In a deal announced on Friday, Ultimate Franchise Systems will acquire Obee's Franchise Systems, the owner and franchisor of Obee's Subs. Obee's Subs is a South Florida restaurant chain with 65 existing units and 70 in development. Ultimate Franchise Systems owns a stake in ten other restaurant chains (totaling approximately 524 restaurants) and is an investor in a 40-unit chain of wellness clinics. The terms of the deal for Obee's were not disclosed.
Posted by franchiselawblog at June 1, 2004 02:48 PM