A New Jersey man has formed a restaurant group to acquire 16 Pizza Hut restaurants in South Jersey, the company announced Monday.A New Jersey man has formed a restaurant group to acquire 16 Pizza Hut restaurants in South Jersey, the company announced recently.
Ed Herron and his fellow investors purchased the restaurants from Capital Pizza Huts Inc. through their PCF Restaurant Group LLC franchisee, according to a news release. Herron, president and owner of PCF, had been vice president of operations with Capital Pizza Huts, as part of a 25-year career in Pizza Hut management.
“The Pizza Hut story is the quintessential entrepreneurial success story with strong customer loyalty,” he said in a prepared statement. “The core values that are synonymous with Pizza Hut — menu quality, hospitality and service — will shape the way we run our business, and these values will guide us as we look to the future with restaurant upgrades, additional locations and more.”
The restaurants acquired include locations in:
PCF said it hopes to remodel the Galloway, Toms River and Woodbury stores in 2017, and acquire new locations in 2018 and 2019.
Financial terms of the deal were not disclosed.