SYRACUSE — Carrols Restaurant Group, Inc. (NASDAQ: TAST) has completed its acquisition of Rockville, Maryland–based Republic Foods Inc., which operates 17 Burger King restaurants in Maryland.
The restaurants are located in the Baltimore and Washington, D.C. markets, Carrols said in a news release.
Carrols is “pleased” to complete this transaction which it obtained through the “exercise of our right of first refusal,” Daniel Accordino, CEO of Carrols, said.
(Sponsored)
Insurance Rates: What is really going on with these premiums and why they seem to be increasing!
This is a question we continuously get asked at CH Insurance. Clients with a good loss history, timely payments, excellent credit, and very good policies and procedures. All across the
Sales Employees are Not Always Exempt from Overtime
Are you sure that your company’s sales staff are properly categorized as exempt from the overtime requirements of the Fair Labor Standards Act (FLSA)? The FLSA regulations make it
“We are excited since this acquisition provides a strategic entry point for us to further expand our presence in the mid-Atlantic region going forward. These restaurants, with average sales volumes of almost $2.0 million, are also significantly higher than our system average and should be highly accretive [to earnings] as we integrate them with our existing operations,” said Accordino.
Syracuse–based Carrols is the largest Burger King franchisee in the U.S. with 804 restaurants as of June 12. It has operated Burger King restaurants since 1976.
