<PAGE>
                                                                   EXHIBIT 10.14


                  AMENDMENT NO. 7 TO REVOLVING CREDIT AGREEMENT

                            Dated as of June 16, 2004

         This AMENDMENT NO. 7 TO REVOLVING CREDIT AGREEMENT, dated as of June
16, 2004 (this "Amendment"), amends that certain Revolving Credit Agreement,
dated as of December 22, 1997 (as amended and in effect from time to time, the
"Credit Agreement"), by and among PERKINS FAMILY RESTAURANTS, L.P., a Delaware
limited partnership ("Perkins"), THE RESTAURANT COMPANY, a Delaware corporation
("TRC"), PERKINS RESTAURANTS, INC., a Minnesota corporation ("PRI"), and PERKINS
MANAGEMENT COMPANY, INC., a Delaware corporation ("PMC"), and PERKINS FINANCE
CORP., a Delaware corporation (together with TRC, PRI and PMC, the "Original
Guarantors"), FLEET NATIONAL BANK (f/k/a BankBoston, N.A.), a national banking
association and the other lending institutions listed on Schedule 1 thereto (the
"Banks"), FLEET NATIONAL BANK (f/k/a BankBoston, N.A.), as agent and
administrative agent for the Banks (the "Agent"), and BANK OF AMERICA, N.A.
(f/k/a Nationsbank, N.A.), as Syndication Agent (the "Syndication Agent"). All
capitalized terms used herein without definitions shall have the meanings given
such terms in the Credit Agreement.

         WHEREAS, pursuant to the Joinder and Amendment No. 2, dated as of
December 20, 1999, by and among Perkins, the Original Guarantors, the Banks, the
Agent and the Syndication Agent, TRC joined the Credit Agreement and the Loan
Documents and agreed to become a Borrower under the Credit Agreement and to
comply with and be bound by all of the terms, conditions and covenants of the
Credit Agreement and Loan Documents applicable to it as a Borrower;

         WHEREAS, as of the Merger Date, Perkins, PRI and PMC merged with and
into TRC such that TRC became the sole Borrower under the Credit Agreement (TRC
is hereinafter referred to as the "Borrower");

         WHEREAS, pursuant to a Guaranty, dated as of December 20, 1999, by The
Restaurant Holding Corporation ("TRHC") in favor of the Agent and the Banks,
TRHC has guaranteed all of the Borrower's obligations to the Banks and the Agent
under or in respect of the Credit Agreement and the other Loan Documents and
became a Guarantor under the Credit Agreement;

         WHEREAS, pursuant to a Guaranty, dated as of September 30, 2000, by The
Restaurant Company of Minnesota ("TRCM") in favor of the Agent and the Banks,
TRCM has guaranteed all of the Borrower's obligations to the Banks and the Agent
under or in respect of the Credit Agreement and the other Loan Documents and
became a Guarantor under the Credit Agreement;

         WHEREAS, pursuant to a Guaranty, dated as of September 30, 2000, by TRC
Realty LLC in favor of the Agent and the Banks, TRC Realty LLC has guaranteed
all of the Borrower's obligations to the Banks and the Agent under or in respect
of the Credit Agreement and the other Loan Documents and became a Guarantor
under the Credit Agreement;




<PAGE>
                                       2


         WHEREAS, the Borrower has requested that the Banks and the Agent agree
to amend certain of the terms of the Credit Agreement;

         WHEREAS, the Banks and the Agent have agreed to amend certain of the
terms of the Credit Agreement upon the conditions set forth herein;

         NOW THEREFORE, in consideration of the mutual agreements contained in
the Credit Agreement and herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

         SS.1. AMENDMENT TO CREDIT AGREEMENT. Section 5.1.1(a) of the Credit
Agreement is hereby amended by deleting the amount "$5,000,000" set forth
therein and substituting in lieu thereof the amount "$7,500,000".

         SS.2. REPRESENTATIONS AND WARRANTIES. The Borrower and each of the
Guarantors jointly and severally represent and warrant to the Banks and the
Agent as follows:

                  (a) Representations and Warranties in Credit Agreement. The
         representations and warranties of the Borrower and the Guarantors
         contained in the Credit Agreement, each as amended by this Amendment,
         (i) were true and correct in all material respects when made, and (ii)
         except to the extent such representations and warranties by their terms
         are made solely as of a prior date, continue to be true and correct in
         all material respects on the date hereof.

                  (b) Authority, Etc. The execution and delivery by the Borrower
         and each of the Guarantors of this Amendment and the performance by the
         Borrower and each of the Guarantors of all of their agreements and
         obligations under this Amendment and the Credit Agreement as amended
         hereby (i) are within the corporate authority of the Borrower and each
         of the Guarantors, (ii) have been duly authorized by all necessary
         corporate proceedings by the Borrower and each of the Guarantors, (iii)
         do not conflict with or result in any breach or contravention of any
         provision of law, statute, rule or regulation to which the Borrower or
         any of the Guarantors is subject or any judgment, order, writ,
         injunction, license or permit applicable to the Borrower or any of the
         Guarantors, and (iv) do not conflict with any provision of any
         corporate charter or by-laws of, or any agreement or other instrument
         binding upon, the Borrower or any Guarantor.

