Six local Golden Corral restaurants and 13 other Golden Corral locations in Indiana have changed hands under a sale announced Thursday.
Cincinnati-based Frisch's Restaurants Inc. on Thursday said it would sell the Indiana locations as well as locations in Ohio, Kentucky, West Virginia and Pennsylvania to Golden Corral Franchising Systems Inc. The Raleigh, N.C.-headquartered company exercised its right of first refusal under a contract negotiated between Frisch's and Atlanta-based NRD Holdings LLC earlier this month.
Publicly held Frisch's said terms will be disclosed after the close of the transaction, which is expected prior to the May 29 end of its fiscal year.
Local locations are in Greenwood, Noblesville and Plainfield, and in Indianapolis on east, north and west sides.