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Applebee’s franchisee to sell 80 restaurantsApplebee’s franchisee to sell 80 restaurants

RMH Franchise Corp. will purchase units from Thomas & King

Lisa Jennings, Executive Editor

October 16, 2013

2 Min Read
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Franchise operator Thomas & King Inc. has agreed to sell its 80 Applebee’s restaurants in Kentucky and Arizona to franchisee RMH Franchise Corp. in a deal expected to close before the end of the year.

Terms of the deal were not disclosed.

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The agreement will more than double the number of Applebee’s Grill & Bar locations operated by Lincoln, Neb.-based RMH, which currently has 60 of the casual-dining restaurants in 10 states. Once the deal is completed, RMH, with 140 units, is expected to be the second-largest Applebee’s operator, after San Francisco-based Apple American, which has about 442 units.

“RMH is a very professional and highly regarded franchisee of Applebee’s, and will bring energy, expertise and a passion for our restaurants that will continue our 25 years of success in the business. I am especially pleased that RMH will retain many of our current home office employees. I am confident that RMH will continue to be a leader in our industry,” Mike Scanlon, chief executive of Thomas & King, said in a statement.

RMH has indicated that it intends to hire many of the employees working in the Thomas & King corporate office in Lexington, Ky., though some employees will remain with Thomas & King, which also operates Johnny Carino’s Italian restaurants.

Jeff Neumann, chief executive of RMH Franchise Holdings, said, “Thomas & King shares many of RMH’s core values, including commitment to excellence and superior customer service. Customers of the restaurants we are acquiring will continue to enjoy the exceptional dining experience at Applebee’s that they do currently. We are excited to be growing our portfolio of restaurants and look forward to continued success.”

RMH acquired its first group of 45 Applebee’s restaurants in nine states in December 2012, with an equity investment from Acon Investments for the acquisition of Concord Neighborhood Corp. In June, RMH added another 15 Applebee’s locations in the Chicago area, according to the company’s website.

Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout

About the Author

Lisa Jennings

Executive Editor, Nation's Restaurant News and Restaurant Hospitality

Lisa Jennings is executive editor of Nation’s Restaurant News and Restaurant Hospitality. She joined the NRN staff as West Coast editor in 2004 as a veteran journalist. Before joining NRN, she spent 11 years at The Commercial Appeal, the daily newspaper in Memphis, Tenn., most recently as editor of the Food and Health & Wellness sections. Prior experience includes staff reporting for the Washington Business Journal and United Press International.

Lisa’s areas of expertise include coverage of both large public restaurant chains and small independents, the regulatory and legal landscapes impacting the industry overall, as well as helping operators find solutions to run their business better.

Lisa Jennings’ experience:

Executive editor, NRN (March 2020 to present)

Executive editor, Restaurant Hospitality (January 2018 to present)

Senior editor, NRN (September 2004 to March 2020)

Reporter/editor, The Commercial Appeal (1990-2001)

Reporter, Washington Business Journal (1985-1987)

Contact Lisa Jennings at:

[email protected]

@livetodineout

https://www.linkedin.com/in/lisa-jennings-83202510/

 

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