Huddle House has agreed to buy the rights to Perkins Restaurant & Bakery with the intention of operating the family chains as distinct but sister family restaurant brands.

Bankruptcy court documents reveal that Huddle House has agreed to pay $51.5 million for Perkins.

The combination of the brands will result in a 700-restaurant operation with collective sales of about $800 million, Huddle House said in announcing the deal. About 220 of Perkins’ units and roughly 315 of Huddle House’s 351 units are franchised.

Huddle House has restaurants in Milan, Savannah, Martin, Dyersburg and Paris in West Tennessee.

Perkins has been operating under court supervision since its parent, Perkins & Marie Callender’s, filed for Chapter 11 protection in early August.

Perkins will be run by Huddle House’s leadership team out of the buyer’s Atlanta headquarters, the announcement indicated. It specified that Huddle House has no plans to turn any Perkins units into Huddle Houses, nor vice versa, and indicated that both brands would be expanded.

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(PHOTO: Perkins Restaurant, 999 Vann Drive)

David Thomas, Twitter – @DavidThomasWNWS
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