ATLANTA An affiliate of Argonne Capital Group, based here, has acquired FMS Management Systems Inc., the largest area licensee of IHOP, with 148 restaurants owned, operated and sub-franchised throughout Florida and southern Georgia. Terms were not disclosed. North Miami Beach-based FMS’s assets and development rights are now held by Sunshine Restaurant Partners LLC, which intends to retain FMS’ management team.FMS generated an estimated $189 million in sales in fiscal 2006.In 2004, ...
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