September 09, 2004

Out of the Bankruptcy onto the Grill.

Emerging from bankruptcy in Colorado, the Off The Grill restaurant chain has been purchased by a group of franchisees who operate mostly Yum! Brands, Inc. restaurants. Off The Grill is a restaurant and home delivery concept that offers customers steak, potatoes and grilled vegetables. The company has 17 franchise outlets and the new owner, Off The Grill Franchising, Inc., intends to expand the chain from its new home base in Nashville, Tennessee. The new franchisor, however, will have to deal with some bad feelings from franchisees who believe they’ve been abandoned or completely forgotten as the franchise company dealt with its own financial problems, according to this article in The Tennessean. Notwithstanding these issues, the new owner has ambitious expansion plans and hopes to have 100 locations opened in the next three to five years.

Posted by franchiselawblog at September 9, 2004 04:18 PM