Bloomin’ Brands sells 54 restaurants, mostly Outback, to franchisees

April 28, 2017

Bloomin’ Brands Inc. has sold 54 company-owned restaurants to franchisees, the company said Friday, all but one of them Outback Steakhouse locations, in a pair of deals this month. 

The casual-dining operator sold 45 company-owned Outback Steakhouse units in Arizona, Colorado, Nevada and New Mexico to Cerca Trova Restaurant Concepts Inc. It also sold eight Outback Steakhouse locations and one Carrabba’s Italian Grill in Montana, South Dakota, Utah and Wyoming to Evergreen Restaurant Group LLC.

Terms of the deals, both of which closed this week, were not available.

“Both Cerca Trova and Evergreen are excellent operators and have been successful