Applebee's Acquires Louisiana Apple LLC. to Expand Franchisee Portfolio
Applebee's announced that it expanded its franchisee portfolio with the addition of Louisiana Apple LLC, led by Seenu Kasturi, through the acquisition of 18 Oklahoma, Arkansas and Kentucky-area Applebee's restaurants.
Louisiana Apple LLC. purchased the restaurants from Apple Gold Group. Financial details of the sale will not be disclosed.
"We take great pride in joining the Applebee's family, a great brand with significant momentum," Louisiana Apple president Seenu Kasturi says in a statement. "It's an honor to partner alongside fellow franchisees, company partners and restaurant team members who truly make Applebee's America's favorite Neighborhood Grill + Bar."
While Applebee's guests won't notice the ownership change, and all current team members are expected to be retained, the Louisiana Apple group will continue to deliver the experiences our guests know and expect from Applebee's.
"We are pleased to welcome to the Applebee's family another new franchisee with deep restaurant experience who shares our strategic vision for operational excellence and growth," adds Applebee's President John Cywinski.
As of March 31, 2018, there were 1,923 Applebee's franchise restaurants in all 50 states, Puerto Rico, Guam and 13 other countries.