🔥 Trending Maple Street Biscuit Company Sold by Cracker Barrel: What You Need to Know
Cracker Barrel Old Country Store, Inc. has recently divested its Maple Street Biscuit Company brand, selling it to Biscuit Belly, a fast-casual biscuit-sandwich concept 357. This transaction, announced on July 22, 2026, marks Cracker Barrel's exit from the fast-casual breakfast sector 15.
Details of the Transaction
- Acquisition by Biscuit Belly: Biscuit Belly acquired the Maple Street trademark, intellectual property, and assets related to 35 existing Maple Street Biscuit Company restaurants 135. While the financial terms of the deal were not disclosed 3, Cracker Barrel had originally acquired the Jacksonville-based chain in 2019 for $36 million 10.
- Restaurant Closures: As part of the deal, the remaining 16 Maple Street Biscuit Company locations that were not acquired by Biscuit Belly will be closed 1234.
- Future Plans for Acquired Locations: Biscuit Belly intends to convert the acquired Maple Street restaurants to its own brand by the end of 2028 10.
- Strategic Move for Cracker Barrel: This divestiture is part of Cracker Barrel's broader strategy to streamline its operations and focus on its core business. In addition to selling Maple Street, Cracker Barrel also completed a sale-leaseback transaction for 26 of its restaurant locations, raising $77 million to help pay down debt 249.
Background of Maple Street Biscuit Company
Maple Street Biscuit Company was founded in Florida in 2012 and quickly gained a following for its Southern-inspired breakfast and brunch menu 6. Cracker Barrel acquired the brand in 2019 with plans for expansion 67. However, the recent sale indicates a shift in Cracker Barrel's strategic direction.
This move allows Cracker Barrel to exit the fast-casual breakfast market and focus on its primary restaurant and retail operations, while Biscuit Belly expands its footprint by integrating the acquired locations 110.
Sources
- 1Cracker Barrel Sells Maple Street Biscuit Company Assets fsrmagazine.com
- 2Cracker Barrel sells Maple Street Biscuit Company, closes 16 locations foxbusiness.com
- 3Cracker Barrel sells Maple Street Biscuit Company restaurantdive.com
- 4Cracker Barrel Sells 26 Stores, Divests Maple Street Biscuit Company ... restaurantnewsresource.com
- 5Cracker Barrel sells Maple Street Biscuit Company, closes locations usatoday.com
- 6Maple Street Biscuit Company brand sold to Biscuit Belly - WFTV wftv.com
- 7Cracker Barrel sells Maple Street Biscuit Co. | Jax Daily Record jaxdailyrecord.com
- 8Cracker Barrel exits Maple Street Biscuit Co. brand bizjournals.com
- 9Cracker Barrel sells Maple Street Biscuit, raises fiscal 2026 outlook finance.yahoo.com
- 10Biscuit Belly acquires Maple Street Biscuit Co. from Cracker Barrel jacksonville.com
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