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Bankruptcy

Financing

Why restaurants closed so many locations last year

 By Jonathan Maze on Jan. 08, 2025

A Deeper Dive: CapitalSpring's Jim Balis joins the podcast to talk about why companies closed so many locations last year and when is the right time to cut bait on a struggling unit.

Operations

Following bankruptcy, Melt Bar and Grilled closes permanently

 By Lisa Jennings on Jan. 03, 2025

Matt Fish, owner of what was once a 13-unit full-service chain, explained the difficult decision in an emotional Facebook post, saying operating restaurants "is not for the weak."

Financing

TGI Fridays franchisee to acquire bankrupt restaurants for $34.5M

By Joe Guszkowski on Jan. 02, 2025

Cancun-based Mera Corp. outbid former Fridays’ CEO Ray Blanchette for a group of nine locations, including five at the Dallas-Fort Worth airport, according to reports.

Financing

World of Beer emerges from bankruptcy

By Jonathan Maze on Jan. 02, 2025

The Tampa-based beer-centric, casual-dining franchise restructured its debt and said it will open four to five locations per year in the next five years.

Financing

In 2024, restaurant chain bankruptcies dominated the news

By Jonathan Maze on Dec. 18, 2024

Red Lobster and TGI Fridays led a year in which chains both big and small clogged bankruptcy courts. Here is a look at the year’s biggest bankruptcy filings.

Financing

In Eegee's, another local brand struggles coming out of the pandemic

By Jonathan Maze on Dec. 09, 2024

The Tucson, Arizona-based sandwich chain struggled following quarantine and couldn’t find a buyer, adding its name to a long list of small restaurant chains that ran into trouble this year.

Financing

Arizona chain Eegee's declares bankruptcy

By Jonathan Maze on Dec. 06, 2024

The fast-food sandwich chain is seeking Chapter 11 bankruptcy and closed five locations, according to local reports. The chain had been hinting at struggles for months.

Financing

Former TGI Fridays' CEO makes an offer for bankrupt restaurants

By Joe Guszkowski on Dec. 06, 2024

Ray Blanchette’s Sugarloaf Concessions bid $30.5 million for nine locations of the casual-dining concept, including its high-volume outlets at DFW Airport.

Operations

Anthony's Coal Fired Pizza is sold to a Burger King franchisee

By Lisa Jennings on Dec. 02, 2024

The 51-unit pizza chain is being sold to Kuljeet Singh, who is also a franchisee of Round Table Pizza. The deal splits the brand from sister chain BurgerFi.

Financing

NYC landmark Gotham Restaurant closed permanently

By Lisa Jennings on Nov. 25, 2024

After filing Chapter 11 bankruptcy earlier this year, the owners have thrown in the towel, saying losses during the pandemic caused them to fall behind on financial obligations.

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