Red Robin agreed to divest 30 restaurants to Evergreen Dining

American casual eating concatenation Red Robin Gourmet Burgers has signed a refranchising statement to merchantability 30 restaurants to Evergreen Dining.

The units are located successful Washington and occidental Idaho and volition proceed to run nether the Red Robin marque aft the handover.

As agreed, Red Robin volition person $23.5m successful currency arsenic consideration.

The concatenation plans to allocate astir of the proceeds to reducing debt, successful enactment with the priorities acceptable retired successful its “First Choice Plan”.

Evergreen Dining’s enactment has managed much than 100 restaurants crossed respective nationalist chains implicit astir 30 years, employing implicit 1,200 radical crossed its operations.

In a statement, Evergreen Dining said: “Red Robin has been bringing Washingtonians and Idahoans unneurotic for moments of transportation since 1969.

“We look guardant to partnering with the talented teams successful each determination to solidify Red Robin's presumption arsenic the First Choice successful these communities, portion inactive offering the aforesaid juicy burgers, bottomless fries and exceptional hospitality guests person enjoyed for astir six decades."

The woody is expected to adjacent successful the 2nd fractional of 2026, taxable to customary closing conditions.

Red Robin president and CEO Dave Pace, who was appointed successful April 2025, said: “Since launching our First Choice Plan past year, we person been focused connected uncovering franchise partners who stock our values and committedness to delighting guests.

“We are assured Evergreen Dining is the close spouse to accelerate maturation astatine these locations portion besides helping america fortify our equilibrium sheet, amended our superior structure, and heighten our fiscal flexibility arsenic we measure imaginable refinancing partners.

“This breathtaking adjacent section with Evergreen Dining would not person been imaginable without our talented squad members who person worked tirelessly to execute connected our First Choice Plan and assistance america fortify our competitory position."

"Red Robin agreed to divest 30 restaurants to Evergreen Dining" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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