The burger chain “Hans im Glück” is to be sold for a purchase price of more than 25 million euros. The company confirmed the negotiations. The interested parties are no strangers.
The burger chain “Hans im Glück” is to be sold. The company is in negotiations with the founders of the bakery chain “Backwerk” and a minority partner in “Hans im Glück”. The company announced on Monday at the request of t-online.de and thus confirmed a corresponding report of the “Handelsblatt”.
“The discussions are on an equal footing, intensive and very trusting,” said company founder Thomas Hirschberger in a press release. He wanted to sell his 90 percent stake in the company to some new shareholders. Everything should be brought “under one roof” this week.
The company denied financial problems reported by the “Handelsblatt”. With more than 147 million euros in external sales, the company had a record year in 2019. In the previous year, the company had sales of 120 million euros. Despite the strong expansion, “Hans im Glück” ended with an operating profit.
Companies in a “critical liquidity situation”?
The “Handelsblatt”, however, quoted from internal papers, according to which the company was in a “critical liquidity situation”. The commercial department is in a “catastrophic condition”.
According to “Handelsbaltt”, the final purchase price after deducting debts is around 26 million euros. To do this, Hirschberger still had to make commitments. Specifically, it is about million payments to three managing directors and payments to franchisees. The company did not want to comment on the purchase price.
Backwerk founders are potential buyers
The new owners of the burger chain are therefore the founders of the bakery chain “Backwerk”, Dirk Schneider and Hans-Christian Limmer. “Hans im Glück” minority owner Gerd Bühler remains on board as the owner. According to the company, the new and old owners want to continue to drive the chain’s expansion to date.
The company “Hans im Glück” has existed since 2010. There are currently around 90 restaurants in Germany. In 2015, the termination of a franchisee by “Hans im Glück” caused a sensation, who subsequently renamed his restaurants “Peter Pane”.
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