Villa Enterprises Management Purchases The Office Beer Bar & Grill Restaurant for $4.68 Million

MORRISTOWN, N.J., Jan. 22, 2011 /PRNewswire/ -- Villa Enterprises Management Ltd., Inc. (and its affiliates, Villa Enterprises), the global multi-concept restaurant franchisor, announced today it has agreed to purchase The Office Beer Bar & Grill, a popular sports bar and restaurant with seven locations throughout New Jersey including Westfield, Bridgewater, Summit, Morristown, Cranford, Montclair and Ridgewood, for $4.68 million.

Previously owned by C.B. Holding Company and a sister brand to Charlie Brown's Steakhouse, The Office first opened in 1966 as The Jolly Trolley and was sold under an asset purchase approved by the U.S. Bankruptcy Court for the District of Delaware on Jan. 21, 2011.

"The Office has been a popular dining destination in New Jersey for more than 40 years and we're happy to add these seven restaurants to our growing family of full-service dining concepts," said Villa Enterprises Management CEO Anthony Scotto. "This chain features a strong, recognizable brand in choice locations throughout the state and we're excited to invest in this concept as well as the employees and communities it supports."

In addition to its more than 300 quick service restaurant locations that feature brands such as Villa Fresh Italian Kitchen, Green Leaf's, South Philly Steak & Fries and others, Villa Enterprises also operates six full service restaurant entities that include George & Martha's American Grille in Morristown, The Black Horse Pub and The Black Horse Tavern in Mendham, Ristorante Il Forno in Warren, Villa Cafe in Morristown and Chatham, and MacKenzie's in Mendham.

"The management of Villa Enterprises looks forward to future announcements as we re-invigorate The Office brand and build on its history of quality and service as well as its reputation for a comfortable atmosphere and great casual dining," said Scotto.

ABOUT VILLA ENTERPRISES MANAGEMENT

Villa Enterprises Management Ltd., Inc. (and its affiliates, Villa Enterprises) is a global multi-concept restaurant franchisor with more than 300 quick service restaurant (QSR) locations across 38 U.S. states along with five additional countries.  Founded in 1964 by Naples, Italy native Michele Scotto as a small pizzeria next to the Ed Sullivan Theater in New York City, Villa Enterprises today is an international organization that owns several unique QSR brands: Villa Fresh Italian Kitchen, Villa Pizza; Green Leaf's; Bananas; Casa Java; Mo' Burger; Far East; and South Philly Steak & Fries.  These brands can be found in malls, airports, casinos, college campuses, and outlet centers across the U.S. and internationally.  Additionally, Villa Enterprises Management owns and operates several upscale full-service restaurants in the New York City Metro area.  For more information, please visit www.villaenterprises.com.

SOURCE Villa Enterprises Management Ltd., Inc.