Industry News | November 8, 2004

Ultimate Franchise Systems Buys Juicy Lucy's

Ultimate Franchise Systems has purchased the Juicy Lucy's Hamburger Drive-Thru Restaurants from HDOS Enterprises. The purchase adds eight restaurants to UFSY's franchise family now encompassing 15 distinct brands. Juicy Lucy produced revenue of $3,300,000 last year.

Juicy Lucy's is a double-drive-thru fast food chain with a menu based on hamburgers, and it also serves breakfast.

"While we are obviously excited by the significant revenue that Juicy Lucy's will create," said Christopher Swartz, chief exec of Ultimate Franchise Systems, "there are important operational and development impacts as well. The design footprints of these restaurants are highly adaptable to the large numbers of shopping and strip centers located throughout Florida. USFY has developed a large number of these relationships and now has the brands to capitalize on the opportunity."

Mr. Swartz's reference was to Caffino's, a specialty coffee double-drive thru and Central Park Hamburgers. UFSY recently acquired Central Florida development rights for Caffino. "We expect this franchise expansion strategy will quickly increase the Juicy Lucy's, Central Park Hamburger and Caffino's units around the state."

UFSY's acquisition of Juicy Lucy's is the company's third asset in the fast-food hamburger market segment. UFSY also owns 25 percent of Flamer's Burgers & Chicken and 100 percent of Central Park Hamburgers. Flamer's now has 55 national and international locations. Central Park Hamburgers has 50 locations.

Ultimate Franchise Systems, Inc. currently has investments in approximately 603 franchised restaurants and 40 weight loss clinics in 30 states throughout the United States.

Comments

Really? This is a 'feel good' hype piece. If this place is so wonderful. Then why did you shut down the only Jucy Lucy's left here in South Fort Myers? And don't feed me that hype about restructuring stores because this store is up for rent and if you were going to stay there why would someone be trying to rent it out? And another thing, you took down an Icon here in SW Florida. I will message everyone I know all around the world to boycott anything that has anything to do with your company. What a tragic loss to the fast food industry. Saddened and less then pleased.

First I had to write this twice which only annoys me more then I was when I wrote the first time. I am emailing, phoning and texting everyone I know all over the world to Boycott everything that has to do with this company, and let me tell you why. Not only did you buy out Jucy Lucy, you shut down an Icon here in SW Florida. The only one we had left was in North Fort Myers and blamo you people come along and buy them out and shut them down. I will not buy anything from any company that is associated with this company in any manner. And let me tell you when I tell you I am telling everyone all over the world that I know that is a HUGE amount of people from my Military Career of nearly 30 years. So Christopher Swartz , it may not be huge damage but it will be enough for all of us. An Icon, you should be ashamed of yourselves not bragging about how many companies you have bought out and disrupted daily foods for loyal customers. . .

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