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Buffalo Wild Wings Refranchising 83 Restaurants — The Motley Fool

What happened?

Buffalo Wild Wings (NASDAQ:BWLD) is about to let go of a clutch of its restaurants. The company said that it is putting up 83 of those outlets for franchising, in a move it describes as part of its “on-going portfolio optimization process.” It is effective immediately.

The chosen restaurants are located in Canada, central and eastern Pennsylvania, the northeastern U.S., south Texas, and Washington, D.C. Buffalo Wild Wings did not specify how many restaurants would be franchised in each of those regions.

For help, the company has hired a specialist firm, The Cypress Group, to manage the franchising process. Buffalo Wild Wings said that Cypress is to “coordinate all discussions and distribution of offering materials with potential buyers.”

IMAGE SOURCE: BUFFALO WILD WINGS.

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