Red Robin to buy 18 franchises for $47.5M, with $4M sales kicker

GREENWOOD VILLAGE Colo. Red Robin Gourmet Burgers Inc. said its Red Robin International Inc. holding has agreed to buy 18 franchises of the parent company's namesake casual-dining concept for $47.5 million in cash from Top Robin Ventures Inc. and Morite, both of California. The would-be buyer has already agreed to sweeten the deal with an additional $1 million payment because of the stores' sales performance during the January-through-March period, according to the announceme

Register to view the full article

Register to view this article

Already a member? .

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish