MTY has signed an agreement to acquire the assets of Allô! Mon Coco.
The Allô! Mon Coco network currently has 39 franchised restaurants in operation— 38 restaurants are located in Quebec and one in Ontario. The network has generated approximately $57 million in system sales in the last 12 months.
CEO of MTY, Eric Lefebvre, said, “MTY is very excited to have the opportunity to add another young, dynamic and distinctive breakfast chain to its portfolio,” said MTY’s CEO Eric Lefebvre. “Allô! Mon Coco has had great success in the past and it has great potential for further growth in the future.”
The deal includes the trademark for the world except the United States. As part of the deal, MTY obtains a right of first refusal should the owners of the trademark for the United States decide to sell it.