A bankrupt private equity-sponsored operator of Popeyes Louisiana Kitchen Inc. restaurants lined up buyers, including the franchisee’s CEO and Popeyes itself, for nearly 100 locations.
Fried chicken chain Popeyes agreed to buy 16 of Sailormen Inc.'s locations in Miami for $9.6 million, while Pulse Restaurant Group LLC, controlled by Sailormen CEO David Damato, would scoop up 50 restaurants for nearly $2.7 million in Tampa, Tallahassee, Pensacola, and Jacksonville, according to Wednesday and Thursday filings in the US Bankruptcy Court for the Southern District of Florida.
Five separate winning bidders agreed to pay nearly $16.6 million in total for 97 restaurants ...
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