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Saturday, August 23, 2014
Hot Dog on a Stick is purchased from bankruptcy for $12.2 million
According to the L.A. Times:
BY SHAN LI
August 21, 2014, 9:22 p.m.
Global Franchise Group has bought HDOS Enterprises, parent company of the fast-food chain known for hot dogs and lemonade, for about $12.2 million in an auction from Bankruptcy Court, according to a Thursday statement and court documents.
Global Franchise also assumed HDOS' liabilities.
HDOS filed for Chapter 11 bankruptcy in February after struggling with declining foot traffic in malls and expensive leases.
Chris Dull, chief executive of Global Franchise Group, said Hot Dog on a Stick adds "another strong brand" to the company's roster of quick service restaurants.