Delight Restaurant Group announced the acquisition of 54 Wendy’s restaurants in the Raleigh, North Carolina, metropolitan area. As part of the transaction, Delight Restaurant Group plans to build several new restaurants in the area and remodel certain acquired restaurants in Wendy’s new Image Activation format. 

The 54 restaurants produce $85-plus million in gross annual revenue and have over 1,500 employees. The acquisition was completed with a subsidiary of NPC International, Inc.

Delight Restaurant Group is a high performing and growth-oriented restaurant franchisee founded by Managing Partners Andrew and Richard Krumholz in 2016. Delight Restaurant Group is one of the Restaurant Finance Monitor’s Top 200 Largest Franchisees in the United States with total revenue of $185-plus million and 111 restaurants across Wendy’s and Taco Bell. The company plans to continue expanding through acquisitions and new unit development. 

Andrew and Richard Krumholz, Managing Partners of Delight Restaurant Group said: “We are excited to grow our Wendy’s business with this highly coveted portfolio. This is a great outcome from a large and complex bankruptcy with multiple parties involved.”