Slater’s 50/50 to be acquired by Elite Restaurant Group

December 19, 2016

The founder of the Slater’s 50/50 burger chain has agreed to sell his six restaurants and brand intellectual property to Elite Restaurant Group.

Terms were not disclosed, but Slater’s founder Scott Slater said Friday he plans to step down as president but will remain involved in an advisory capacity as “baron of bacon.” The deal is scheduled to close in February.

Founded about seven years ago, the Orange County, Calif.-based Slater’s 50/50 is known for its indulgent signature 50/50 burger made with half ground beef and half ground bacon, though the menu also includes lighter options.

The chain’s new ownership