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Fla. firm buys 91 Pizza Hut locations
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ClaudeOrlando, Fla.-based CFL Pizza LLC has purchased 91 area Pizza Hut restaurants in a $35 million deal.
According to an article in the Orlando Business Journal, the acquisition took place Dec. 7 and now places responsibility for the restaurants' 1,750 employees into CFL Pizza's hands.
From the story:
CFL Pizza CEO Andy Rosen, whose investors include the Syosset, N.Y., private equity firm Northwood Ventures, said one of the first pieces of business up for grabs is the firm's $2 million to $2.5 million ad budget.
CFL Pizza also is looking for vendors for everything from a real estate development consultant to an IT firm. "We're going to put a local spin in terms of using local vendors," said Rosen.
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