First Watch Announces Acquisition Of Five Franchise Restaurants In The Milwaukee Area; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
First Watch Restaurant Group, Inc. (NASDAQ:FWRG) has acquired all five of its previously franchise-owned restaurants and corresponding development rights in Milwaukee, Wisconsin. The acquisition was funded with cash on hand.
June 27, 2023 | 8:09 pm
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POSITIVE IMPACT
First Watch's acquisition of five franchise restaurants in Milwaukee could potentially boost its revenues and profitability.
The acquisition of these restaurants, which perform similarly to First Watch's company-owned units, could potentially increase the company's revenues and profitability. The fact that the acquisition was funded with cash on hand suggests that the company is in a strong financial position.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100