Bob Evans owner is reportedly considering selling the Ohio-based restaurant chain
Columbus, Ohio (W.C.M.H.) — Bob Evans, a family-style restaurant chain founded and headquartered in central Ohio, is reportedly on the market.
The chain is considering a change in ownership and has hired an investment bank named Kroll to help oversee the process, according to multiple reports. Bob Evans is the owner of Golden Gate Capital, a San Francisco-based private equity firm that acquired the chain in 2017 for $565 million.
Golden Gate declined to comment on the potential sale, and Bob Evans did not respond to NBC4's request for a statement.
Farmer Bob Evans founded the restaurant concept in 1948 with a 12-seat diner in Gallipolis, Ohio, and later expanded into a restaurant in 1962 called The Sausage Shop. Currently, the chain is headquartered in Albany and has more than 435 stores in 18 states, with about 35 restaurants in Ohio.
When Golden Gate acquired Bob Evans, the private equity firm opted to separate the restaurants from the brand's consumer packaged goods business, Bob Evans Farms, but later established St. Louis-based It was acquired by a company called Post Holdings for $1.5 billion. Golden Gate then considered selling the chain for $600 million in 2022, but that didn't happen.
Restaurant Business said in a report that Bob Evans was an early adopter of takeout and delivery, which helped restaurants maintain sales when dine-in operations were closed in 2020. He pointed out that the country has successfully faced the coronavirus pandemic. The trade magazine said, “There is a possibility.'' It will be one of the main talking points for the company as it searches for future buyers. ”
Bob Evans also pursued beer and wine sales after the pandemic. Florida chain restaurant quietly expands alcohol menu additions We plan to expand our services to locations in Indiana in 2021.company He later filed liquor license applications for several restaurants in Ohio..
https://www.wkbn.com/news/ohio/owner-of-bob-evans-looking-to-sell-the-ohio-based-restaurant-chain-reports-say/ Bob Evans owner is reportedly considering selling the Ohio-based restaurant chain
