Star Buffet, Inc. Acquires Florida Restaurants
Star Buffet, Inc. (NASDAQ:STRZ) today announced completion of the acquisition of five Whistle Junction buffet restaurants.
The acquisition consisted of the purchase of certain operating assets including Whistle Junction's intellectual property, and the assumption of real estate leases for restaurants located in Daytona Beach, Melbourne, Titusville, St. Cloud and Lakeland, Florida.
Commenting on the acquisition, Robert E. Wheaton, Star Buffet's President and CEO stated, "This acquisition of these five well-run buffet restaurants will complement our company's already strong presence in the central Florida marketplace."
Commenting on the acquisition, Robert E. Wheaton, Star Buffet's President and CEO stated, "This acquisition of these five well-run buffet restaurants will complement our company's already strong presence in the central Florida marketplace."