Property Description
In 2016 Cambridge Franchise Holdings, LLC purchased all of the Burger King restaurants in the Memphis MSA. In April 2019, Carrols Restaurant Group, Inc. (Nasdaq: TAST) completed the acquisition of 165 Burger King and 55 Popeyes restaurants from Cambridge Franchise Holdings, LLC.
Carrols is the largest Burger King franchisee in the United States and has operated Burger King restaurants since 1976. Following the Cambridge merger, Carrols operates 1,010 Burger King and 55 Popeyes restaurants in 23 states.
