	horn hardart hor unit disposes restaurants horn and hardart co said it disposed of bojangles chicken n biscuits restaurants in florida as part of its previously announced retrenchment of its bojangles subsidiary terms were not disclosed the company said the restaurants in orlando tampa and jacksonville markets have incurred the majority of bojangles operating losses over the last two years due to the transaction horn and hardart is projecting a positive cash flow for the unit for the remainder of fiscal a spokesman said the disposition consists of a combination of sale lease and re franchise agreements the transaction involves one quarter of the company owned bojangles restaurants and is in accordance with its restructuring program announced in october a spokesman said the company is considering the sale or spinoff of the company owned additional restaurants which are profitable the company said the disposition will result in no profit or loss for the company because the costs were anticipated in a mln dlr reserve taken in the third quarter of the foodservice division which includes burger king arby s and tony roma s had a pre tax operating loss of mln dlrs in including the mln dlr charge to restructure bojangles excluding bojangles the group had revenues of mln dlrs the company said that pursuant to the restructuring it has cut general and administrative expenses attributable to bojangle by pct reuter 
