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.
Read the whole story at Burger Business »