Houston-based Luby’s has agreed to acquire Paradise Restaurant Group, operators of Cheeseburger in Paradise, a full-service restaurant and bar concept developed in collaboration with musician Jimmy Buffett.
The Houston Chronicle reports Luby’s announced this week it paid about $11 million in cash and will operate 23 Cheeseburger in Paradise restaurants in 14 states, all outside of Texas. Revenues for those locations last year exceeded $50 million.
Luby’s operates 93 Luby’s cafeterias, 62 Fuddruckers and other restaurants. Luby’s also has 121 Fuddruckers franchise locations.
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