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DAKA INTERNATIONAL, INC. ACQUIRES SIX FUDDRUCKERS RESTAURANTS

 DANVERS, Mass., May 10 /PRNewswire/ -- DAKA International, Inc. (NASDAQ: DKAI), reported that Fuddruckers, Inc., a wholly owned subsidiary, acquired six Fuddruckers restaurants, located in the Atlanta and Birmingham, Ala., markets, from a franchisee for a purchase price of approximately $4.8 million, substantially all of which was paid in cash. The acquired restaurants generate annual sales of approximately $8 million.
 The company believes that the Atlanta and Birmingham markets are high growth markets and provide significant opportunities for additional company-owned restaurants.
 The acquisition of the six restaurants brings the total number of company-owned units to 61, including two new restaurants, opened earlier this month, in Houston and Fairfax, Va.
 DAKA International, Inc. owns Fuddruckers, Inc. which operates or franchises 140 restaurants in the United States, Canada, Mexico and Argentina, and Daka, Inc. a leading contract foodservice company in the United States serving over 450 foodservice locations.
 -0- 5/10/93
 /CONTACT: Louie Psallidas, corporate controller, DAKA International, 508-774-9115/
 (DKAI)


CO: DAKA International, Inc. ST: Massachusetts IN: FOD SU: TNM

DJ -- NE014 -- 6573 05/10/93 14:44 EDT
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Publication:PR Newswire
Date:May 10, 1993
Words:178
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