SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Executive Decisions Group Inc. (EDGI) today announced that the company has acquired The Lost Cajun, a popular family restaurant franchise concept focused on authentic Cajun cuisine served with traditional Southern hospitality. The deal marks EDGI’s first direct acquisition.
The Lost Cajun Enterprises acquisition, which closed on April 15, 2022, includes The Lost Cajun Enterprises franchise system, The Lost Cajun location in Slidell, LA (which will continue to be owned by the company), and The Lost Cajun Spice Company , through the new subsidiary Happy Cajun Hospitality, LLC. The purchase brings EDGI’s annualized revenue to over $50 million per year.
“We recognized something special about The Lost Cajun and are excited to dedicate our time, talents and resources to growing this popular family restaurant franchise and introducing it to a new and expanded customer base. over the next few years,” Robert said. Stidham, founder and CEO of Summa Franchise Consulting.
EDGI is best known for its business Summa Franchise Consulting, an award-winning franchise consulting firm specializing in advising franchise businesses of all types every step of the way, from emerging concept to lasting success. Based in Arizona, Summa does about 40% of its business in the restaurant business.
“EDGI and its relationship with Summa has given us a fantastic opportunity to grow the business, while preserving what makes The Lost Cajun so authentic,” said Raymond Griffin, Founder of The Lost Cajun. “I look forward to continuing to be a part of the brand and seeing it grow under Robert’s leadership, especially given his proven track record in the franchise world.”
Founded in 2010 and franchised since 2015, The Lost Cajun has 24 restaurants in seven states. Griffin will remain with Happy Cajun Hospitality as an advisor and consultant for The Lost Cajun brand.
“We are committed to honoring Griff’s original vision for The Lost Cajun by preserving the traditional culture of Southern hospitality and authentic Cajun cuisine he has built and perfected over the past 12 years,” Stidham said.
EDGI is also the second-largest investor in The Homecare Advocacy Network, an investor in multiple Thrive Healthcare franchises, and owner of the Orange County territory for Season 2 Consign. Other EDGI and affiliate businesses include franchise consultants, developers, investors, franchisors and franchisees.
About Summa Franchise Consulting
Summa Franchise Consulting is an award-winning franchise consulting firm based in Arizona. Robert Stidham is the founder and CEO of Summa Franchise Consulting (“Summa” is Latin for “total”), which advises franchise businesses in all industries every step of the way. In 2021, it won the coveted “Contribution to International Franchising” Lifetime Achievement Award, and Global Franchise previously named Summa Franchise Consulting as a 2020 “Highly Commended” consulting firm in the Global Consulting category.
About The Lost Cajun
Founded in 2010 and franchised since 2015, The Lost Cajun is a family restaurant concept focused on authentic Cajun cuisine served with traditional Southern hospitality. For more information, visit www.thelostcajun.com.