SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) on Thursday announced it has completed its acquisition of 30 Burger King restaurants in eastern North Carolina for about $20 million in cash.
Carrols, which is headquartered at 968 James St. in Syracuse, announced the acquisition in a news release distributed on Sept. 18.
The deal continues a recent buying spree by the largest Burger King franchisee in the world.
(Sponsored)
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Final Regulations for the Advanced Manufacturing Production Credit
The IRS recently issued final regulations for the Section 45X Advanced Manufacturing Production Credit, clarifying and expanding key provisions from the proposed regulations released in late 2023. These updates are
Carrols has purchased 59 restaurants in 2014 and now operates a total of 611 Burger King restaurants in 13 states, including 164 restaurants in North Carolina.
It has operated Burger King restaurants since 1976.
Contact Reinhardt at ereinhardt@cnybj.com
