Budlong Sizzling Hen proprietor buys Mongolian Grill – thqaftqlm

Budlong Sizzling Hen proprietor buys Mongolian Grill

The acquisition provides greater than 80 corporate-owned and franchised eating places to South Elgin-based Craveworthy Manufacturers’ portfolio. Mongolian Ideas is the dad or mum firm of BD’s Mongolian Grill, Flat Prime Grill and Genghis Grill. The acquisition of the corporate from Dallas-based franchise operator CMG will remove the Mongolian Ideas umbrella, in keeping with a information launch.

In Illinois, Genghis has a location in Peoria, Mongolian Grill has areas in Naperville and Bolingbrook, and Flat Prime Grill has areas in Lombard and in Chicago’s Loop.

The CEO and founding father of Craveworthy Manufacturers, Gregg Majewski, was the latest CEO of Mongolian Ideas. Majewski informed Crain’s earlier this yr that he purchased an fairness piece within the enterprise about two years in the past. Majewski is a restaurant trade veteran and can also be a former CEO of sub chain Jimmy John’s.

Mongolian Ideas not too long ago retooled all three manufacturers, Majewski informed Crain’s not too long ago. Mongolian Grill added different Asian dishes to its menu, which was as soon as dominated by bowls that diners would customise. The scale of Genghis areas shrank, and final yr, the model opened its first new location since 2018. Flat Prime’s menu was additionally revitalized, Majewski mentioned.

Majewski launched Craveworthy Manufacturers late final yr. The corporate additionally not too long ago purchased Chicago fried hen sandwich joint the Budlong Sizzling Hen for an undisclosed quantity and plans to franchise it and open 100 Budlong shops by 2027.

Craveworthy Manufacturers partnered with the brand new service provider banking division of Florida-based asset administration firm FG Monetary Group to assist fund its development, in keeping with the information launch.

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