MKMB Purchases 19 Iowa Burger King Locations

DES MOINES, IA-MKMB Restaurant Partners LLC has purchased 19 Burger King facilities in the Des Moines, IA area. The new owner is a minority-owned and controlled franchise group and is purchases Burger Kings for the first time.

The purchase price of the deal was not released and Burger King did not return requests for comment.

“We are delighted to have MKMB Restaurant Partners LLC as a new franchise owner and operator. We are also pleased to be working with an organization that has significant foodservice experience,” says Chuck Fallon, president North America Burger King Corp, in a statement. “We look forward to a long-standing relationship with the company as we continue to expand our diverse franchise base within the BURGER KING® system.”

MKMB’s 19 restaurants were part of the 72 facilities recently purchased from Simmonds Restaurant Management.

Bank of America financed the transactions debt.

In December, potential new opportunities in California encouraged a veteran restaurant franchisee to put its seven-property Burger King portfolio on the market. The portfolio is valued north of $10 million and consists of four restaurants in Houston and one each in Conroe, Porter and Livingston, TX.