SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) announced it has recently acquired 19 Burger King restaurants in Indiana and Michigan.
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.