant image.
Carrols Restaurant Group, Inc. is BKC's largest franchisee in the U.S. with 297 BURGER KING restaurants (as of March 23, 2012) and has operated BURGER KING restaurants since 1976. (kbp)
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