Industry News | July 29, 2013

Wendy’s Aims to Sell 425 Corporate Stores

Email this story Email this story
Printer-friendly versionPrinter-friendly version

Read More About

The Wendy’s Company has made the strategic decision to sell approximately 425 corporate stores in multiple markets. In that regard, Wendy’s has released the following information in a memo to its franchisees:

 

"We are committed to selling about 425 Company-owned restaurants by the end of the second quarter of 2014 to proven operators who are strong financially, well capitalized, and who contractually agree to re-image and develop new restaurants.

 

Wendy’s has engaged The Cypress Group to coordinate and assist with all aspects of the sale of company restaurants detailed above. Formed in 1990, Cypress is a specialized investment banking and advisory firm which focuses exclusively on the restaurant industry. Cypress is highly-regarded for its specific expertise in national franchised concepts and is familiar with the Wendy’s system and its franchisees."

 

As stated in the memo to franchisees, Wendy’s has retained The Cypress Group as the exclusive investment banker to facilitate the sale of the restaurants. Accordingly, Wendy’s has requested all communication regarding this project to be directed to The Cypress Group.

 

The available markets along with their respective store counts are as follows:

Albuquerque

24 Units

Austin

30 Units

Dallas / Ft Worth

72 Units

Hawaii

8 Units

Los Angeles / Palm Springs

32 Units

Phoenix

43 Units

Portland

22 Units

Sacramento

19 Units

Salt Lake City

54 Units

 

 

 

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.