PR Newswire·Sep 1, 2026, 4:05 PM ET

RED ROBIN GOURMET BURGERS, INC., COMPLETES SALE OF 108 RESTAURANTS FOR $89.4 MILLION

Red Robin completed the sale of 108 company-owned units across three transactions for approximately $89.4 million in gross proceeds.
Eight additional restaurants are expected to close by the end of the 2026 fiscal year, generating $6.6 million in proceeds.
Total proceeds from the sale of 116 restaurants are expected to reach approximately $96 million.
Op Burgers, LLC acquired 61 restaurants in Kentucky, Indiana, Maryland, Ohio, North Carolina, Pennsylvania, South Carolina, and Virginia for $55.9 million, with 8 more pending closure for $6.6 million.
Kuber Oregon LLC and Kuber Washington LLC acquired 17 restaurants in Oregon and Washington for $10 million.
Evergreen Dining LLC acquired 30 restaurants in Washington and Western Idaho for $23.5 million.
Net proceeds will be used to pay down outstanding debt and support refinancing priorities outlined in the First Choice Plan.
The refranchising agreements allow experienced multi-unit operators to continue operating locations under the Red Robin brand.
Dave Pace, President and CEO, stated the transactions strengthen the balance sheet and enhance financial flexibility for sustainable growth.