Wendy's sells all 30 Austin-area restaurants less than two years after purchase

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by John Egan / CultureMap

CultureMap

Posted on December 30, 2013 at 4:09 PM

Updated Monday, Dec 30 at 7:49 PM

(CultureMap Austin) -- The 30 Austin-area Wendy’s fast-food restaurants have changed hands for the second time in less than two years.

Wendy’s Co. said Friday that it sold the 30 restaurants to a relatively new franchisee, Haza Foods. The sale price wasn’t disclosed. Haza Foods already operates 31 Wendy’s restaurants in the Houston area and three in the Waco-Temple area.

Haza Foods, also an operator of convenience stores and a wholesale distributor of fuel, bought the Houston restaurants in early 2013 from Emerald Foods, according to RestaurantNews.com. That deal marked Haza’s first franchise arrangement with Wendy’s.

The sale of the Austin restaurants is part of a major Wendy’s initiative. In July, Dublin, Ohio-based Wendy’s announced it was selling 425 company-owned restaurants in 13 U.S. markets in an effort to boost its profit margins and “geographically concentrate” its restaurant ownership.

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