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Cambridge Franchise Holdings Continues to Pursue Southeast Consolidation and Growth Strategy
MEMPHIS, TN --(Marketwired - January 11, 2016) - Cambridge Franchise Holdings, a rapidly growing restaurant and real estate company, has acquired 42 BURGER KING® restaurants and 5 All-in-One convenience stores in Tennessee, Arkansas and Mississippi from Mirabile Investment Corporation, which was owned by Dr. Joseph Mirabile.
"Joe Mirabile built a phenomenal business with a focus on operations and restaurant quality," said Ray Meeks, CEO of Cambridge Franchise Holdings. "We are excited to work together with our new team members and are committed to maintaining the high standards of operations and development set by Joe and his team." Added Mirabile, "I am pleased that Cambridge Franchise Holdings is the new operator, as I have witnessed Ray's commitment to excellence over the years. We wish them the best of luck."
This is the largest of 15 restaurant and real estate acquisitions that Cambridge Franchise Holdings has completed since its formation in 2014. Cambridge Franchise Holdings is one of Burger King's largest and fastest growing franchisees.
Cambridge Franchise Holdings has built a strong management team and instituted a culture of partnership among all of its employees that it intends to bring to the newly acquired restaurants. The Company plans continued growth in the Southeast through acquisitions and remodels of existing restaurants and development of new restaurants.
About Cambridge Franchise Holdings
Cambridge Franchise Holdings was formed in 2014 by Matt Perelman and Alex Sloane in partnership with Ray Meeks, a 30-year Burger King franchisee and seasoned restaurant operator. The Company is led by Chief Executive Officer Ray Meeks, Chief Operating Officer Tim Furr, Chief Financial Officer Kevin Whitton and Chief Development Officer Joey Stewart. Cambridge Franchise Holdings owns and operates 85 Restaurants, 5 Convenience Stores and real estate in Alabama, Arkansas, Louisiana, Mississippi, North Carolina, Tennessee and Virginia. The Company aims to grow its restaurants and its team through consistent, high quality, profitable operations.
About Joseph W. Mirabile
Dr. Joseph Mirabile is a real estate developer and restaurant operator with extensive holdings in five states. In addition to the Burger King restaurants, Dr. Mirabile has developed numerous commercial properties and served on the faculties at three major universities.
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