Displaying items tagged: Meritage Hospitality Group Inc

GRAND RAPIDS — Franchise restaurant operator Meritage Hospitality Group Inc. leveraged new store openings and price increases to deliver record sales for 2022. 

GRAND RAPIDS — Franchise restaurant operator Meritage Hospitality Group Inc. is expanding its portfolio of Wendy’s restaurants with a deal to acquire a group of restaurants in the Midwest. 

Here is the MiBiz Growth Report for August 1, 2022:

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. is expanding its holdings in Florida with a deal to acquire six Wendy’s locations in Jacksonville. 

Here is the MiBiz Growth Report for April 11, 2022.

Jeff Lobdell’s portfolio of restaurants took a nearly 40-percent hit to its top line revenue during a COVID-19 pandemic-rattled 2020 that took a hefty toll on the hospitality industry.

GRAND RAPIDS — Despite the uncertainty that has accompanied 2020, Grand Rapids-based franchise operator Meritage Hospitality Group Inc. reported an increase in sales for both the third quarter and the nine months that ended Sept. 27.

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. said today that it declined millions in loans under a federal coronavirus relief program intended for small businesses. 

On Thursday, Josh Cook got the call every licensed beverage alcohol producer dreads. 

The U.S. Small Business Administration intends to resume taking loan applications Monday for another round of the Paycheck Protection Program.

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. today suspended financial guidance and postponed its annual meeting that had been scheduled for May 19.

Here is the growth report for November 9, 2019.

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. expanded its holdings in the Atlanta, Ga. market with the acquisition of five Wendy’s stores. 

GRAND RAPIDS — The owner of Anna’s House restaurant has voluntarily dismissed its lawsuit against the Meritage Hospitality Group over its newly-opened Morning Belle restaurant.

GRAND RAPIDS — The company that owns the popular Grand Rapids breakfast spot Anna’s House has sued the owners of the newly-opened Morning Belle restaurant. 

Meritage Hospitality Group Inc. CEO Robert Schermer, Jr. has led the company as it has amassed a portfolio of about 400 Wendy’s restaurant locations and grown its revenue to nearly half a billion dollars.

Here is the growth report for September 14, 2019.

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. has added to its growing portfolio of Wendy’s restaurants with the acquisition of five Texas locations.

Here is the MiBiz Growth Report for Aug. 19, 2019:

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. continues its growth spurt with a pair of deals to acquire the assets of 10 Wendy’s restaurants in Georgia and Texas. 

Here is the growth report for July 8, 2019:

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. plans to invest $100 million to develop 40 new Wendy’s restaurants.

Meritage Hospitality Group Inc. continues on a growth trajectory, even after feeling the effects of a devastating hurricane last month.

Here is the MiBiz Growth Report for Dec. 11, 2017.

Here is the MiBiz Growth Report for May 30, 2017: 

• M&A: Grand Rapids-based FEDCom Credit Union, which has three offices in the Grand Rapids area with 7,654 members and assets of $67.6 million, proposed to merge into Midland-based Members First Credit Union. Members First has eight offices, 50,680 members and $480 million in assets. The deal was listed in a monthly activity report issued by state regulators.

As it continues its streak of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) remains on a growth trajectory.

Here is the MiBiz Growth Report for April 3, 2017.

• M&A: Industrial and fastener distributor Manufacturer’s Supply Co. has signed an agreement to sell certain assets to Winona, Minn.-based Fastenal Co. (Nasdaq: FAST). Fastenal expected to close on the deal for Manufacturer’s Supply, or Mansco, at the end of March, after this report went to press. Terms of the deal were not disclosed. Hudsonville-based Mansco generated roughly $50 million in sales in 2016 from locations in Michigan, Alabama and Texas. It was founded in 1928. President Jim Mol has operated Mansco for the last 25 years. Mansco supplies a range of fastener products “with a particularly strong market position with commercial furniture OEMs,” a market to which Fastenal “has not meaningfully contributed in the past.”

As part of a $111.8 million string of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) will take on eight new Wendy’s locations in Michigan, including its first locations in southeast Michigan.

Here is the MiBiz Growth Report for Feb. 20, 2017. 

• M&A: AMI Entertainment Network LLC in Grand Rapids has acquired NSM Music Group Ltd., a Leeds, U.K.-based manufacturer of jukeboxes. The deal for NSM Music marks the first overseas expansion for AMI, a provider of digital jukeboxes and other products for the nightclub and bar industry, according to a statement. Founded in 1951 in Germany, NSM will maintain its independent branding and headquarters. General Manager Martin Agabeg will report to AMI President Mike Maas. Terms of the deal were not disclosed. Going forward, AMI plans to invest in NSM and enhance the company’s products and service, according to a statement.

Fast food and casual restaurant operator Meritage Hospitality Group Inc. (OTCQX: MHGU) said yesterday it has initiated a string of acquisitions that will continue to grow its operations.