EYM Pizza, the Pizza Hut franchisee that filed for bankruptcy this summer amid a dispute with the franchisor, is selling its remaining restaurants in five states.
The sale of EYM Pizza’s 127 stores is part of a financial restructuring for the company, which is under multi-brand operator EYM Group. EYM Group, led by President Eduardo Diaz, is also a KFC, Denny’s and Panera Bread franchisee. Its pizza entity is working with M&A advisory and brokerage firm National Franchise Sales to identify buyers and facilitate the sale of restaurants in Illinois, Indiana, Georgia, South Carolina and Wisconsin.
Alan Gallup, lead adviser for the NFS Asset Recovery Team, noted EYM Pizza was able to shed some “undesirable locations” through the bankruptcy process, and he expects to see a “very reasonable level of interest” in the remaining units…