Red Robin Generates $31 Million from Sale-Leaseback Transaction
Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today announced it completed a second Sale-Leaseback transaction with Essential Properties Realty Trust, Inc. to sell and simultaneously lease-back nine owned properties. The transaction generated gross proceeds of approximately $31 million. The Company anticipates […]
Chicken N Pickle Raises $10 Million from Family and Friend Investors
Chicken N Pickle, the country’s premier indoor/outdoor entertainment complex with a casual, chef-driven restaurant, sports bar, pickleball courts and a variety of yard games, has successfully raised $10 million from friends and family investors to support national expansion plans. Investors in this round include long-time Chicken N Pickle supporters Chiefs’ quarterback Patrick Mahomes and tight end […]
Argonne Capital Group Completes Recapitalization of Major IHOP Operator
Argonne Capital Group, LLC announced the completion of two recapitalizations and added to its executive ranks as the firm institutionalizes and seeks to propel future growth. Argonne Capital Group, LLC (“Argonne”) completed a recapitalization of National Fitness Partners (“NFP”), an Argonne portfolio company since 2016 that is now one of the largest franchisees of Planet […]
Terra Tech Begins Crowdfunding for its New Restaurant Training App
Terra Tech LLC announced an open crowdfunding round on Wefunder for their restaurant training and communication app Yelli. Available nationwide the Yelli app is a mobile and desktop app designed to solve the challenges of training and managing serving and restaurant staff. Created by a waitress to make life better for restaurant workers, Yelli is […]
Darden Completes Acquisition of Ruth’s Chris
Darden Restaurants announced that it has completed its acquisition of Ruth’s Hospitality Group, Inc. The Ruth’s Chris Steak House brand now joins and complements Darden’s portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V’s and Bahama Breeze. Ruth’s Chris features signature USDA […]