The company, based in nearby Longwood, lost $357,623 or 2 centsa diluted share on revenue of $1.2 million in the previous fiscalyear.


Company officials attributed the second-quarter decline to thesale of 80% of its holdings in the Mountain Mike's restaurantchain. Ultimate recently purchased a 100-unit, Tennessee-basedhamburger chain that is expected to increase revenue. The companyonws the Sobik's brand in Florida.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.