Chalak Mitra Group LLC (CMG), an affiliate of the Dallas-based, The Chalak Group, Inc. (TCG), has successfully acquired 33 Yum! Brand restaurants in Illinois, Kansas, Missouri and Oklahoma for an undisclosed amount. Current Yum! franchisees, Manish Patel and Pushpak Patel, who are also part of TCG, will operate and lead the management team of KFC, Taco Bell and Long John Silver’s restaurants in the recently acquired 33 locations.
The Chalak Group, Inc. (TCG) brings multi-unit restaurant franchise experience, which includes the aggressively growing Dallas-based 56 unit fast casual brand, Genghis Grill–The Mongolian Stir Fry. TCG teamed up with Manish and Pushpak Patel to open up their first KFC and Taco Bell location in Anna, TX.
“It’s a competitive advantage for us to have Manish and Pushpak operate this division,” Al Bhakta, CEO of TCG said of the newly formed partnership. “Being existing operators in the Yum! system, they bring specific skills and experiences to the business. Our goals are the same as an entrepreneur – to create enterprise value by growing and developing the business.”
“We are very excited about the future growth opportunities with TCG and Yum! Restaurants,” said Pushpak Patel. “We look forward to serving and growing with the Yum! Brand’s guests in these communities.”
Bhakta and his team will continue to focus on growing Genghis Grill to become a national brand, while the Patels will continue to grow within the Yum! system.
— IndiaRetailing Bureau