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Longtime Wendy’s franchisee Cedar Enterprises, led by central Ohio’s Karam family, has sold its 220 restaurants.
Dublin-based Cedar first bought Wendy’s franchises in 1976 and grew to become the third-largest franchisee in recent years with stores spanning the United States, from Seattle to New England.
The sale of Cedar’s stores occurred sometime during the second quarter, which ended July 2, and was brokered by Wendy’s.
Several companies bought the hundreds of stores, according to Wendy’s CEO Todd Penegor.
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