Op Burgers leads the acquisition, purchasing 69 units across eight states including Kentucky, Indiana, and Pennsylvania for $62.5 million. Simultaneously, Kuber Oregon and Kuber Washington will take over 17 units in the Pacific Northwest for $10 million. These outlets will retain the Red Robin brand identity under their new management, ensuring continuity for customers despite the ownership change.
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Red Robin Offloads 86 Restaurants to Slash Debt
Red Robin Gourmet Burgers is shedding 86 company-owned locations in a $72.5 million refranchising deal, a strategic pivot aimed at stabilizing the chain’s balance sheet. The move, involving two separate operators, signals a broader effort to reduce outstanding debt as the restaurant group shifts toward a more asset-light model.
This divestment follows a separate agreement last month to refranchise 30 additional locations to Evergreen Dining. Chief Executive Dave Pace identified these transactions as a vital step in fortifying the company's financial foundation. With the deals expected to close in the second half of 2026, the company plans to use the capital to satisfy refinancing priorities and eventually revise its financial guidance.
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