Printer Friendly

United States : GE Capital, Franchise Finance Provides $8.4 Million to BURGER KING(R) Franchisee, Ghai Management Services, Inc.

GE Capital, Franchise Finance is providing $8.4 million in financing to Ghai Management Services, Inc., a BURGER KING(R) franchisee based in Fremont, California. The funds will be used to acquire eight BURGER KING fast food restaurants. Financing was provided through the GE Capital, Franchise Finance bank affiliate, GE Capital Financial Inc.

"Having worked with Ghai Management Services since 2001, our strong relationship greatly facilitated the timely closing of the acquisition financing," said Allen Johnson, vice president of GE Capital, Franchise Finance.

Including the new units, Ghai Management Services now owns and operates 24 BURGER KING fast food restaurants in Northern California and Southern Oregon.

"We've done numerous deals with GE Capital. We trust them, and know the job will get done on time," says Sunny Ghai, president of Ghai Management Services.

Ghai Management Services is a family operation. Sunny Ghai's son, Harsh, has been looking for investment opportunities to help grow their portfolio.

"Establishing a strong relationship with GE Capital provides us with a proven source of capital to support our plans to grow the BURGER KING brand in our markets," says Harsh Ghai, director of operations of Ghai Management Services.

BURGER KING operates more than 12,000 restaurants worldwide. Approximately 90 percent of BURGER KING restaurants are owned and operated by independent franchisees.

Copyright : Euclid Infotech Pvt. Ltd.

Provided by an company
COPYRIGHT 2010 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Jul 27, 2010
Previous Article:United States : I-475 construction project to take years for completion.
Next Article:United States : Drill Hole CAR-009 Intersects 171.8 Meter.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters