Foodservice Equipment Reports
Chains Global News Late Breaking News News

Fast-Casual Brand Sells for $10M

Elevation Burger

Fatburger has another sibling.

FAT Brands has acquired Elevation Burger, the “healthful organic chain,” for $10 million. FAT Brands is paying a combination of cash and a “seller’s note” to buy the Arlington, Va., chain and its nearly 50 franchised locations in the U.S. and the Middle East.

By providing Los Angeles-based FAT Brands with a seller’s note, Elevation Burger is actually lending the company money to buy the chain.

In addition to Fatburger, FAT brands’ portfolio includes Ponderosa, Bonanza, Buffalo’s Café Hurricane Grill Wings, and Yalla Mediterranean. The acquisition takes the company’s total unit count to more than 400 restaurants worldwide.

Related Articles

Burgers Or Wings? FAT Brands Ramps Up Co-Concepts

Chains in Brief: A Big Week of Closures, Changes and Mergers

Fast-Casual Traffic Continues To Grow


MUFES 2018Advance Your Knowledge of Foodservice Equipment Technologies at MUFES
MUFES is a one-of-a-kind event for foodservice equipment decision makers from multiunit chains and noncommercial facilities.

LEARN MORE