DALLAS, Dec. 9, 2010 /PRNewswire/ -- Chalak Mitra Group LLC (CMG), an affiliate of the Dallas-based, The Chalak Group, Inc. (TCG), announces that it has successfully acquired thirty-three (33) Yum! Brand restaurants in Illinois, Kansas, Missouri and Oklahoma for an undisclosed amount. Current Yum! franchisees, Manish Patel and Pushpak Patel, who are also part of TCG, will operate and lead the management team of KFC, Taco Bell and Long John Silver's restaurants in the recently acquired 33 locations.
The Chalak Group, Inc. (TCG) is a dynamic business organization led by Al Bhakta, Chet Bhakta, Nik Bhakta, Tony Stevens and Ron Parikh. TCG brings multi-unit restaurant franchise experience, which includes the aggressively growing Dallas-based 56 unit fast casual brand, Genghis Grill–The Mongolian Stir Fry. TCG teamed up with Manish and Pushpak Patel to open up their first KFC and Taco Bell location in Anna, TX.
"It's a competitive advantage for us to have Manish and Pushpak operate this division," Al Bhakta, CEO of TCG said of the newly formed partnership. "Being existing operators in the Yum! system, they bring specific skills and experiences to the business. Our goals are the same as an entrepreneur – to create enterprise value by growing and developing the business."
"We are very excited about the future growth opportunities with TCG and Yum! Restaurants." said Manish and Pushpak Patel. "We look forward to serving and growing with the Yum! Brand's guests in these communities."
Bhakta and his team will continue to focus on growing Genghis Grill to become a national brand, while the Patels will continue to grow within the Yum! system.
About The Chalak Group:
The Chalak Group owns, operates and is the franchisor of the aggressively growing 56 unit fast casual brand, Genghis Grill–The Mongolian Stir Fry. Genghis Grill is ranked as one of the fastest growing concepts in the country by many leading trade publications and has been recognized by national publications such as Inc. Magazine and Entrepreneur Magazine. For more information on The Chalak Group, please visit http://chalakgroup.com/ . For more information on Genghis Grill-The Mongolian Stir Fry, please visit www.genghisgrill.com.
Contact: Chiara Granado, 214-774-4240 x 233
SOURCE The Chalak Group, Inc.