Fuddruckers Gets A Cheeseburger

Luby’s Inc., which purchased burger chain Fuddruckers two years ago, said it will acquire the 23-unit Cheeseburger in Paradise chain. Houston-based Luby’s will pay $11 million plus “customary reimbursements for cash-on-hand, inventory, and accounts receivable offset by liabilities assumed at closing.” Prior-year revenues for those Cheeseburger in Paradise locations were roughly $50 million.

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Tags: m&a, qsr, restaurants
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