Englewood, Colo. — Red Robin Gourmet Burgers, Inc. has completed most of its refranchising transactions as previously announced on May 28 and June 15, 2026. Across three separate transactions, the company sold 108 company-owned units for approximately $89.4 million in gross proceeds. The sale of eight additional restaurants under one of the transactions is expected to close by the end of Red Robin’s 2026 fiscal year and generate approximately $6.6 million, bringing the total proceeds across all three transactions to approximately $96 million from the sale of 116 restaurants, consistent with the terms previously disclosed.
Under the terms of each agreement, each of the experienced multi-unit restaurant operators has begun operating restaurants in the following markets under the same Red Robin brand guests have trusted for almost six decades:
• Op Burgers, LLC is acquiring 69 restaurants based in Kentucky, Indiana, Maryland, Ohio, North Carolina, Pennsylvania, South Carolina and Virginia for $62.5 million. The acquisition of 61 restaurants for $55.9 million has closed, with the remaining eight restaurants expected to close by fiscal year end, pending the transfer of applicable liquor licenses, for additional proceeds of $6.6 million…