Shells completes Islands units buy

Nation's Restaurant News, Dec 9, 1996

> TAMPA, Fla. - Shells Seafood Restaurants Inc., the 25-unit casual-themed seafood chain based here, completed the acquisition of six Islands restaurants in Florida from Islands Florida LP. Terms were not disclosed, but Chart House Enterprises, which had a 25-percent interest in Islands Florida, previously said Shells would pay $500,000 in cash and a 1-percent royalty after the units were converted to Shells.

COPYRIGHT 1996 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning

 

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