South Florida firm buys 15 Wendy’s restaurants with $26.5M loan

Coral Gables-based Gold Coast Holdings Restaurants used a TD Bank loan to acquire Wendy's locations in five Florida counties

TRD MIAMI /
Jan.January 14, 2018 11:30 AM

The acquired Wendy’s location are in Lake, Marion, Putnam, St. John’s and Volusia counties.

A South Florida firm bought 15 Wendy’s restaurants in Florida and financed the acquisitions with a $26.5 million bank loan.

Coral Gables-based Gold Coast Holdings Restaurants used the loan from TD Bank to acquire Wendy’s franchise units in Lake, Marion, Putnam, St. John’s and Volusia counties.

Gold Coast also bought the real estate where 12 of the 15 Wendy’s restaurants are located.

In a press release, TD Bank said Gold Coast will use a line of credit to renovate the restaurants and to finance future acquisitions.

Gold Coast owns and operates a total of 91 restaurants on the East Coast that bear the Wendy’s and TGI Fridays brands. — Mike Seemuth


Related Articles

arrow_forward_ios

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

Virgin Trains may announce 3 new train station sites in South Florida by year-end

arrow_forward_ios