Nicholas Perkins, Acquires Fuddruckers Franchise
Nicholas Perkins is slated to acquire the Fuddruckers restaurant chain for an estimated $18.5 million, making him the first African American with 100% ownership of a national burger franchise.
A number of Fuddruckers restaurants were previously sold to a Perkins affiliate, making Perkins one of the largest Fuddruckers franchisees. Perkins is the CEO of Black Titan Franchise Systems LLC. MSN reported that Luby’s, Inc. is a Houston-based cafeteria chain which planned to liquidate its assets and dissolve it. In agreement with this, Black Titan Franchise Systems LLC was formed for the sole purpose of owning the Fuddruckers.
“We’re excited to be purchasing Fuddruckers and look forward to working with Fuddruckers’ many dedicated, highly capable franchisees to further build this brand,” Perkins said. “As a Fuddruckers franchisee, I have a vested interest in ensuring that all Fuddruckers franchisees have the resources, infrastructure, and operational and marketing support they need to maximize their return on investment. This strategic alignment, when combined with the fact that we sell the ‘World’s Greatest Hamburgers’™, will ensure the long-term success of the brand and our franchisees.”