                  (c) Enforceability of Obligations. This Amendment, and the
         Credit Agreement as amended hereby, constitute the legal, valid and
         binding obligations of the Borrower and each of the Guarantors
         enforceable against each such Person in accordance with their
         respective terms. Immediately prior to and immediately after and after
         giving effect to this Amendment, no Default or Event of Default exists
         under the Credit Agreement or any other Loan Document.




<PAGE>
                                       3

         SS.3. AFFIRMATION OF BORROWER AND THE GUARANTORS.

                  (a) The Borrower hereby affirms its absolute and unconditional
         promise to pay to each Bank and the Agent the Obligations due under the
         Notes, the Credit Agreement as amended hereby, and the other Loan
         Documents, at the times and in the amounts provided for therein. The
         Borrower confirms and agrees that (i) the Obligations of the Borrower
         to the Banks and the Agent under the Credit Agreement as amended hereby
         are secured by and entitled to the benefits of the Security Documents
         and (ii) all references to the term "Credit Agreement" in the Security
         Documents shall hereafter refer to the Credit Agreement as amended
         hereby.

                  (b) Each of the Guarantors hereby acknowledges that it has
         read and is aware of the provisions of this Amendment. Each of the
         Guarantors hereby reaffirms its absolute and unconditional guaranty of
         the Borrower's payment and performance of the Obligations to the Banks
         and the Agent under the Credit Agreement, as amended hereby. Each of
         the Guarantors hereby confirms and agrees that the Guaranty shall
         hereafter constitute a guaranty of the Obligations under the Credit
         Agreement as amended hereby.

         SS.4. CONDITIONS TO EFFECTIVENESS. This Amendment shall be effective as
of the date hereof upon the Agent's receipt of an original counterpart signature
to this Amendment, duly executed and delivered by the Borrower, the Guarantors,
the Majority Banks and the Agent.

         SS.5. MISCELLANEOUS PROVISIONS.

                  (a) Except as otherwise expressly provided by this Amendment,
         all of the terms, conditions and provisions of the Credit Agreement
         shall remain the same. It is declared and agreed by each of the parties
         hereto that the Credit Agreement, as amended hereby, shall continue in
         full force and effect, and that this Amendment and the Credit Agreement
         shall be read and construed as one instrument. Nothing contained in
         this Amendment (i) shall be construed to imply a willingness on the
         part of the Banks or the Agent to grant any similar or other future
         amendment of any of the terms and conditions of the Credit Agreement or
         the other Loan Documents and (ii) shall in any way prejudice, impair or
         effect any rights or remedies of the Banks and the Agent under the
         Credit Agreement or the other Loan Documents.

                  (b) THIS AMENDMENT IS INTENDED TO TAKE EFFECT AS AN AGREEMENT
         UNDER SEAL AND SHALL BE CONSTRUED ACCORDING TO AND GOVERNED BY THE LAWS
         OF THE COMMONWEALTH OF MASSACHUSETTS.

                  (c) This Amendment may be executed in any number of
         counterparts, but all such counterparts shall together constitute but
         one instrument. In making proof of this Amendment it shall not be
         necessary to produce or account for more than one counterpart signed by
         each party hereto by and against which enforcement hereof is sought.



<PAGE>
                                       4


                  (d) Headings or captions used in this Amendment are for
         convenience of reference only and shall not define or limit the
         provisions hereof.

                  (e) The Borrower hereby agrees to pay to the Agent, on demand
         by the Agent, all reasonable out-of-pocket costs and expenses incurred
         or sustained by the Agent in connection with the preparation of this
         Amendment (including reasonable legal fees and expenses).

                            [SIGNATURE PAGES FOLLOW]








<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
an agreement under seal as of the date first written above.

                                       THE RESTAURANT COMPANY


                                       By: /s/ Michael P. Donahoe
                                           -----------------------------------
                                           Name: Michael P. Donahoe
                                           Title: EVP/CFO


                                       THE RESTAURANT HOLDING CORPORATION,
                                       as Guarantor



                                       By: /s/ Michael P. Donahoe
                                           -----------------------------------
                                           Name: Michael P. Donahoe
                                           Title: EVP/CFO


                                       PERKINS FINANCE CORP., as Guarantor


                                       By: /s/ Michael P. Donahoe
                                           -----------------------------------
                                           Name: Michael P. Donahoe
                                           Title: Vice President

                                       THE RESTAURANT COMPANY OF MINNESOTA, as
                                       Guarantor



                                       By: /s/ Michael P. Donahoe
                                           -----------------------------------
                                           Name: Michael P. Donahoe
                                           Title: Vice President


                                       TRC REALTY LLC, as Guarantor



                                       By: /s/ Michael P. Donahoe
                                           -----------------------------------
                                           Name: Michael P. Donahoe
                                           Title: Vice President



<PAGE>



                                       FLEET NATIONAL BANK (f/k/a BankBoston,
                                       N.A.), individually and as Agent


                                       By: /s/ Cristin M. O'Hara
                                           -----------------------------------
                                           Name: Cristin M. O'Hara
                                           Title: Director


                                       BANK OF AMERICA, N.A. (f/k/a Nationsbank,
                                       N.A.), individually and as Syndication
                                       Agent


                                       By: /s/ Cristin M. O'Hara
                                           -----------------------------------
                                           Name: Cristin M. O'Hara
                                           Title: Director


                                       AMSOUTH BANK (f/k/a First American
                                       National Bank)


                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:


                                       SUNTRUST BANK


                                       By:
                                           -----------------------------------
                                           Name:
                                           Title: