From CNNMoney.com:
CARPINTERIA, Calif., Oct. 30 /PRNewswire-FirstCall/ — CKE Restaurants, Inc. announced today the sale of 26 restaurants as part of its ongoing strategic refranchising program that was originally announced in April, 2007. The initiative is expected to involve approximately 200 Hardee’s restaurant locations in a number of markets across the Midwest and Southeast. To date, the Company has sold 106 restaurants to franchisees and secured commitments for 44 new franchise restaurants under development agreements for those markets.
The Company most recently completed the sale of 26 restaurants in the Peoria and Quincy, Illinois markets to Shree Krishna Food, LLC. Shree Krishna has also committed to build six new Hardee’s restaurant locations in these markets over the next six years. The transaction was brokered by Franchise Resale Consultants, LLC, d/b/a Praetorian Group.
“We are excited to take over 26 Hardee’s locations in the Peoria and Quincy markets and look forward to developing new locations in the coming years” said Shree Krishna President Sam Patel. “We will be working hard with Hardee’s to continue its success with the Thickburger Revolution.”
Peoria locations include the Hardee’s at 4100 W. Willow Knolls Rd., and the Hardee’s/Red Burrito locations at 3505 N.E. Adams and 8787 N. Knoxville Ave.
Working at the Peoria Heights Hardee’s was my high school encouragement to do well in school so that I would never have to work in fast food again.
Alas, that Hardee’s is no more. Ahhh, the wonderful memories of cleaning the grill and emptying the grease pit …
I use to be a fast food manager. I still think fast food is one of the hardest jobs there is. Heat, grease, abusive bosses (I was never and abusive boss)and customers. We let our kids work there, for minimum wage and most people have no idea how hard it is.
I don’t want to appear racist, because I’m not, but doesn’t it seem curious to someone that so many Mid-Eastern folks are running our gas stations, donut shops and convenient stores? Where do they get the money to start up in these businesses, I know it isn’t cheap! I went into a Schlotsky’s the other day and couldn’t even understand the guy waiting on me at the counter. forgive me if I hurt anyones feelings, but it is an uneasy feeling.