Categories: Construction, Design & Real EstateSports, Entertainment & TourismSubscriber Only

Carrols adds Burger King restaurants in Indiana, Michigan

The Burger King restaurant at 955 West Genesee St. in Syracuse. Syracuse–based Carrols Restaurant Group, Inc. (NASDAQ: TAST) says it has recently acquired 19 Burger King restaurants in Indiana and Michigan. (ERIC REINHARDT / CNYBJ)

SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) has added to its presence in Indiana and Michigan with the purchase of 19 Burger King restaurants. Syracuse–based Carrols is one of the largest restaurant franchisees in North America. It is the largest Burger King franchisee in the U.S. “These 19 restaurants, which were acquired in […]

Already an Subcriber? Log in

Get Instant Access to This Article

Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.

Learn More and Become a Subscriber

SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) has added to its presence in Indiana and Michigan with the purchase of 19 Burger King restaurants.

Syracuse–based Carrols is one of the largest restaurant franchisees in North America. It is the largest Burger King franchisee in the U.S.

“These 19 restaurants, which were acquired in two separate transactions, constitute our first multi-restaurant acquisitions in more than two years and increase our store count in two large Midwestern states where we already have a significant presence. Importantly, we believe that we can improve upon the average sales volume of these restaurants and increase their margins over time as we integrate them into our existing operations,” Daniel Accordino, the chairman and CEO of Carrols Restaurant Group, said in a release.

Carrols is currently operating 1,029 Burger King restaurants in 23 states, as well as 65 Popeyes restaurants in seven states. Carrols has operated Burger King restaurants since 1976 and Popeyes restaurants since 2019.

Eric Reinhardt