New York City!?!? Get a rope. Preparing myself for Maxwell Street Polish burgers. And no more Whataburger ketchup. If you put ketchup on it, the entire city loses their s**t.
Seems like the whole chain restaurant business is being eaten up by private equity. Although in many cases its not always a bad thing. A lot of these chains simply don't have the capital to engage in large modernization programs. Things like supply chain improvements, franchise ops, store expansions, R&D for new food concepts etc.. simply can't be funded because the capital isn't available. The PE firms have the money to enable that sort of thing.
Will there be long lines for Whataburger when they first open in California and other states, just as there are long lines for In-N-Out during the first couple of weeks of its opening?
When PE takes over a company is that ever a good thing. All they can do is lever it, cut costs and take their management fees. Pretty sure whataburger doesn't have issues with raising capital.
So I wonder what will become of their corporate office in San Antonio? When I was looking to start my career out of college, I applied to a few roles there. I figured I could deal with San Antonians if it meant I worked in support of Whataburger.
In other recent news: Schlitterbahn sold the New Braunfels original park and the Galveston one to some unit out of Ohio (I believe they run Knott's Berry Farm in Cali and other stuff, so maybe not all bad). They're keeping the one in South Padre and are rebranding it. Hut's Hamburgers on West 6th Street is closing after ~80 years. Schumer and NY took the space shuttle, maybe the Battleship Texas will end up in Virginia next, it does need dry-dock repairs. Facebook could buy HEB to compete with Amazon/Whole Foods. A riverboat gambler could buy the Houston Rocke.....oh, wait.
With whataburger and schlitterbahn gone to outsider yankees. we must protect HEB to the death. its now the alamo of texas staples.
