PGHC Holdings, Inc., the parent company of the popular New England restaurants Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches, this week announced it received approval to sell its business to an affiliate of Wynnchurch Capital, LLC, a private equity investment firm. The sale, which does not include franchisee locations, is scheduled to close by January 31. continue reading →
FoodMaven, a Colorado-based startup, announced today that the company has closed an additional financing. Tao Capital Partners joins as an investor in the current $10M dollar round, along with funding from members of the Walton family. continue reading →
The lease has 20 years of initial term and rent increases of 10% every five years during the initial term. The capitalization rate is consistent with past transactions. continue reading →
With current occupancy of the Beckrich Office Park at 96%, St. Joe anticipates future development at the office park. Construction on the new Starbucks is expected to begin by the end of February. continue reading →
The purchase price for the eight properties was approximately $9.4 million and represents a capitalization rate consistent with our investment thresholds and past transactions. The leases have a current weighted average remaining term of approximately 8.5 years. continue reading →
Dillashaw, an avid juicer and organic food advocate, recently agreed to a multi-unit Franchise Agreement that will bring additional stores to the California and Colorado markets under his ownership. continue reading →
A Church's Chicken in Jackson, Mississippi has announced a domestic transfer of its restaurant from father to sons. Ron Craddock opened the 100 East Presley Boulevard location over 20 years ago and is now passing it on to his sons, Ben and David Craddock. continue reading →
Capriotti's Sandwich Shop has signed a franchise agreement set to bring three new restaurants to Rhode Island, with the first location opening in Lincoln in April 2019. continue reading →