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QSR Holdings closes deal on 45 Church’s Chicken restaurants with plans to expand

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Florida-based QSR Group Holdings has acquired 45 Church’s Chicken restaurants previously operated by Falcon Holdings.

The deal encompasses restaurants in Alabama, Georgia, Florida, Ohio and Michigan and also includes a multi-year, multi-unit development agreement to build six new restaurants within those markets.

QSR was founded by Casey Askar and Sam Askar, and QSR’s three local affiliates will be the franchisees of the restaurants.

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“QSR is well-experienced in the quick-service restaurant space as franchisees and as franchisors with more than 200 restaurants in their portfolio,” said Pete Servold, EVP Franchise and Company Operations for Church’s Chicken. “The fact that we’ve attracted experienced franchisees who see the great potential of the brand and seek to complement the initiatives of existing owners makes it a good deal for all parties involved.” 

The first round of renovations will begin in 2020, with the brand’s new Church’s Chicken Star image design rolled out across the newly-acquired restaurants.

All newly opened and renovated Church’s Chicken locations in the US, including Puerto Rico, have all been updated with the new look, with a modern design and contemporary lighting.

“We are very excited about our opportunity to become a Church’s Chicken franchisee,” said Casey Askar, QSR’s Chairman. “We believe in the strong corporate brand, and overall customer loyalty will help us redefine success in the markets that we are planning to serve.”

Tags : acquisitionbusinessChurch's ChickenQSR Holdings
Zoe Monk

The author Zoe Monk

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