Applebee's sells 33 locations to franchisee

Applebee's sells 33 locations to franchisee

The deal with American Franchise Capital LLC is part of the chain's strategy to become a 99-percent franchised restaurant system

Applebee’s has nearly reached its goal of becoming an almost-all-franchised brand with the signing Tuesday of an asset purchase agreement to sell 33 company-owned locations, primarily in Missouri and Indiana.

Applebee’s parent company, DineEquity Inc., said it has signed an agreement with American Franchise Capital LLC, based in Greenwich, Conn., whose managing partner William Georgas is a longtime Applebee’s franchisee.

Georgas was previously the co

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