Whataburger May Be For Sale
Stop what you're doing and check this out because there is a chance that the burger chain we all know and love in Texas may be up for sale according to a story by Ryan Salchert of the San Antonio Business Journal and shared by WFAA.com.
Whataburger has hired the investment bank MorganStanley to explore a possible sale of the company. The San Antonio Business Journal shared a written statement from Whataburger that says, “Our company is growing and is always attractive to investors, and we’ve brought in Morgan Stanley to help us explore our options. We have always evaluated the opportunities that can accelerate growth and maintain the success of our brand, and we will continue to do so in the future.”
My initial reaction is "Oh No!" What if Whataburger decides to expand coast to coast across the nation? My own experience is that when chains expand all the little things we know and love about a restaurant go right out the window. Let this not be the case with Whataburger. On the other hand, there is no denying that In-And-Out burger is really trying to step on Whataburger's turf. Perhaps Whataburger wants to take the fight to them?
Reuters was first to share the news on May 6th suggesting that the Whataburger chain could go for as much as $6 billion dollars. Whataburger operates 827 locations in 10 states according to their website.
Time to ask the audience: