Meritage Hospitality Group Adds More Wendy's Locations
Company Added
Company Removed
Apply to Request List

Meritage Hospitality Group Adds More Wendy's Locations

Meritage Hospitality Group Adds More Wendy's Locations

Just last May, Meritage Hospitality Group, a Michigan-based multi-unit franchisee company, was operating 177 Wendy's restaurants when it announced the acquisition of 57 more locations. Now, the organization is finishing 2017 with a bang by announcing the acquisition of another 57 Wendy's locations.

The latest deal includes the purchase of two Wendy's restaurants in Virginia and three other purchase agreements to acquire 55 restaurants in the Midwest. The deal should be completed during the first quarter of 2018 and the additional 57 restaurants are expected to add more than $100 million in annual sales to the company's financial statement.

"The consummation of these transactions is consistent with our stated growth plans and investment strategy of 'profitable growth' within the Wendy's franchise system," said Chief Executive Officer Robert Schermer, Jr. "Upon closing we intend to immediately integrate each of these Wendy's restaurants into our unique web-based operating and accounting platform, followed by an extensive remodeling program designed to modernize the Wendy's restaurants and enhance the overall guest experience."

Meritage Hospitality Group has grown to more than 250 restaurant locations during the past year, all part of the company's plan to reach 400 units by 2021.

Published: December 13th, 2017

Share this Feature

Del Taco
SPONSORED CONTENT
Del Taco
SPONSORED CONTENT
Del Taco
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
RetroFitness
SPONSORED CONTENT

FRANCHISE TOPICS

Dunkin'
SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
APR 14-17TH, 2020

Signage has never been more important. Right now, businesses are looking for new and better ways to compete.
Cash Required:
$80,000
Request Info
Dunkin' Is Now Expanding! Find out about our franchise investment opportunities.
Cash Required:
$250,000

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2020.
All Rights Reserved.