Frisch’s of Cincinnati says it is selling “substantially all” of its Golden Corral restaurants in Ohio and nearby states to an Atlanta company.
It was unclear whether the three area Frisch’s-owned Golden Corrals are part of the deal.
Mark R. Lanning, vice president of finance and chief financial officer of Frisch’s Restaurants Inc., said in an interview Tuesday that he could not disclose which company-owned Golden Corral outlets are part of the sale to the Atlanta company, NRD Holdings LLC.
Lanning said, however, that Frisch’s eventually plans to sell all of the 29 Golden Corral units it owns in Ohio, Indiana, Kentucky, West Virginia and Pennsylvania. Golden Corral Corp. of Raleigh, N.C., operates separate, company-owned Golden Corrals.
The three area Golden Corral units — all owned by Frisch’s — are at 2819 S. Arlington Road in Springfield Township, 4910 Dressler Road NW in Jackson Township and 8261 Golden Link Blvd. in Macedonia.
NRD Holdings, the Atlanta company, operates chain restaurants in Georgia, Florida, Arizona and California. Brands include Popeyes and Domino’s Pizza.
Last year, NRD Holdings became one of the country’s 25-largest Domino franchisees when it bought 23 Domino’s Pizza units in Florida, according to an NRD statement.
Frisch’s stock is publicly traded with a ticker symbol on the NYSE Amex Market of FRS. The company, with Cincinnati roots dating to 1905, operates 93 Big Boy restaurants, and franchises another 25 to other Big Boy operations. The company-operated restaurants are in Ohio, Kentucky and Indiana.