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Mickelson Looks to Buy Waffle House Franchise

Golfer's company makes $20.2 million offer for budget restaurant chain

By Nick McMaster, Newser Staff

Posted Jul 23, 2009 6:08 PM CDT

(Newser) – Phil Mickelson has made a bid for SouthEast Waffles, a group of 105 Waffle House restaurants in four southern states, the Tennessean reports. Mickelson’s GS Acquisitions offered to buy SouthEast Waffles out of bankruptcy for $20.2 million. Though neither Mickelson nor his two other partners at GS have any restaurant experience, the trio thinks the low-cost chain is a good investment.

"We think in these economic times, they will fare well," said one GS partner.

Fans line up to see Kid Rock at the Waffle House restaurant in Duluth, Ga., in 2008. (AP Photo/Stanley Leary)

In this June 21, 2009, file photo, Phil Mickelson looks on during the third round of the U.S. Open Golf Championship at Bethpage State Park's Black Course in Farmingdale, N.Y. (AP Photo/Morry Gash)

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Mickelson Looks to Buy Waffle House Franchise

Golfer's company makes $20.2 million offer for budget restaurant chain

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N. Ireland's Clarke Hangs on to Win British Open

Phil Mickelson had given chase

Tiger, Lefty, Ernie Fall Short at US Open

Graeme McDowell takes top honors

Woods Thanks Fans for Support

Golfer blogs about Masters, thanks spectators

Tiger 4th as Mickelson Wins

Crowd lifts Lefty as Woods slumps in return to competition

Rolling Stone Gets Into Restaurant Biz

Hollywood lounge plans to outclass Hard Rock; chain possible

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Mickelson Looks to Buy Waffle House Franchise

Golfer's company makes $20.2 million offer for budget restaurant chain

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OTHER STORIES ON OUR RADAR

golf • Phil Mickelson • bankruptcy • acquisition • restaurant industry • restaurant chain • Waffle House

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

N. Ireland's Clarke Hangs on to Win British Open

Phil Mickelson had given chase

Tiger, Lefty, Ernie Fall Short at US Open

Graeme McDowell takes top honors

Woods Thanks Fans for Support

Golfer blogs about Masters, thanks spectators

Tiger 4th as Mickelson Wins

Crowd lifts Lefty as Woods slumps in return to competition

Rolling Stone Gets Into Restaurant Biz

Hollywood lounge plans to outclass Hard Rock; chain possible

About Us

Site

Newser By Users

Community

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What is Newser?