GE Capital, Franchise Finance closed a $9.35m deal with Legacy Restaurants Group, LLC. owners of multiple Wendy’s franchise units in Kansas and Missouri.
The loan will help Legacy acquire five new units from another franchisee located in Joplin, Mo. and refinance existing debt.
Legacy now owns and operates 17 Wendy’s franchise units in the Topeka, Kan. and Kansas City, Mo. areas. While GE Capital, Franchise Finance and Wendy’s have a long-standing relationship, this is the first GE Capital deal with Legacy.
Wendy’s is the third largest hamburger fast food chain, with approximately 6,700 locations around the world.
FinSMEs
26/10/2009