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finance

Financing

Mercato Partners announces a new $90M restaurant investment fund

 By Jonathan Maze on Jun. 04, 2020

Savory Fund I is designed to develop promising restaurant concepts, and has experienced operators on board to help guide the firm’s investments.

Financing

Red Robin warns of a struggle to stay in business

 By Peter Romeo on Jun. 01, 2020

The casual chain's revised credit facility requires $25 million to be raised from equity, and management has aired doubts about doing it in time.

Financing

McMenamins looks for $20M equity infusion

By Peter Romeo on May 20, 2020

Proceeds from the private stock sale will be used to offset COVID-19-related debt and fund the addition of more history-laced pubs and attractions.

Financing

Luckin Coffee gets a delisting notice

By Jonathan Maze on May 19, 2020

Nasdaq notified the troubled coffee giant that it would be delisted, and the company plans to appeal.

Financing

The owner of Souplantation and Sweet Tomatoes files for Chapter 7 bankruptcy

By Jonathan Maze on May 15, 2020

Garden Fresh Restaurants opts for liquidation rather than reopening its buffet-centric restaurants due to coronavirus restrictions.

Financing

Ruth's Chris looks for new financing after giving back PPP loans

By Peter Romeo on May 08, 2020

The chain's parent company is currently discussing alternative options with identified parties.

Financing

The owner of Souplantation and Sweet Tomatoes plans to declare bankruptcy

By Jonathan Maze on May 07, 2020

Garden Fresh Restaurants has hired bankruptcy counsel and says it sees “no way to operate” given FDA recommendations that buffets not open.

Financing

New program aims to help small restaurants in Brooklyn

By Peter Romeo on May 06, 2020

The Brooklyn Chamber of Commerce intends to offer interest-free loans of up to $30,000.

Financing

Denny’s looks to increase its credit access

By Peter Romeo on May 05, 2020

It projects that it could be in default on its financial covenants for the second quarter, but expects to have access to more funds next week.

Financing

Texas Roadhouse restaurants turn cash-positive again

By Peter Romeo on May 05, 2020

A surge in to-go sales has pushed stores close to profitability, executives say.

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