NRC Announces Sale of 24 Denny’s in Arizona and New York
NRC Realty & Capital Advisors, LLC announced the sale of 24 Denny’s franchised restaurants in Arizona and New York by Top Line Restaurants, Inc. of Chandler, Arizona, and its affiliates to FEAST Foods, LLC of Murrieta, California.
NRC acted as exclusive financial advisor to Top Line in connection with the sale and provided valuation services, assisted in the structure of the sale, identified qualified prospects, and aided in the negotiation of the sale documents.
The sale consisted of seven Denny’s locations in Arizona, six of which are located in the Phoenix area, with one restaurant located in Safford, Arizona. In New…