Luby’s Inc., the Houston-based owner of Luby’s Cafeterias and Fuddruckers, has agreed to purchase the 23-unit Cheeseburger in Paradise brand for $11 million. Luby’s disclosed in a statement that the acquisition of all Cheeseburger in Paradise restaurants in 14 states, as well as reimbursements for the brand’s cash on hand, inventory, and accounts receivable, would be funded through Luby’s retained cash and the company’s credit facility. The deal is ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
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?