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Cheddar’s buys out largest franchisee

Greer Companies ran a quarter of casual-dining chain’s locations

Cheddar’s Scratch Kitchen on Thursday said it has acquired 44 locations from its largest franchisee, Greer Companies, turning the Irving, Tex.-based casual-dining chain into a predominantly company-run operation in a single deal.

Terms of the deal were not disclosed. But, as a result of the 44-unit deal, Cheddar’s now operates 139 of the chain’s 164 locations — or about 84 percent, up from less than 60 percent company owned before the deal was complete.

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