Operators looking to pick up large numbers of restaurants from franchisors or franchisees may want to consider the pre- and post-acquisition strategies of companies such as Heartland Food Corp., which recently acquired 121 Burger King units. In May 2011, Heartland Food Corp., of Downers Grove, Ill., purchased through a bankruptcy auction 40 Minneapolis market Burger King restaurants previously operated by Duke & King Acquisition. And this past summer, it purchased from franchisor ...

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