The franchisee is operating the units under the Damon's brand,and, according to a statement, plans to open several new locations."Pittsburgh has always been a great market for Damon's, and we planto expand our presence here with at least three new restaurants aswell as in other cities," says Mike Sabatini, president of DMG, ina statement.
The company will expand almost exclusively through franchising,according to Carl Howard, president and CEO. He says plans call forbetween 10 and 15 new franchised units within the next twoyears.
Alliance is a real estate services company that providesbuild-to-suits and sale/leaseback programs. Since the Alliancebuyout, for an undisclosed price, Damon's has completed sevensale/leasebacks on most of its remaining real estate holdings toCedar Falls, IA-based Servant Investments LLC.
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