Eight years after he founded Lime Fresh Mexican Grill, John Kunkel is ready to let his baby go.
Kunkel will close Wednesday on a $24 million cash deal to sell the homegrown South Beach fast-casual chain to Ruby Tuesday.
The deal came after Kunkel examined various alternatives to raise capital in order to speed up growth of the brand he started in 2004. Ruby Tuesday had first entered into a licensing agreement with Kunkel about a year and a half ago, which gave them the rights to expand the Lime nationally.
â€œAs a small operator there was no way I could roll out 50 new stores in the next year,â€ Kunkel said. â€œThis was the best of both worlds. They have the capital to grow the brand and the infrastructure to support the growth.â€
Start a local Social Media and online reputation business. No experienced needed! Only $99 to get started.
Amazing opportunity for only $500 in an industry that is prime for sales.
What could be better than earning up to 100% commission on the sales of exciting cruise and destination vacation packages?
Make residual income by providing online page one organic results that every small business needs to grow.
Be a part of the number one growth industry while securing your future with residual income.
A internet marketing business system designed for you to be successful in your online business.