Times LIVE:

According to managing director Greg Solomon, the transaction, announced in March, comes down to one word: growth.

This could be good news for a handful of entrepreneurs if they are able to secure new franchises.

Of the 145 restaurants operating in the country, approximately 60% are franchisee owned. Solomon says that there are 34 franchisees who, on average, own just under three outlets each.

He says the 40/60 split between company- and franchisee-owned restaurants will remain for the foreseeable future.