Today's News

Taco Bueno photo by JD Hancock
Mergers & Acquisitions

Last Tuesday Dallas-based Taco Bueno Restaurants LP announced that it filed a voluntary petition for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the Northern District of Texas. The franchising firm plans to reorganize and emerge from insolvency under a prepackaged plan where multi-concept franchisee Sun Holdings will take over.

Blue MauMau Photo Motel 6
Legal

Motel 6 has agreed to pay $7.6 million to settle a class-action lawsuit that alleged the national hotel chain supplied immigration agents with personal data of guests who had Latino-sounding names, with some cases resulting in arrests and deportations.

Foodservice

Restaurant delivery sales grew by 20 percent over the last five years, says a major research group. This delivery boom has sparked a boomlet in portion-control salad dressing.

Tilted Kilt coming soon photo
Mergers & Acquisitions

ARC Group, Inc. (OTC:ARCK) announced on Tuesday that it will acquire the troubled Tilted Kilt Pub and Eatery from SDA Holdings, LLC for $10. However, ARC will assume Tilted Kilt’s debt of $1.8 million and future liabilities of $1.5 million. It will also issue 1.4 million in stock. For its obligations, ARC acquires a brand of 42 restaurants from California to New York that last year generated revenues of almost $14 million.

Clippings

A good quote is food for thought. Here are 50 for the small business owner to digest.

Aloha Petroleum Ltd., the master Dunkin' franchisee for Hawaii, was named by Dunkin' Brands Group Inc. as the 2017 Dunkin' Developer of the year at the Dunkin' Brands Global Convention in Las Vegas.

The Jack in the Box National Franchisee Association is asking for a seat on the francisor's board of directors. Meanwhile the board continues to give the association the cold shoulder, despite the fact that the members own approximately 89 percent of the brand's restaurants.

Four private equity firms and a hedge fund have been named as strong buyout contenders for Papa John’s.

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