The Dallas-based group behind Genghis Grill is branching out into the Yum Brand of restaurants.
Chalak Mitra Group, an affiliate of Dallas-based Chalak Group, has purchased 33 Yum Brand restaurants in four states, including three in Kansas, for an undisclosed amount.
A principal in the Texas group said they'd be interested in any Wichita Yum properties as the company diversifies.
The Kansas restaurants include a Kentucky Fried Chicken/Long John Silvers in Fort Scott, a Kentucky Fried Chicken in Pittsburg and a Kentucky Fried Chicken/Taco Bell in Baxter Springs. Most of the restaurants involved in the deal are in Missouri, including properties in Springfield and Branson.
"Our role is more of an investor, a growth-funding type of role from where we stand," said Ron Parikh, one of the Chalak principals.
"Our main focus remains Genghis Grill and growing the brand across the country. This deal, though, made sense for us. We have good operators, and it's a good chance to be on the other side of things."
Current Yum franchisees Manish Patel and Pushpak Patel, who are also part of the Chalak Group, will operate and lead the management team of KFC, Taco Bell and Long John Silver's restaurants.
Parikh said his group will continue looking for similar opportunities, including in Wichita.
"There will be more possibilities for us in the future with the Yum brand," he said. "More Kentucky Fried Chickens and more Taco Bells, so sure, if the timing and pricing are right and Yum would let us grow, we would grow."
The Chalak Group brings multi-unit restaurant franchise experience, which includes the aggressively growing Dallas-based 56-unit fast casual brand, Genghis Grill. It teamed up with Manish and Pushpak Patel to open up their first KFC and Taco Bell location in Anna, Texas.