Ruby Tuesday Properties For Sale
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Tuesday Property for Investment?
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10 – 15
10% Every 5 years
20 – 40 Years
Absolute NNN Lease
RT) is an
operates, and franchises
concept was started in 1972 by Samuel E. (Sandy) Beall, III.
The corporation was
formed in 1996 as a
Inc. They are headquartered in
Maryville, Tennessee, and operate 755 locations worldwide between
their various concepts.
that is primarily
located along the
eastern coast of the United
States. The company also owns Lime Fresh Mexican Grill. The company has closed all locations of Wok
Hay and Marlin and Ray's. Additionally, they hold development rights to Truffles Grill.
On June 6, 2012, founder and long-time CEO Sandy Beall announced he would
be leaving the company.
Ruby Tuesday was
born out of a $10,000 endowment Sandy Beall had received from a friend and operator of
to open his own
With that money, and
another $10,000 put together with four of his
the first Ruby Tuesday restaurant was opened in 1972.
The location was
adjacent to the University's
campus, and although
the building still stands, the restaurant has since closed.
In April 1982, Ruby Tuesday
became part of the Specialty Restaurant Division of Morrison, Inc. The merger provided the chain with additional
financial support to continue its growth.
In March 1996, the shareholders
of Morrison's approved a distribution and divided Morrison Restaurants, Inc. into three separate companies: Ruby
Tuesday, Inc. (RTI); Morrison Health Care, Inc., (subsequently purchased by Compass Group); and Morrison's Fresh
Cooking, Inc., (now owned by Piccadilly). Ruby Tuesday, Inc., therefore, is the successor of Morrison Restaurants,
Inc.[ 6] and is now one of America's largest casual dining companies. At the time of the distribution, Ruby
Tuesday, Inc. operated many other restaurant brands in addition to their flagship Ruby Tuesday brand, including
L&N Seafood Grill, Silver Spoon Cafe, Mozzarella's Cafe, The American Cafe, and Tia's
In the summer of 1998, Ruby Tuesday relocated its Restaurant
Support Center from Mobile, Alabama to Maryville, Tennessee, where the company built an on-site
training facility, WOW-U, in addition to a lodging and dining facility, RT Lodge. These facilities are used
daily as a training and development center for the Company's restaurant managers.
In November 2000, Ruby Tuesday completed the sale of The
American Cafe, Silver Spoon, L&N Seafood, and Tia's Tex-Mex restaurants to Specialty Restaurant Group, LLC. This divestiture allowed Ruby Tuesday
to concentrate exclusively on the growth and development of its flagship brand.
Many of the locations in the Midwestern and Northern US can be
found in mall locations, while many of the Southern stores, such as those in Kentucky and Tennessee, are
stand-alone stores. 
On April 12, 2007, the Ruby
Tuesday, Inc. changed its NYSE ticker symbol from RI to RT.
In August 2007, Ruby Tuesday
acquired[ 7] a local self-serve Fresh Asian Dining Restaurant, Wok Hay.[ 8] In October 2008, a second location was opened in a recently converted Ruby Tuesday restaurant
Ruby Tuesday Properties For Sale Across the United