Wendy's buys 30 franchised restaurants in Texas

Wendy's buys 30 franchised restaurants in Texas

The quick-service company bought the units from longtime Wendy’s operators Dave and Jason Near

The Wendy’s Co. has completed the purchase of 30 franchised restaurants in the Austin, Texas, market from longtime operators Dave and Jason Near.

According to an 8-K filing with the Securities and Exchange Commission, Wendy’s paid $19.8 million in cash to Pisces Foods LP, Near Holdings LP, and Dave and Jason Near for the business. The Near brothers will retain ownership of 23 parcels of real estate and lease the properties back to Wendy’s.

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