Buffett sells Cheeseburger in Paradise chain

From News-Press: “Jimmy Buffett sells Cheeseburger in Paradise restaurant chain

Luby’s Inc., owner of Luby’s Cafeterias and Fuddruckers, announced today that it will buy the Cheeseburger in Paradise brand, owned by singer Jimmy Buffett, for $11 million.

There are 23 Cheeseburger in Paradise locations in 14 states, with a revenue of $50 million.

Cheeseburger in Paradise, known for its beach-party atmosphere, has a location in south Fort Myers on Daniels Parkway.

Buffett developed the brand 10 years ago based on one of his most popular songs.

The sell is expected to close on or before Dec. 5.


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