Red Lobster makes an attractive net lease investment. A major draw to Red Lobster for investors is the longer than average lease, 20 - 25 years, on an absolute NNN basis. Rental increases vary, however most leases offer a 2% annual rent bumps along with four (4), five-year options.2021-08-23
Is Red Lobster a chain or franchise?
Brand history. Franchise cost. Red Lobster is a chain of restaurants and fast food restaurants.2021-10-06
What is the cheapest food franchise to open?
Chick-fil-A is among the most successful fast-food chains in the U.S., and it's also one of the cheapest to open.2016-01-13
Who owns Red Lobster right now?
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How many franchises does Red Lobster have?
Type Private
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Founded March 22, 1968 Lakeland, Florida
Founders Bill Darden Charley Woodsby
Headquarters Orlando, Florida U.S.
Number of locations 749 (2019)
How much does a target franchise cost?
Year U.S.A.
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2009 1
How much does it cost to start a Red Lobster?
Red Lobster has the franchise fee of up to $9,500, with a total initial investment of $9,500.
Is Red Lobster profitable?
The seafood chain, which has generated about $2.4 billion in annual revenue in recent years, had about $216 million in unrestricted cash in February, the report said. Red Lobster has engaged the financial firms Guggenheim Partners and PJ SOLOMON, Ayrle said.2020-08-28