MADISON Ga. Bankrupt Avado Brands Inc. has completed the sale of 41 Don Pablo’s restaurants and seven Hops brewpubs to Rita Restaurant Corp., the newly formed operating company of Avado lender DDJ Capital Management LLC. The terms were not disclosed.
The new owner said it is looking at the possibility of franchising the brands.
Members of Avado’s management have apparently moved to Rita, which indicated that it would continue to operate the outlets