Takeovers On Waffle House Menu

Atlanta Business Chronicle:

Waffle House Inc., which in February assumed control of 121 restaurants belonging to its oldest and largest franchisee, might be called on to take over the assets of another troubled partner.
wafflehouse

Nashville, Tenn.-based SouthEast Waffles LLC filed for Chapter 11 bankruptcy protection last August.

The reorganization of SouthEast Waffles is still pending in bankruptcy court, said Jon Waller, chief legal counsel for Norcross-based Waffle House, and it is “too soon to predict” if the brand might assume the company’s assets.

A resolution could come in 90 days, Waller said.

“We have a large interest,” Waller said. “It’s our flag, it’s our brand and we care a lot about what happens to that business.”

The situation with SouthEast Waffles follows the failure of Tampa, Fla.-based Northlake Foods LLC, Waffle House’s oldest and biggest franchisee, which the venerable Georgia chain acquired out of bankruptcy Feb. 4.

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Photo: Byron E. Small.

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