SERVUS! sells Denny's restaurant divisionJanuary 16, 2020
From local sources
JASPER — SERVUS!, headquartered in Jasper, announced Thursday the sale of its Denny’s restaurant division — which includes 20 restaurants — to Arizona-based Top Line Restaurants.
The move is one of many the company has made recently to transition itself to a more real estate-focused business.
“While most people think of SERVUS for the nationally-recognized quality restaurant brands we operate, lesser known is the fact that the company has always been built on a strong foundation of real estate and real estate development,” said Sid Ruckriegel, owner and assistant treasurer. “This planned transition to focus primarily on the real estate portion of the business has been gradual over the past few years, and is expected to finalize in early 2020.”
Starting in 1964 with one coffee shop, SERVUS! operates in four states: Indiana, Kentucky, Illinois and Michigan, and has been a leader in the restaurant industry for more than 50 years.
Al Ruckriegel, SERVUS! president, said that “being a family company, it was very important as we considered potential purchasers [for the Denny’s division] to find a company that mirrored our core values and belief of team members first, but also had proven results of taking care of their guests. I think we have found just that with Top Line.”
Top Line is owned by Tina and Glenn Beattie, and has a proven track record with the Denny’s brand.
SERVUS! sold its 76 Long John Silver’s franchises in 2018. In November 2019, the Jasper-based company announced the sale of Jasper 8 Theatres, located at 256 Brucke Strasse, Jasper, to North Park Cinemas, located in Evansville. That same month, it also announced the sale of its Grandy’s division to Nashville, Tennessee-based parent franchisor Grandy’s LLC. The company told The Herald Thursday that it sold its McAlister’s Deli franchises on Dec. 30.
SERVUS! owns 34 Wendy’s franchises in Indiana and Kentucky.
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