ATLANTA Multiconcept franchisor Focus Brands Inc. said it has completed its purchase of franchising rights to Moe's Southwest Grill and other assets of the fast-casual chain from Raving Brands. Terms of the deal were not disclosed. After the sales agreement was announced in April, a source close to the bidding said Focus would pay $120 million to $140 million, or 10 times Moe's earnings before interest, taxes, depreciation and amortization. The source provided the information on the ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com