Norris McLaughlin Assists Mamoun’s Falafel in Acquisition Deal to Add Three More New Jersey Locations
Posted on January 5th, 2021
The law firm of Norris McLaughlin, P.A., is pleased to announce that Mamoun’s Falafel, a family-owned and operated restaurant chain, has closed a deal to acquire three new locations in New Jersey from a franchisee.
“As a long-time client of ours, we were happy to help Mamoun’s successfully acquire these sites to help them grow. We know that the current pandemic has hit a lot of restaurants, so to be able to exceed expectations is both exciting and humbling,” said James H. Laskey, a Member of the firm who was the main working attorney and lead counsel on this deal.
About Mamoun’s New Jersey Restaurant Franchise Acquisition
Norris McLaughlin represented Mamoun’s Falafel in its acquisition of three locations in East Rutherford, New Brunswick, and Paramus, New Jersey, previously operated by a franchisee. After about two-and-a-half months, the transaction closed on December 16, 2020. The terms are private.
“My brothers and I are very excited about the purchase of the New Brunswick, East Rutherford, and Paramus Mamoun’s locations. Our commitment to serving quality middle eastern food and excellent guest service has been part of the brand’s DNA since my father started Mamoun’s in 1971. We are thrilled to elevate the experience for guests in all of these restaurants,” said Hussam Chater, CEO of Mamoun’s Falafel.
Other Mamoun’s corporately-owned locations include Princeton and Hoboken in New Jersey, as well as two in New York City, which includes the original location on MacDougal Street established by Mamoun himself in 1971. They have an affiliate location in Connecticut and franchise locations in Philadelphia and Atlanta. Mamoun’s has served high-quality, authentic Middle Eastern food since 1971, making it the oldest falafel restaurant in New York and one of the first Middle Eastern establishments in the United States.
About Norris McLaughlin’s Mergers & Acquisitions Practice Group
The Norris McLaughlin mergers and acquisitions attorneys have structured, negotiated, and closed numerous U.S. and international transactions ranging from small-scale to complex multi-million-dollar deals. The firm’s attorneys have vast experience in all aspects of such corporate transactions, including asset and stock sales, statutory mergers, tax-structured transactions, corporate reorganizations, tender offers, leveraged buyouts, LLC and limited partnership interest exchanges, financing arrangements, due diligence investigation, governmental approvals and clearances, and international transactions.
Our dedicated business law attorneys can also assist with the analyses of tax, securities, labor, employee benefits, antitrust, real estate, intellectual property, environmental, and other legal issues related to mergers and acquisitions. More than 30 business law attorneys spend all or most of their time in several disciplines within the field of business law. As a result, we have enough diversity of talent and bench strength to form teams of cross-functional attorneys, striving to create the right blend of general competence and expertise that are best situated to address our clients’ needs promptly, efficiently, and creatively.
As experienced advisors, our attorneys ensure that each client has the proper structure in place to guide them on what they can expect and what investors will expect before a client meeting with any potential investor. We take a unique approach in the early stage of company relationships, in that each client can expect a single partner to be responsible and accountable for that relationship. Recognized by clients as their trusted advisors and virtual business partners, our attorneys deliver efficient and practical legal counsel, supporting each client’s needs with an eye on their bottom line and what’s best for their future.