Outback Steakhouse franchisee files for Chapter 11 bankruptcy

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A major Outback Steakhouse franchisee that operates western locations has filed for Chapter 11 bankruptcy, citing financial struggles.

WASHINGTON — A major Outback Steakhouse franchisee filed for Chapter 11 bankruptcy, citing financial struggles.

Cerca Trova Southwest Restaurant Group, LLC filed the petition on Monday, Nov. 2, in the U.S. Bankruptcy Court for the District of Delaware. The court filing shows that the operator runs roughly 30 Outback Steakhouse locations in Arizona, Colorado, Nevada and New Mexico.

According to the filing, the company has between $50 million and $100 million in assets and the same financial range in liabilities.

Company resolutions included in the bankrup...

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