An unknown buyer completed the acquisition of U-Swirl, Inc. owned cafés from U-Swirl, Inc..
June 30, 2014 at 05:00 am
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An unknown buyer entered into a tentative agreement to acquire three U-Swirl, Inc. owned cafés from U-Swirl, Inc. (OTCPK:SWRL) in May 2014. As of June 2014, U-Swirl, Inc. entered into a definitive agreement to sell these three cafés. U-Swirl, Inc. also received a deposit of $0.6 million from the buyer to secure the rights to acquire the assets through definitive agreement. U-Swirl, Inc. acquired these cafes as part of Yogli Mogli, LLC acquisition in January 2014.
An unknown buyer completed the acquisition of U-Swirl, Inc. owned cafés from U-Swirl, Inc. (OTCPK:SWRL) in the second quarter of 2014.
U-Swirl, Inc. is engaged in providing frozen yogurt. The Company offers U-Swirl Frozen Yogurt concept, which offers guests with a choice in frozen yogurt by providing an assortment of non-fat and low-fat flavors, including tart, traditional and no sugar-added (NSA) options and various toppings, including seasonal fresh fruit, sauces, candy and granola. The Company offers a menu to search for flavors, sort columns, and check nutritional information and ingredients. The Company offers Nonfat Frozen Yogurt, Original Tart Frozen Yogurt, Greek Nonfat Frozen Yogurt, Lowfat Frozen Yogurt, Premium Frozen Yogurt, NSA Frozen Yogurt, Frozen Custard and Non-Dairy Sorbet. As of August 31, 2015, the Company had nine Company-owned cafes and 243 franchised cafes. The Company's U-Swirl-n-Go Store franchises are limited-product stores within non-traditional locations, such as convenience stores, airports, hotels and other mass gathering areas. The Company's subsidiary is U-Swirl International, Inc.