MarketWatch:
Burger King Corp. (BKC) today announced the refranchising of 96 company-owned BURGER KING(R) restaurants in the Orlando/Daytona market to Magic Burgers, LLC, a subsidiary of Sun Holdings, LLC and wholly-owned and operated by long-time franchisee Guillermo Perales. This acquisition makes Perales the fourth largest franchise operator in the U.S. and the largest minority franchisee with 167 restaurants throughout Florida and Texas.
“Guillermo Perales is an experienced restaurateur and has been an instrumental franchisee within the BURGER KING(R) system for more than 10 years,” said Steve Wiborg, president of North America, BKC. “He is an exemplary BURGER KING(R) franchisee with a passion for the BURGER KING(R) brand and a drive for success. His keen business sense and operational know-how have been key elements in the successful turn-around for us in the Dallas market and he continues to invest in the brand with his acquisition and remodeling efforts. With his new restaurants in Orlando and Daytona, we are proud that Guillermo is now our fourth largest franchisee and the largest minority franchisee in the U.S.”