Mimi's Cafe sale pending

Bob Evans Farms Inc. announced the sale of its Mimi's Cafe restaurant chain to Dallas-based LeDuff America Inc.

Mimi's Cafe is a French-inspired casual dining restaurant with 145 locations in 24 states, including a restaurant at the Pinnacle Promenade in Rogers.

The purchase price for the transaction is $50 million, consisting of $20 million in cash and a note for $30 million, subject to customary purchase price allocations and adjustments as of closing. The transaction is expected to be completed within the next 45 days.

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LeDuff’s restaurant portfolio consists of La Madeleine Country French Cafe, Brioche Doree, Bruegger's Bagels, Timothy's Coffee and Michel's Baguette. 

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