Applebee's Franchisee Completes Acquisition of 29-Unit Roy's
SEAFOODNEWS.COM [Nation's Restaurant News] - January 28, 2015 -
Bloomin’ Brands Inc. has finalized the sale of Roy’s Restaurants to Dallas-based Applebee’s franchisee Sunil Dharod.
Roy’s existing management team will remain in place, the company said. Current president Rick Scott will lead the brand.
Bloomin’ Brands sold Roy’s after deciding last year to concentrate on its “core four” brands: Outback Steakhouse, Fleming’s Prime Steakhouse & Wine Bar, Bonefish Grill and Carrabba’s Italian Grill. Roy’s is far smaller than those four brands, and Bloomin’ executives indicated that it needed more attention.
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