UFood Restaurant Group, Inc. Announces Termination of Franchise Agreement with FL Operator
UFood Restaurant Group, Inc. (OTCBB: UFFC), a franchisor and operator of fast-casual restaurants and nutritional product retail stores, today announced the termination of a 2005 franchise agreement with a franchisee operator in Florida. Because the franchisee missed his opening timeline, UFood has reclaimed the territory of Dade and Broward Counties in Florida.
George Naddaff, Chairman and CEO of the company comments, 'We have received significant interest in the market over the past 18 months, and we are confident that this territory will be a desirable market for future franchisees.'
Headquartered in Boston, MA, UFood Restaurant Group, Inc. is a franchisor and operator of fast-casual food restaurants with an integrated retail store that sells nutritional products for a dual revenue stream business.
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