Cheddar’s buys out largest franchisee
Cheddar’s Scratch Kitchen on Thursday said it has acquired 44 locations from its largest franchisee, Greer Companies, turning the Irving, Tex.-based casual-dining chain into a predominantly company-run operation in a single deal.
Terms of the deal were not disclosed. But, as a result of the 44-unit deal, Cheddar’s now operates 139 of the chain’s 164 locations — or about 84 percent, up from less than 60 percent company owned before the deal was complete.
“They’ve been a part of the Cheddar’s family for over 20 years,” CEO Ian Baines told Nation’s Restaurant News. “This opportunity became available to us. It’s