Cracker Barrel has sold its Maple Street Biscuit Company brand and 35 restaurants to Biscuit Belly, LLC and will close 16 locations of the fast casual breakfast chain.
The move comes less than a year after Cracker Barrel closed 14 Maple Street locations in September 2025 because they "simply didn't meet our financial expectations," the company told USA TODAY in a statement at the time, while thanking customers for their patronage.
Cracker Barrel acquired Maple Street Biscuit Company in 2019 for $36 million. The breakfast chain was founded in Jacksonville, Florida, in 2012, and serves a variety of biscuits and other breakfast foods. At the time of the acquisition, Maple Street had 28 company-owned locations and five franchised locations across seven states.
In a separate move, Cracker Barrel also completed a sale-leaseback deal involving 26 company-owned locations. That means Cracker Barrel sold the locations to an investor and immediately leased them back. Cracker Barrel said these transactions will generate approximately $77 million in net proceeds.
More news: Ikea to open 7 new stores through 2027. See where
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The move comes less than a year after Cracker Barrel closed 14 Maple Street locations in September 2025 because they "simply didn't meet our financial expectations," the company told USA TODAY in a statement at the time, while thanking customers for their patronage.
Cracker Barrel acquired Maple Street Biscuit Company in 2019 for $36 million. The breakfast chain was founded in Jacksonville, Florida, in 2012, and serves a variety of biscuits and other breakfast foods. At the time of the acquisition, Maple Street had 28 company-owned locations and five franchised locations across seven states.
In a separate move, Cracker Barrel also completed a sale-leaseback deal involving 26 company-owned locations. That means Cracker Barrel sold the locations to an investor and immediately leased them back. Cracker Barrel said these transactions will generate approximately $77 million in net proceeds.
More news: Ikea to open 7 new stores through 2027. See where
#company #street
3 months ago
