Investor Group to Acquire Blimpie <b></b>

Oct 22, 2001

Share

Atlanta-Sandwich chain Blimpie International Inc. agreedto be sold to a private investor group headed by Blimpiesubfranchisor Jeffrey Endervelt. According to terms of the deal,the investor group will purchase Blimpie's outstanding 9.2million shares of common stock for a cash purchase price of $2.80per share, or about $25.8 million. The company operates BlimpieSubs & Salads, Smoothie Island, Pasta Central and Maui Tacosstores. -Nation's Restaurant News

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Steve Jobs' 3 Public Speaking Power Moves Remain Just as Relevant Today, 13 Years After His Final Keynote at the Apple Developers Conference
I Blocked a Toxic Childhood Friend and It Taught Me an Important Lesson About Managing People
10 of the Biggest Business Blunders in 2024 (So Far)
'I've Never Regretted Leaving the Corporate World Behind': This Former Lawyer Now Makes Six Figures on YouTube — Here's How
5 Ways to Fix Your Lack of Inspiration
'Unpredictability in Various Forms' — How Franchisees Can Adapt and Protect Themselves From Election Year Uncertainty

Most Popular

Starting a Business

Spend Less Time Worrying About Your Company's Runway — And More Time Rethinking Your Strategy. Here's How.

Perceived short runways leave founders in angst. It does not have to be this way; the best way to extend the runway is the right strategy.

By Adam Horlock

Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."

Business News

Disney World Concession Prices Have Gone Up 60% Over the Past Decade — Including Two Fan Favorite Sweet Treats That Have Skyrocketed in Price

A new report from Finance Buzz is shedding light on the price of treats in the park.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Innovation

The Key to Real Innovation Is Cross-Pollination — Here Are 10 Ways to Implement It in Your Business

Transform your business with this unique approach to sparking innovation.

Business Models

5 Questions to Ask to Make Sure Your Company's Financial Plan Is on Track

Conducting a "check-up" at midyear is essential to maintain a healthy financial plan.

By Matt Gardner