The Chain Gang

Chain Restaurant’s Real Estate Worth More Than Their Crummy Food

Ruby Tuesday's image makeover hasn't helped.
Ruby Tuesday’s image makeover hasn’t helped. Photo: Courtesy of Ruby Tuesday

National chains aren’t doing so well these days, as we’ve mentioned before, and now some investors are betting that big chains like Ruby Tuesday and Cracker Barrel, which are publicly traded, can make more money selling off their real-estate assets than they can just selling food. Ruby Tuesday’s assets now total about $1 billion, which is twice its current market value, and with food prices rising and fewer people dining out, it may be time to become more renter than owner. [Bloomberg]

Chain Restaurant’s Real Estate Worth More Than Their Crummy Food