Krystal, the Atlanta-based hamburger chain, is getting ready to undergo a major transformation.
The Krystal Co. said Wednesday it plans to sell 100 to 150 of its company-owned restaurants to franchisees, including restaurants in Georgia. Krystal has 320 restaurants in nine states.
Krystal has engaged The Cypress Group, an investment banking firm, to manage the refranchising initiative. Restaurants in Alabama, Florida, Georgia, Mississippi and Tennessee will be sold to franchisees.
Atlanta Business Journal
Krystal to sell nearly half its restaurants to franchisees