ORLANDO, Florida. – Keke’s Breakfast Cafe, a Florida-based breakfast restaurant chain, was sold to Denny’s Corporation.
Denny’s announced Tuesday that it has signed a definitive agreement to acquire Keke’s Breakfast Cafe for $82.5 million. The deal includes 52 Keke’s restaurants – eight company-owned restaurants and 44 franchise restaurants, according to an online press release.
The transaction is expected to close in the second fiscal quarter of 2022.
Denny’s added that the Florida restaurant concept would “operate independently of Denny’s with its own leadership, strategy, product, marketing, operations and development initiatives.”
“Keke’s is a high-growth brand that aligns well with our core competency while providing us with the opportunity to compete in the fast-growing AM restaurant segment,” Denny’s CEO John Miller said in a statement. . “We intend to use the proven capabilities of our franchise-driven business model to expand Keke’s into multiple states with the long-term goal of becoming the franchisor of choice for AM restaurants.”
Keke’s opened its first restaurant in 2006 and has over 50 restaurants throughout Florida. The menu highlights a variety of breakfast staples, including waffles, pancakes, French toast, and omelettes.