Outback Steakhouse Franchisee Files Chapter 11 Bankruptcy, Plans Sale of 61 Restaurants
One of Outback Steakhouse's largest franchisees, Cerca Trova Restaurant Group Holdings, has filed for Chapter 11 bankruptcy and plans to sell 61 of its restaurants located in Arizona, California, Colorado, Nevada, and New Mexico. This action follows the recent closure…
St. Louis, MO, November 8, 2026 — Cerca Trova Restaurant Group Holdings, a significant franchisee for Outback Steakhouse, has initiated Chapter 11 bankruptcy proceedings. The company intends to sell 61 of its restaurant locations across five states as part of this process. These locations are situated in Arizona, California, Colorado, Nevada, and New Mexico.
This bankruptcy filing and planned sale come shortly after the franchisee had already closed 10 other restaurants it operated. The specific reasons for the bankruptcy filing and the subsequent decision to sell a substantial portion of its restaurant portfolio were not provided in the available information.
Chapter 11 bankruptcy allows a company to continue operating while it reorganizes its debts and business operations. The sale of the 61 Outback Steakhouse locations is a key component of Cerca Trova’s restructuring plan. The details regarding potential buyers or the timeline for the sale have not yet been disclosed. The contractor’s name was not provided. The fine amount was not provided. The inspection outcomes were not provided. The code violations were not provided. What happened next was not provided.
Cerca Trova Restaurant Group Holdings has been identified as one of the largest franchisees for Outback Steakhouse. The recent closures and the pending sale of numerous outlets represent a significant shift for the franchisee within the casual dining sector.
Story summarized from the original created by Brandy Beard on www.firstalert4.com, see more information here.
