Wendy’s to Sell 640 Restaurants to Franchisees Over 2 Years

wendys-to-sell-restaurants-to-franchisees
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How Direct Capital Can Help You Take Advantage of this Opportunity

Wednesday May 6 was a big day for Wendy’s. They made the announcement that corporate would be selling 640 of their restaurants to franchisees in the United States and Canada through 2015 and 2016.

This move, CEO Emil Brolick said, is to “drive further growth opportunities for expanded restaurant ownership to strong operators” and also to have predictable cash flows and higher margins.

Selling the 600 restaurants off not only allows the franchisors to earn income from fixed franchisee fees and royalties, but also to reduce costs on maintenance and other commodities. Brolick said he expects the deal to generate up to $485 million in cash.

Cypress has announced the Wendy’s locations that will be sold over the next two years. Some of the 2015 locations include: 32 in Pittsburgh, 20 in West Palm Beach, 32 in Boston, and 41 in Cincinnati. In 2016, there are plans for New York, New Orleans, Chicago and others. For a full list, visit the Cypress website.

Direct Capital has been a Wendy’s financing partner for many years so this news is just as exciting for us as it is for them. We’re thrilled to have the opportunity to assist Wendy’s franchisees in their venture to purchase these stores.

So, franchisees, we’re talking to you. Whether you need the cash simply for a store acquisition, or you’re looking for some help in a remodel, we can help. And here’s how:

  • Receive up to $250,000 without financial review and $1M or more with full financial review
  • Access financing with rates as low as 5.99%
  • Flexible payback term options from 30 days to 84 months
  • In most cases, Direct Capital can have the funds in your account as quickly as one day

In addition to our lending solutions, when you work with Direct Capital you will also enjoy some other perks like remarkable customer service, a resource center with educational content, and a dedicated account manager that will help you every step of your journey.

For more information on Direct Capital, visit our website or click here to get started with financing your Wendy’s franchise. To speak with a client services manager, call: 888-501-6846. We look forward to working with you!

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