RED ROBIN GOURMET BURGERS, INC. ANNOUNCES TWO ADDITIONAL REFRANCHISING AGREEMENTS
Red Robin announced two additional refranchising agreements to sell 86 company-owned restaurants for $72.5 million. Op Burgers, LLC will acquire 69 units in the Midwest and Southeast for $62.5 million, while Kuber entities will acquire 17 units in the Pacific Northwest for $10 million.
Key figures
- Deal Value Usd
- 72500000
- Units sold
- 86
- Kuber price
- 10000000
- Kuber units
- 17
- Evergreen units
- 30
- Op burgers price
- 62500000
- Op burgers units
- 69
- Total refranchise value
- 96000000
AI analysis
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