San Diego — San Diego-based High Bluff Capital Partners will assume ownership of a portfolio comprising 81 Hardee’s locations following an auction. Located in Alabama, Florida, Georgia, Kansas, Missouri, Montana, South Carolina and Wyoming, the restaurants were previously owned by franchisee Summit Restaurant Group, which filed for Chapter 11 bankruptcy in May of this year. The transaction is expected to close in August. Dave Dixon will oversee operation of the restaurants.
“High Bluff is the ideal partner to support our efforts…while making critical investments in restaurant remodels and other initiatives to boost traffic and sales,” says Max Wetzel, chief executive officer of CKE Restaurant Holdings, Hardee’s parent company.
High Bluff Capital owns the Quizno’s, Church’s Chicken and Taco del Mar restaurant chains.
SOURCE: www.CaliforniaCenters.com