TL;DR
MOOYAH Burgers, Fries & Shakes was sold to a partnership of Balmoral Funds LLC and Gala Capital Partners LLC. The brand plans to leverage the new investment for growth.
MOOYAH Burgers, Fries & Shakes was sold to a partnership of Balmoral Funds LLC and Gala Capital Partners LLC, according to a recent Nation’s Restaurant News article. The deal was completed on April 28 but the terms of the deal were not disclosed.
“For the company, it’s really a move in a positive direction,” said Michael Mabry, MOOYAH’s chief operating officer. “We’ve been entrepreneur-founded for the past 10 years. We thought it was a good time to bring in some outside investment.”
Founded in 2007, the Dallas-based fast-casual chain currently has 93 units that are almost all franchise locations. Mabry believes Gala’s knowledge of what makes a franchise successful will help the brand continue to grow.
“Of all the different foods that have been exported around the world, the concept of burgers, fries and shakes resonates strong with everyone,” said Anand Gala, founder of Gala Capital Partners.
In this story
This story was originally published in 1851 Franchise on May 3, 2017. Burnaze summarizes and links to the original reporting.
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