Group buys Yum! Brands restaurants in Kansas,Missouri

Posted By: Bob Beachy, president of Van Osdol & Magruder, P.C. Van Osdol & Magruder has had the honor and privilege of representing many Kansas City area restaurants over the years. This article from the Kansas City Business Journal regarding the purchase of 33 franchise restaurants in Kansas and Missouri reveals how special our area businesses are on a national scale. Please see the article below to read the entire overview of the restaurant purchase. Please let me know if you have questions regarding our work with local restaurants. Chalak Mitra Group LLC has bought 33 KFC, Taco Bell and Long John Silver’s restaurants in Kansas, Missouri, Illinois and Oklahoma. The group, an affiliate of Dallas-based The Chalak Group Inc., did not disclose the purchase price for the Yum! Brands Inc. (NYSE: YUM) restaurants. The cash purchase from Missouri company Table Rock Restaurants includes 22 restaurants in Missouri, four in Kansas, three in Oklahoma and one in Illinois. One KFC/Taco Bell restaurant is in Gardner. Manish Patel and Pushpak Patel, current Yum! franchisees and part of The Chalak Group, will run the restaurants. “It’s a competitive advantage for us to have Manish and Pushpak operate this division,” Chalak Group CEO Al Bhakta said in a release. “Being existing operators in the Yum! system, they bring specific skills and experiences to the business. Our goals are the same as an entrepreneur — to create enterprise value by growing and developing the business.” The Chalak Group has multi-unit franchise experience as owner, operator and franchiser of the 56-unit fast-casual chain Genghis Grill-The Mongolian Stir Fry, which has a location in the Kansas City Power & Light District. The group had partnered with the Patels to open their first KFC and Taco Bell location in Anna, Texas. The Patels will focus on growth within the Yum! system; Bhatka’s team will work on turning Genghis Grill into a national brand. Both want to grow in the restaurant industry; the deal represented a vehicle to expand with Yum! Brands, said Ron Parikh, a principal of The Chalak Group. “This is kind of a big opportunity for us,” he said, adding that the company would be open to more. “We’re open to any part of the country, as long as we have good operators.” Read More: