Champps 'Zees in Minnesota Told to Get a New Name
The new sign was flapping in the wind this week at the 7th Street Tavern in St. Paul, Minnesota: Same Owner, New Name, it said.
The restaurant was a Champps, a franchised chain, until new owner Cerberus Business Finance told franchisees in Minnesota and elsewhere to stop using the brand as of this June.
Dan Greenberg, who bought the St. Paul location in 1998, took the order in stride. He’s having to spend “tens of thousands” of dollars on “new signage, new uniforms, new everything,” he says, although he points out he’s now saving money that used to go to royalties.
The former parent company of Champps Entertainment, F&H Acquisition, filed for bankruptcy protection in December 2013, then sold to Cerberus in February. “Cerberus—they don’t want franchisees anymore,” Greenberg said. “They want to concentrate on their corporate stores,” which now number about 30, half the former total.
Read the full story in the August issue of Foodservice News, Franchise Times’ sister publication.