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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.
As the pandemic took hold and started rocking Luby’s already shaky financial footing, Nicholas Perkins’ interest was piqued.
He’d always been a fan of its Fuddruckers hamburger chain and wanted to know what would become of the brand he loved so much. He reached out to Chris Pappas, who was then Luby’s CEO, and expressed interest in buying it. That was the first step in what Perkins described as a “robust and competitive” bidding process that spanned nearly a year and involved more than 100 companies. It resulted in an agreement reached last month for Perkins’ Black Titan Franchise Systems to buy the business in a deal valued at $18.5 million.
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