An excerpt from Essence -
The Fuddruckers Franchise Is Now Owned By A Black HBCU Alum
THE ACQUISITION MAKES NICHOLAS PERKINS THE LARGEST FRANCHISE OWNER AND THE FIRST AFRICAN AMERICAN TO HAVE TOTAL OWNERSHIP OF A NATIONAL BURGER BUSINESS.
BY CHANEL STEWART
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| COURTESY: NICHOLAS PERKINS |
If there’s anything that Black HBCU grads are going to do, it’s take over corporate America.
Nicholas Perkins acquired the Fuddruckers franchise for an estimated $18.5 million dollars, making him the largest franchise owner and the first African American to have total ownership of a national burger business. Perkins’ Black Titan Franchise Systems LLC reached a deal with Luby’s earlier this summer to take over ownership of the Fuddruckers brand from Luby’s, a Houston-based reported cafeteria chain that last year began liquidating its assets and dissolving the company.
“We’re excited to be purchasing Fuddruckers and look forward to working with Fuddruckers’ many dedicated, highly capable franchisees to further build this brand,” Perkins said. “As a Fuddruckers franchisee, I have a vested interest in ensuring that all Fuddruckers franchisees have the resources, infrastructure, and operational and marketing support they need to maximize their return on investment. This strategic alignment, when combined with the fact that we sell the ‘World’s Greatest Hamburgers’™, will ensure the long-term success of the brand and our franchisees.”
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