---
title: "Red Robin completes sale of 108 company-owned restaurants"
url: https://burnaze.com/article/29c403d0-b961-4f2a-88c3-6b6e2886b533
source: "Franchise Magazine USA"
original_url: https://franchisemagazineusa.com/red-robin-refranchises-108-restaurants/
author: "David Gibb"
category: "Restaurants"
industry: "Restaurants"
topics: ["Finance & M&A"]
published: 2026-09-02T12:00:46.000Z
modified: 2026-10-31T21:43:53.710Z
image: https://franchisemagazineusa.com/wp-content/uploads/2026/09/group-redr-robin-royalty.jpg.webp
---

# Red Robin completes sale of 108 company-owned restaurants

**TL;DR:** Red Robin has completed the sale of 108 company-owned restaurants to three separate buyers, generating roughly $89.4 million. The sales are part of Red Robin's 'First Choice' plan to drive shareholder value and strengthen its balance sheet.

*By David Gibb, originally published in Franchise Magazine USA on 2026-09-02. [Read the original](https://franchisemagazineusa.com/red-robin-refranchises-108-restaurants/).*

## Story

Red Robin Gourmet Burgers, Inc., the casual dining chain better known as simply “Red Robin,” Tuesday announced it is nearing completion of a massive refranchising project. Since May, the company has sold 108 of its company-owned restaurants to three separate buyers: Ops Burgers, LLC, Kuber LLC of both Washington and Oregon, and Evergreen Dining LLC.

The sales have generated roughly $89.4 million for Red Robin and are part of their larger “First Choice” plan focused on driving shareholder value. Eight further restaurant sales are expected to close by the end of the fiscal year, bringing the total value of the refranchising push to around $96.6 million.

“Our talented team has made incredible progress in the execution of our First Choice Plan over the past year, and the completion of these refranchising agreements is a critical next step in strengthening our balance sheet as we position our business for sustainable, long-term growth,” said Dave Pace, President and Chief Executive Officer of Red Robin. “Each of these seasoned operators shares our hospitality-first mindset and brings the resources needed to accelerate growth across these markets, while continuing to deliver an exceptional guest experience. Importantly, these transactions will advance our efforts to refinance our existing debt and increase our financial flexibility.

We are confident these operators will be strong partners who can help each location unlock its full potential for the benefit of our guests, team members and investors.”

Moving forward, Ops Burgers will own and operate 69 Red Robin locations across Kentucky, Indiana, Maryland, Ohio, North Carolina, Pennsylvania, South Carolina, and Virginia. As their name implies, Ops Burgers are experienced multi-unit restaurant franchisees who already understand both the restaurant industry and the franchising space well.

Kuber will run 17 restaurants based in Oregon and Washington. They’re led by Aman Sharma, a proven franchise operator in the hospitality and food services industries who has scaled a variety of brands across multiple states.

Evergreen Dining has acquired 30 restaurants in Washington and Western Idaho. Its company principals have operated more than 100 restaurants spanning several national brands over the last three decades.

All three franchisees expressed enthusiasm at partnering with Red Robin. “We are ready to roll up our sleeves and help the Red Robin team solidify its position as the First Choice in communities across Washington and Idaho and continue growing the business for years to come,” said a representative of Evergreen Dining in a joint announcement.

## Entities

- Franchise Magazine USA (publication)
- Finance (sector)
- Red Robin (company)
- David Gibb (person)
- restaurant sales (topic)
- refranchising (topic)
- Dave Pace (person)
- Evergreen Dining LLC (company)
- shareholder value (topic)
- Evergreen Dining LLC acquisition of Red Robin (deal)
- Aman Sharma (person)
- Ops Burgers, LLC (company)

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Originally reported by David Gibb, Franchise Magazine USA (https://franchisemagazineusa.com/red-robin-refranchises-108-restaurants/). Summarized by Burnaze (https://burnaze.com/article/29c403d0-b961-4f2a-88c3-6b6e2886b533).