Bennigan's Signs with Big Franchisees

The Dallas-based diner chain Bennigan's was all but done five years ago, filing for bankruptcy and shuttering its locations along with many franchisees' locations. It survived, however, and is starting to climb back with its latest developments.

Aslam Khan, CEO of Falcon Holdings, has signed on to build five Bennigan's in Texas and Florida. Khan is known for operating some 200 Church's restaurants as a franchisee. He cited Bennigan's business model as a positive, stating that the chain has a "unique formula" that appeals to him.

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Other franchisees include David and Melissa Hunt, who are foodservice and hotel owners. They will also open five locations, planned for Tennessee.

Bennigan's recent growth, nearing 100 units, has come on the back of international expansion. The recent deals signal that the chain may be coming back in America, a sign of better times to come.