Denny’s acquired this local restaurant chain
Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Spartanburg, South Carolina-based Denny’s Corporation (Nasdaq: DENN), the franchisor and operator of the large franchised full-service restaurant chains, has bought Keke’s Breakfast Cafe, a brand of Orlando-based K2 Restaurants Inc.
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Denny’s announced the deal, valued at $82.5 million, during its May 3 first quarter earnings report. The transaction is slate to close later this year.
“Keke’s is a high-growth brand that aligns well with our core competency while providing us with an opportunity to participate in the fast-growing A.M. eatery segment. We intend to utilize the proven capabilities of our franchise-focused business model to develop Keke’s across multiple states with the long-term target of becoming the A.M. eatery franchisor of choice.” said John Miller, CEO of Denny’s, via the earnings report.
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