Dallas seafood restaurant Spoon is changing hands. Its funding agent, CapRock Services, signed a letter of intent to sell the John Tesar spot to Chanticleer Holdings. CapRock called the sale "a fantastic opportunity."
"Chanticleer is a perfect fit for our future strategic plans around the Spoon brand," said CapRock president Joe Womack in a release. "With our extensive expertise in operational and financial management, and Chanticleer’s financial strength and successful track record in the development of restaurant concepts, we see a bright future between the two groups."
According to the release, Chanticleer, in conjunction with CapRock and Tesar, plans to open additional seafood concepts in Dallas. CapRock will continue to provide its core services and day-to-day management for each of the new locations, while Tesar will continue to serve as the creative and culinary force behind the brand.
In a statement to SideDish, Tesar says that Spoon will not change other than its future is secure. "I am now owned and own part of a publicly traded company which hopes to create quality seafood restaurants for a new generation of seafood lovers," he says.
The release says that Chanticleer and CapRock will expand further and are "searching for growth concepts with three to 10 units" to beef up Chanticleer's restaurant portfolio.