Mickelson Looks to Buy Waffle House Franchise

Phil Mickelson has made a bid for SouthEast Waffles, a group of 105 Waffle House restaurants in four southern states, the Tennessean reports. Mickelson’s GS Acquisitions offered to buy SouthEast Waffles out of bankruptcy for $20.2 million. Though neither Mickelson nor his two other partners at GS have any restaurant experience, the trio thinks the low-cost chain is a good investment.

"We think in these economic times, they will fare well," said one GS partner.