RMG buys 16 Little Caesars restaurants
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KINGSPORT - Restaurant Management Group announced Wednesday it has acquired 16 Little Caesars pizza restaurants throughout the Tri-Cities, adding to its Hardee's restaurant presence the company already has in the region. RMG purchased the Little Caesars from Megan & Me Investments, owned by Ken and Anita Bates of Kingsport. Terms of the sales were not disclosed. Included in the sale are multiple Little Caesars locations in Kingsport, Johnson City, Bristol and Morristown and single locations in six other nearby communities. These Little Caesars join with the 18 Hardee's restaurants RMG operates locally. Founded in 2000 with the initial acquisition of Hardee's restaurants in the Tri-Cities, RMG today operates 45 Hardee's in five states and is the fourth-largest Hardee's franchise operation in the United States. "We're very excited about acquiring the Little Caesars here because it's a good fit for our business as we expand in the Tri-Cities area, which has been very good to us," said Jack Mangan, president and chief operating officer of RMG. "In recent years Little Caesars have been very successful with the Hot-N-Ready value-priced pizza menu, and they are experiencing very strong growth. It's a family-owned business that has a popular menu that's proving very successful." Mangan said RMG will retain all employees who work at the local Little Caesars restaurants. RMG's total employment at its 61 restaurants will now exceed more than 1,500 with a payroll of more than $14 million. RMG has been named by Hardee's as National Franchise of the Year three times since 2000 in recognition of operating excellence, profitability, cleanliness and other factors.