Type to search

Food Service Industry Updates Franchising Industry Updates

Sun Holdings Buys 41 IHOP Locations from Bankrupt Franchisee

Share
Sun Holdings has one of the largest franchisee portfolios in the United States with more than 1,000 locations under its ownership. (iStock/TennesseePhotographer)

Sun Holdings Inc. recently became part of the IHOP family when it purchased 41 locations from a franchisee that went bankrupt.

The restaurants, which are now owned by Sun Holdings subsidiary Suncakes LLC, are in Tennessee, North Carolina, Virginia and South Carolina. The locations were previously owned by CFRA Holdings, which filed for Chapter 11 Bankruptcy protection in May and closed 49 IHOP restaurants.

Sun Holdings has one of the largest restaurant franchisee portfolios in the United States with more than 1,000 locations under its ownership. The company’s stores include Burger King, Popeyes, Arby’s, Krispy Kreme, Cici’s, Golden Corral, GNC and T-Mobile.

“We take great pride in joining IHOP, an iconic brand that has built significant momentum in the industry in recent years,” said Guillermo Perales, Sun Holdings president and CEO. “Our goal is to ensure that each and every guest that walks into one of our restaurants receives the quality service and familiar experience they’ve come to expect from IHOP for over 60 years.”

Tags: