First Watch Restaurant Group Has Agreed To Acquire 21 Of Its Franchise-owned Restaurants And Corresponding Development Rights In North Carolina For An Aggregate Purchase Price Of $75M On A Cash-free, Debt-free Basis
Portfolio Pulse from Benzinga Newsdesk
First Watch Restaurant Group (FWRG) is set to acquire 21 franchise-owned restaurants along with development rights in North Carolina for $75M, on a cash-free, debt-free basis. This strategic move will bring these locations under direct corporate control, potentially allowing for streamlined operations and increased revenue from these units.
January 08, 2024 | 1:50 pm
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First Watch Restaurant Group's acquisition of 21 franchise-owned restaurants could lead to increased revenue and more streamlined operations for the company.
The acquisition of franchise-owned restaurants is typically seen as a positive move for a company like FWRG, as it can lead to higher revenue and better control over operations. The purchase price of $75M indicates a significant investment, suggesting confidence in the potential of these locations. The deal is also on a cash-free, debt-free basis, which is financially favorable for FWRG.
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