(Dallas, Texas) September 2, 2016 – Encore Restaurants, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., is proud to announce that it has finalized the purchase of the Five Guys Burgers and Fries Oklahoma territory. The purchase includes six existing stores across Oklahoma, as well as the rights to develop 14 additional locations in the state.
“Three of the 14 additional sites we acquired are already under development,” said Dr. Bharat Sangani, Chairman of Encore Enterprises. “We intend to continue running full steam ahead, and anticipate opening all of the 14 additional locations in the next three years.”
The six existing stores will continue providing top-tier service and a fresh menu to the residents of Broken Arrow, Moore, Norman, Oklahoma City, Rowell, and Tulsa during the transfer of ownership.
“The current markets are very stable and the restaurants have shown continued growth in the past several years. The next round of development includes cities like Lawton and Edmond and the growth of more stores in Oklahoma City and Tulsa,” said Dale Doerhoff, President of Encore Restaurants.
Acquiring this portfolio will allow Encore Restaurants to continue to grow their Five Guys Portfolio and build operations closer to its Dallas headquarters.
About Encore Enterprises, Inc. – Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit www.encore.bz, or call (214) 259-7000.
About Encore Restaurants, LLC – Encore Restaurants, LLC. develops, owns and manages specific territories of various Full Dining, Fast Casual, and Quick Serve concepts across the United States. For more information about Encore Restaurants, LLC., visit www.encore.bz, or call (214) 259-7000 For information regarding future development locations, please contact Stacey Barber at 228-547-0293.