Guernsey Holdings, LLC, a holding company that owns and operates a diversified portfolio of consumer-facing franchised businesses, announced the acquisition of 20 Zaxby’s restaurants located throughout South Carolina. National Franchise Sales, Inc., the preeminent M&A firm for franchise restaurant resales in the U.S., represented Performance Management Group (“PMG”) on its sale of the restaurants.
Guernsey partnered with existing management, Candice Anderson and Chad Ham, to acquire the restaurants from licensees Jim and Britt Poston, who started the business 27 years ago. “We are excited to partner with the talented PMG management team and an exceptional group of employees,” says Mike James, Founder & CEO of Guernsey Holdings. “We have particular expertise in building multi-unit franchised restaurant platforms and then driving growth. We look forward to leveraging that experience to continue Zaxby’s success.”
“Guernsey has a proven track record of helping companies build long-term value,” says Candice Anderson, VP of Administration. “In recent years, we have made meaningful progress that has resulted in above average same-store sales growth. With Guernsey as our partner, we look forward to accelerating this trend.”
Zaxby’s is one of the largest quick service restaurant brands specializing in chicken in the U.S. with over $2.4 billion in system-wide sales and 922 restaurants. Established more than 30 years ago, Zaxby’s specializes in flavorful sauces, chicken wings, chicken fingers, sandwiches, and salads. The Zaxby’s concept is based on a focused menu selection, value pricing, and an emphasis on drive-thru business.
