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Jimmy Buffett
© AP
Jimmy Buffett sells restaurant chain
Nov. 29, 2012, 12:30 PM EST

WENN

Singer Jimmy Buffett is in line for a big payday after his themed restaurant chain was sold off for $11 million.

Bing: Guy Fieri responds to harsh restaurant review

In 2002, Buffett founded the Cheeseburger in Paradise company, inspired by his hit song of the same name, and it now has locations in 14 states.

He sold part of the chain to Paradise Restaurants Group LLC in 2009, but still received a portion of the profits, and he will now take a slice of the price paid by rival diner giant Luby's Inc., which has acquired the brand, according to Reuters.

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8Comments
iboutcasted32
Dec 1, 2012 2:41AM
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Help your long lost cousin from your mother's kin side....your rich parrothead!!!
iboutcasted32
Dec 1, 2012 2:40AM
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 How about spreading some cash this way!!! You are God's Own drunk....
carl severin
Nov 30, 2012 9:57AM
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I nominate J.B. for the next President 2016...A true business man and a friend of The People...PARROTHEADS​ ARISE!!!!!Cast your vote in Florida NOW..They may get it counted by 2017 ....

 

new 2 the tea party
Nov 30, 2012 9:04AM
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Getting out before the capital gains tax kicks in wiping out the posibility of making a profit.
Terry Baillargeon
Nov 30, 2012 8:40AM
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Good choices and good  decisions create good outcomes in life...even if the cheeseburgers aren't that good...alternately, inaction and no decisions create wailing and envious statements...Learn from a winner...
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