
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.
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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.

Red Robin has completed the sale of 108 company-owned restaurants to three separate buyers.
(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

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.

Red Robin Gourmet Burgers announces refranchising agreements, selling 86 company-owned locations for $72.5 million.
Under the terms of the agreements and following closing, the new franchisees will acquire and operate restaurants in the following markets: