Red Robin Sells 108 Restaurants for $89.4M
Red Robin Gourmet Burgers has completed the refranchising of 108 corporate-owned locations to three multi-unit operators for $89.4 million to reduce company debt.
· Franchise Wire· September 3, 2026
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Alexandrite Management
Alexandrite Management is a investor in Burnaze's franchise knowledge graph, mentioned since 2026. 5 stories link here, each summarized from the original publisher.
Red Robin Gourmet Burgers, Inc., Completes Sale of 108 Restaurants for $89.4 Million
(NASDAQ: RRGB) ("Red Robin" or the "Company"), a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced that it has completed the s
· Franchising.com· September 2, 2026
Red Robin refranchises 86 units for $72.5M
Since May, the chain has entered three agreements to offload over 100 restaurants to franchisees as it works to raise capital to pay down debt.
· Restaurant Dive· June 16, 2026
More big refranchising deals from Red Robin
Red Robin Gourmet Burgers announces refranchising agreements, selling 86 company-owned locations for $72.5 million.
· Franchise Magazine USA· June 16, 2026
Red Robin Gourmet Burgers, Inc. Announces Two Additional Refranchising Agreements
Under the terms of the agreements and following closing, the new franchisees will acquire and operate restaurants in the following markets:
· Franchising.com· June 16, 2026