Dive Brief:Gen Restaurant Group has received a letter of intent from a multi-concept restaurant operator interested in buying Gen Korean BBQ, a 59-unit casual dining chain, for $100 million, according to a Monday press release. Gen Restaurant Group would maintain control of its growing consumer packaged goods business if it agreed to the sale proposal in the letter. Dive Insight:The deal would maximize the value of Gen's restaurant business, according to the press release, while helping the brand's parent company strengthen its balance sheet by offloading long-term liability attached to its restaurant division. Selling off its restaurant business would allow the company to focus on its CPG business. "CPG growth is exponential; restaurant growth requires heavy capital investment in every new location, with significant risk," Kim said.