Philadelphia Business Journal – June 1, 2016
Written By: Kenneth Hilario
A Delaware County private equity firm has formed a partnership to expand a Florida-based burger and beer restaurant concept’s presence across the United States, including possibly opening locations in the Philadelphia market.
Wayne, Pa.-based Larsen MacColl Partners has formed an equity partnership with Boca Raton, Florida-based B&B Franchise Group, the developer and franchisor of Burger & Beer Joint restaurants.
The sports and rock-and-roll themed restaurant chain, which launched in 2009 and has seven locations, will open 15 locations over the next four years across the country, including more in Florida, Texas, California, Washington, D.C., and other cities across the northern and southeastern United States, according to B&B Franchise Group.
“With the help of Larsen MacColl, we are able to aggressively seek out potential franchisees in our targeted geographic locations,” according to Bill Herman, B&B president and CEO.
The company has “aggressive” plans for the B&B brand nationally and internationally, he added.
“We are actively seeking franchisee partners in the Philadelphia area and other high density markets throughout the northeast,” Herman told the Philadelphia Business Journal. “Additionally, we will be investing in corporate locations in the near future.”
The chain is known for its burgers named after rock-and-roll songs, including “Mustang Sally,” “Hotel California” and “Thunder Road.” Its 10-pound “Mother Burger” was also featured on the Travel Channel’s Man v. Food.
View Article Here: PBJ: Delco Firm Invests in FL Burger & Beer Franchise