Nicholas Perkins, chairman and chief executive of Black Titan Franchise Systems, poses for a portrait at the Fuddruckers restaurant Monday, June 21, 2021 in Tomball. Luby’s announced last week it would sell its Fuddruckers brand in a deal valued at $18.5 million to North Carolina franchisee Nicholas Perkins, who already operates 13 of the burger restaurants. Perkins plans to keep the chain’s headquarters in Houston.
Nicholas Perkins, chairman and chief executive of Black Titan Franchise Systems, poses for a portrait at the Fuddruckers restaurant Monday, June 21, 2021 in Tomball. Luby’s announced last week it would sell its Fuddruckers brand in a deal valued at $18.5 million to North Carolina franchisee Nicholas Perkins, who already operates 13 of the burger restaurants. Perkins plans to keep the chain’s headquarters in Houston.
Nicholas Perkins, chairman and chief executive of Black Titan Franchise Systems, poses for a portrait at the Fuddruckers restaurant Monday, June 21, 2021 in Tomball. Luby’s announced last week it would sell its Fuddruckers brand in a deal valued at $18.5 million to North Carolina franchisee Nicholas Perkins, who already operates 13 of the burger restaurants. Perkins plans to keep the chain’s headquarters in Houston.
Nicholas Perkins, chairman and chief executive of Black Titan Franchise Systems, poses for a portrait at the Fuddruckers restaurant Monday, June 21, 2021 in Tomball. Luby’s announced last week it would sell its Fuddruckers brand in a deal valued at $18.5 million to North Carolina franchisee Nicholas Perkins, who already operates 13 of the burger restaurants. Perkins plans to keep the chain’s headquarters in Houston.
Nicholas Perkins, chairman and chief executive of Black Titan Franchise Systems, poses for a portrait at the Fuddruckers restaurant Monday, June 21, 2021 in Tomball. Luby’s announced last week it would sell its Fuddruckers brand in a deal valued at $18.5 million to North Carolina franchisee Nicholas Perkins, who already operates 13 of the burger restaurants. Perkins plans to keep the chain’s headquarters in Houston.
The liquidation of the iconic Luby’s dining chain gained momentum Monday as the ailing company said it had lined up a buyer for dozens of its Luby’s Cafeteria restaurants in Texas. The deal came on the heels of a Thursday announcement that it would be selling its Fuddruckers brand to a North Carolina-based franchisee.
A business formed by Calvin Gin, a member of the family that founded Chicago-based catering business Flying Food Group, has agreed to buy 32 Luby’s locations in Texas and the Luby’s Cafeteria brand in a deal valued at $28.7 million, the company said.
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