*The international Fuddruckers restaurant brand now has a new owner in the form of Nicholas Perkins, a graduate of both Howard University and Fayetteville State University.
Perkins now wholly owns all 92 of the company’s restaurants in the United States, Canada, Panama, and Mexico, after closing the deal for approximately $18.5 million through his affiliate, Black Titan Franchise Systems LLC. He was formerly one of the company’s largest franchisees and never dreamt he’d once own the company.
“I always wanted to become a part of this iconic brand,” he stated to Essence. “I just didn’t realize that one day I’d end up owning it.”
Perkins was born in Fayetteville, North Carolina. He obtained his Bachelor of Science degree in Business Administration and Management and an honorary doctorate from Fayetteville State University, an HBCU. Later, he joined Howard University – another HBCU – for his Master of Business Administration degree.
He founded Perkins Management Company in 2004. This allowed him to mix his business skills and the love for cooking he had always cherished since he was a kid growing up with his mother and grandmother.
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Perkins strongly believes Fuddruckers under his stewardship will take the ‘World’s Greatest Hamburgers’™ to higher places. He plans to expand the brand from the current 92 locations to more. The brand had over 500 locations in the 90s and early 2000s.
“Our strategy long term will be to grow our franchise operations individually, to bring in new franchisees both internationally and domestically as well as looking to find strategic marketing partnership opportunities to be able to grow and sustain the brand long term,” Perkins said.
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