Ruby Tuesday Properties For
Interested in Purchasing a Ruby Tuesday Property for
If you wish to purchase a Ruby
Tuesday property for investment, please email email@example.com; We have access to an extensive
inventory of triple net Ruby Tuesday properties for sale in Washington DC, Maryland, Virginia and the entire
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
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. 
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]