Out West Restaurant Group, Outback Steakhouse’s largest franchisee, filed for Chapter 11 bankruptcy this week. The San Diego-based company runs 61 Outbacks across five Western states, including seven in the Valley.
Outback parent Bloomin’ Brands has made a $26.3 million opening bid for nearly all of Out West’s assets. That price could rise if other buyers step in.
Bloomin’ is also putting up $5.5 million to keep the restaurants running during the process.
7 Valley locations affected
The Valley locations in the deal:
- 1734 E. Southern Ave. in Tempe
- 5605 W. Bell Road in Glendale
- 4715 E. Cactus Road in Phoenix
- 1650 S. Clearview Road in Mesa
- 1080 N. 54th St. in Chandler
- 14225 W. Grand Ave. in Surprise
- 2687 S. Market St. in Gilbert
Mesa diners have already lost one Outback. The location at 1860 E. McKellips Road closed in October, one of 10 Outbacks that shut down nationwide last month.
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