TowerStar sells Main Line's Bagel Factory
The Beccattini family's TowerStar Corp. has sold its Bagel Factory restaurants in Berwyn, Wayne, Bryn Mawr, Springfield and Center City to Sun Capital Partners Inc.'s Vermont-based bagel chain, Bruegger's, for an undisclosed price
The Becattini family's TowerStar Corp. has sold its Bagel Factory restaurants in Berwyn, Wayne, Bryn Mawr, Springfield and Center City to Sun Capital Partners Inc.'s Vermont-based bagel chain, Bruegger's, for an undisclosed price.
Fernando Becattini Jr. said his father, a University of Alabama research scientist turned medical equipment dealer, invested with a partner in the first restaurant, in Berwyn, 19 years ago, but the deal quickly went sour and he became a proprietor to protect his investment.
The Bryn Mawr store became a Villanova student hangout; the Berwyn store is a landmark in a town known more for its wealthy population than its modest retail district.
Sun Capital also owns Boston Market Inc. and Friendly's Ice Cream. Beccattini said the local stores will keep their name. TowerStar will concentrate on its hotel properties, including local Marriott Courtyards and Residence Inns.