Burger King Corp. (BKC) and Sun Holdings Inc. has announced the acquisition and transfer of 96 BKC-owned store locations to Sun Holdings' Florida subsidiary, Magic Burgers LLC. The deal brings Sun Holdings' Burger King franchise portfolio to 167 units in Florida and Texas.
Guillermo Perales, the sole owner of Sun Holdings Inc, says he plans on remodeling 69 of the newly acquired locations with BKC's 20/20 store design over the next three years. Perales also plans on opening seven new Burger King locations in Florida, and ten new Burger King locations in Dallas.