X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Ultimate Franchise Systems Inc. is in the red for the second quarter. The restaurant management company posted a loss of $726,665 or 2 cents a share on revenue of $819,849.

The company, based in nearby Longwood, lost $357,623 or 2 cents a diluted share on revenue of $1.2 million in the previous fiscal year.

Company officials attributed the second-quarter decline to the sale of 80% of its holdings in the Mountain Mike’s restaurant chain. Ultimate recently purchased a 100-unit, Tennessee-based hamburger chain that is expected to increase revenue. The company onws the Sobik’s brand in Florida.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.