Pizza Hut Franchisee Eym Group Selling 127 Restaurants

Eym Group, a Pizza Hut franchisee, is selling 127 restaurants in a major deal. This move is a significant one, as it will likely have a major impact on the pizza industry.

The sale is reportedly worth a substantial amount, although the exact figure has not been disclosed. This sale is a result of Eym Group's decision to focus on other business ventures.

Eym Group has been a long-time franchisee of Pizza Hut, operating the restaurants for many years. This experience has likely given them a deep understanding of the brand and the industry.

The sale of these 127 restaurants will likely lead to changes in the local markets where they are located.

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National Franchise Sales (NFS) has been engaged to manage the sale of 127 Pizza Hut units operated by EYM Pizza L.P. and affiliated companies. The decision to engage NFS was driven by their extensive track record in successfully managing similar engagements needing financial restructuring.

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The 127 stores are located in Illinois, Indiana, Georgia, South Carolina, and Wisconsin. EYM Pizza L.P. recently filed for Chapter 11 bankruptcy protection in the Eastern District of Texas.

NFS is assisting in the asset recovery process by identifying qualified buyers and facilitating the sale of these units. Their goal is to maximize recovery for creditors and provide a path forward for the restaurants involved.

EYM Pizza will sell 127 Pizza Hut locations through a restructuring plan, according to a press release. This sale marks a significant step in the company's efforts to reorganize its financial obligations and streamline operations.

The sale process will be managed by NFS, who will identify qualified buyers and facilitate the sales of the stores. Bid deadlines will be announced shortly.

Here is a list of the locations where the 127 Pizza Hut stores are located:

EYM Group was once one of Pizza Hut's largest franchisees, operating around 140 units.

The company has been dealing with financial struggles, filing for Chapter 11 bankruptcy protection in July with Manufacturers Bank and Pizza Hut as its top unsecured creditors.

EYM Group's financial woes led to a legal battle with Pizza Hut, with the operator accusing the franchisor of failing to remain competitive and not adapting to modern practices and using new technology.

EYM Group's sister company, EYM Chicken, closed 25 KFC restaurants in the Midwest earlier this year, further highlighting the company's financial difficulties.

In 2020, NPC International, Pizza Hut's largest operator at the time, went bankrupt and sold all of its 925 units to Flynn Group in 2021, a similar scenario to what's happening with EYM Group now.

Here's a brief timeline of EYM Group's recent actions: