Outback Steakhouse Franchisee Files for Bankruptcy, Plans Sale of 61 Restaurants
One of Outback Steakhouse's largest franchisees, Cerca Trova Restaurant Group Holdings, has filed for bankruptcy and plans to sell 61 restaurants located in Arizona, California, Colorado, Nevada, and New Mexico. This follows the recent closure of 10 other locations.
Terre Haute, IN, November 8, 2026 — Cerca Trova Restaurant Group Holdings, a significant franchisee operating Outback Steakhouse locations, has filed for bankruptcy. The company has announced plans to sell 61 of its restaurants. These locations are situated across five states: Arizona, California, Colorado, Nevada, and New Mexico.
The bankruptcy filing and subsequent sale plan come after the closure of 10 other Cerca Trova-operated Outback Steakhouse restaurants. The specific financial details of the bankruptcy filing and the terms of the planned sale were not immediately available in the provided information.
Cerca Trova Restaurant Group Holdings was identified as one of the largest franchisees for the Outback Steakhouse brand. The company’s decision to file for bankruptcy and divest a substantial number of its outlets indicates a significant operational and financial restructuring. The full scope of the impact on employees and customers at these 61 locations remains to be detailed as the sale process unfolds.
The trend summary did not specify the exact date of the bankruptcy filing or the timeline for the sale of the 61 restaurants. Information regarding the reason for the bankruptcy or the specific circumstances leading to the closure of the prior 10 locations was also not provided.
Story summarized from the original created by Brandy Beard on www.wthitv.com, see more information here.
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