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 Ruby Tuesday Properties For Sale

    



Interested in Purchasing a Ruby Tuesday Property for Investment?

 

If you wish to purchase a Ruby Tuesday property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Ruby Tuesday  properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

 

ruby tuesday

 

 
Price: 

$1M - $3M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
6% – 7%
 

Public
Traded as NYSERT
Industry Restaurant
Genre Casual dining
Founded 1972
Knoxville,Tennessee, U.S.
Founder Samuel E. Beall, III
Headquarters 150 West Church Avenue
Maryville,Tennessee, U.S. 37801
Number of locations
736 (2015)
Area served
Worldwide
Key people
James J. "JJ" Buettgen
(
CEO)
Todd Burrowes
(
COO)
Michael Moore
(
CFO/EVP)
Products American cuisine
(biscuits •burgers •chicken •pasta •ribs •salad •seafood •soup •steak)
Revenue US$1,265.16 million (2011)opq
US$ 52.622 million (2011)
US$ 46.878 million (2011)
Total assets US$ 1,187.02 million (2011)
Total equity US$ 591.71 million (2011)
Number of employees
40,500 (2011)
Website rubytuesday.com

    

 

About Ruby Tuesday: 

 

Ruby Tuesday Inc.(NYSERT) is an American multinational   food service retailer  that owns, operates, and franchises   Ruby Tuesdayrestaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall, III.

The corporation was formed in 1996 as a  reincorporation    of    Morrison Restaurants Inc. They are headquartered in  Maryville, Tennessee, and operate 755 locations worldwide between their various concepts. 

Their    flagship  brand  is an  American cuisine  casual dining  restaurant chain  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.[2][3] 

Ruby Tuesday was born out of a $10,000 endowment Sandy Beall had received from a friend and operator of several  Pizza Huts  to open his own restaurant.[citation needed]  With that money, and another $10,000 put together with four of his  University of Tennessee  fraternity brothers, the first Ruby Tuesday restaurant was opened in 1972.[6][7]  The location was adjacent to the University's  Knoxville  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 Tex-Mex.

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. [citation needed]

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 building.[  9]

 

Ruby Tuesday Properties For Sale Across the United States :

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming    



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