ORLANDO, Fla. – The South Carolina-based diner chain Denny’s has bought Orlando-based chain Keke’s Breakfast Cafe in an $82.5 million deal.
Denny’s introduced the acquisition Tuesday in a information unencumber detailing its first-quarter income.
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In step with the discharge, Keke’s has 52 eating places — 44 franchise places and 8 company-owned eating places.
Keke’s will proceed to perform independently, in step with the discharge, with its personal management, methods, merchandise, advertising and marketing, operations and construction projects.
“Today we announced the anticipated acquisition of Keke’s Breakfast Cafe, which we believe can drive incremental growth that complements the Denny’s brand,” John Miller, CEO of Denny’s, stated in a remark. “Keke’s is a high-growth brand that aligns well with our core competency while providing us with an opportunity to participate in the fast-growing A.M. eatery segment. We intend to utilize the proven capabilities of our franchise-focused business model to develop Keke’s across multiple states with the long-term target of becoming the A.M. eatery franchisor of choice.”
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Keke’s first opened in 2006 and makes a speciality of recent breakfast and lunch entrees, the discharge reads.
Denny’s has 1,649 places with 227 franchise places.
The deal is anticipated to near past due in the second one quarter of 2022.
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