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First Watch Restaurant to Acquire 16 Franchise Restaurants in Carolinas
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First Watch Restaurant to Acquire 16 Franchise Restaurants in Carolinas
Nov 11, 2024 5:22 AM

07:46 AM EST, 11/11/2024 (MT Newswires) -- First Watch Restaurant Group ( FWRG ) said Monday it has agreed to buy 15 of its franchise-owned restaurants, one under-construction restaurant, and corresponding development rights for $49 million in Carolinas.

The company intends to finance the acquisition, expected to be completed by mid-April next year, through cash and available borrowings under its credit facility, it added.

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