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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
January 14, 2018 11:30AM

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