Restaurant Brands Buys Firehouse Subs for $ 1 Billion | The Canadian News

TORONTO – Restaurant Brands International Inc. says it will buy US fast food chain Firehouse Subs for $ 1 billion.

The Toronto-based company behind Tim Hortons, Burger King and Popeyes says the sandwich restaurant is a strong and growing player in the quick-service restaurant industry, with substantial long-term growth potential.

It says Firehouse Subs has tripled its restaurant presence to roughly 1,200 locations since 2010, while its system-wide sales have quadrupled to an estimated $ 1.1 billion expected by 2021.

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Restaurant Brands says Firehouse Subs benefits from a strong family of franchisees who own and operate 97 percent of the brand’s restaurants in 46 US states, Canada and Puerto Rico.

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The sandwich chain was founded in Jacksonville, Florida, in 1994 by brothers and former firefighters Chris Sorensen and Robin Sorensen.

Restaurant Brands CEO José Cil says that Firehouse Subs is a special brand with a talented team, impressive culture, and a community approach that resonates with guests.

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