Good Instances is Dangerous Daddy’s quick-service counterpart underneath Good Instances Eating places. / {Photograph}: Shutterstock
Good Instances Eating places, the proprietor of Good Instances Burgers & Frozen Custard and Dangerous Daddy’s Burger Bar, will grow to be the only real proprietor of 5 Dangerous Daddy’s items within the Carolinas after shopping for out its joint-venture companions for $4.4 million.
The deal brings all of Dangerous Daddy’s conventional areas underneath firm possession, Good Instances mentioned Monday in a press launch, although it was unclear how lots of the chain’s 41 items are thought of conventional. It funded the acquisition with money reserves.
The 5 shops are in Winston-Salem, Fayetteville, Greenville and Greensboro, N.C., and Greenville, S.C. Good Instances has operated all of them since they opened.
“We’re actually enthusiastic about formally having full possession of those areas,” Good Instances CEO Ryan Zink mentioned in an announcement. “They’re already household as former joint-venture eating places, and we now have deep familiarity with the working historical past in every location.”
Golden, Colo.-based Good Instances took a 48% stake in North Carolina-based Dangerous Daddy’s in 2013 and bought the remaining in 2015 for $21 million. The complete-service chain gives gourmand burgers, salad and craft beer in small-footprint shops. It’s primarily situated within the Southeast and Colorado.
Final yr, Dangerous Daddy’s posted file gross sales of $103.2 million and an 11.2% improve in same-store gross sales however struggled with profitability on account of rising prices.
Zink mentioned in December that the model plans to renew growth this yr with a gap in Hunstville, Ala., and negotiations underway in Birmingham, Ala., and Raleigh, N.C.
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