Ruby Tuesday
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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.
RubyTuesdays
About Ruby Tuesday:
Ruby Tuesday is
an Americancasual
diningrestaurant
chainnamed after the
Rolling Stones' song of the same name. The first restaurant was founded
in 1972 by five University of Tennessee students,[ 3] and is now headquartered in Maryville, Tennessee.[ 4] The first location was adjacent to UT's Knoxville campus[ 5] on Twentieth Avenue near Cumberland Avenue. The building still
stands, but it is now occupied by a bar called the Roaming Gnome, next door to Stefano's Pizza, on the corner of
Cumberland, both of which are local institutions in their own right.
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 :
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