Lima, OH, November 8, 2026 — Cerca Trova Restaurant Group Holdings, a significant franchisee of Outback Steakhouse, has initiated bankruptcy proceedings. This development is set to impact operations across five states, with plans for the sale or closure of 61 restaurant locations. The affected states include Arizona, California, Colorado, Nevada, and New Mexico.

The bankruptcy filing by Cerca Trova Restaurant Group Holdings was announced following a period of operational challenges. The company’s decision to seek bankruptcy protection is expected to lead to a substantial restructuring of its business. This restructuring includes the potential sale of some or all of its 61 Outback Steakhouse outlets, or their complete closure.

The scope of the planned closures and sales is considerable, spanning multiple Western states. Specifically, locations in Arizona, California, Colorado, Nevada, and New Mexico are slated for review under the bankruptcy plan. This action follows a recent decision by the franchisee to close 10 other establishments, indicating a broader trend of financial strain within the group’s operations.

The exact timeline for these sales or closures was not immediately specified. Information regarding the specific financial figures leading to the bankruptcy filing, or the details of the planned sales process, was not publicly detailed in the initial report. The impact on employees at these 61 locations remains a key consideration as the bankruptcy proceedings advance.

Cerca Trova Restaurant Group Holdings was a notable operator within the Outback Steakhouse franchise network, managing a considerable number of restaurants. The company’s financial distress and subsequent bankruptcy filing signal significant shifts within its operational footprint and potentially within the broader franchise landscape.


Story summarized from the original created by Brandy Beard on www.hometownstations.com, see more information here.

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