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 restaurants located in Arizona, California, Colorado, Nevada, and New Mexico. This move follows the recent closure of 10…
Lafayette, IN, November 8, 2026 — Cerca Trova Restaurant Group Holdings, identified as one of Outback Steakhouse’s largest franchisees, has initiated a Chapter 11 bankruptcy filing. The company has announced plans to sell 61 of its restaurant locations. These 61 establishments are situated across five U.S. states: Arizona, California, Colorado, Nevada, and New Mexico.
This bankruptcy filing and planned sale come shortly after Cerca Trova Restaurant Group Holdings closed down 10 other locations that it operated. The specific reasons for the bankruptcy filing were not detailed in the provided information. The company’s status as a significant franchisee for Outback Steakhouse has been noted.
Chapter 11 bankruptcy is a legal process that allows a company to reorganize its debts and business affairs while continuing operations, often with the goal of restructuring and emerging as a viable entity. The plan to sell 61 restaurants indicates a significant restructuring effort for Cerca Trova Restaurant Group Holdings. The exact timeline for the sale and the impact on employees at these locations have not been specified.
The current status of the 10 previously closed locations operated by the same franchisee was not provided. Further details regarding the bankruptcy proceedings, including the court overseeing the case and any specific plans for the remaining restaurants not slated for sale, were not immediately available.
Story summarized from the original created by Brandy Beard on www.wlfi.com, see more information here.
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