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Old Country Buffet

Financing

Creditors accuse Old Country Buffet’s former owners of misusing PPP funds

 By Jonathan Maze on Oct. 19, 2021

Fresh Acquisitions, whose assets were just sold to Famous Dave’s owner, is being accused of misappropriating $20 million before it filed for bankruptcy, including $4 million in Paycheck Protection Program funds.

Financing

Old Country Buffet did not die from the pandemic

 By Jonathan Maze on Oct. 06, 2021

Nor did it die from simply being a buffet brand. That and other concepts run by the bankrupt Fresh Acquisitions have been dying for years. The pandemic was the last nail in the coffin, says RB’s The Bottom Line.

Financing

Famous Dave’s parent wins the auction to buy buffet chains

By Jonathan Maze on Oct. 05, 2021

BBQ Holdings won the bidding for the bankrupt owner of the six-unit Tahoe Joe’s along with the assets of several buffet chains, including Old Country Bufffet.

Financing

Old Country Buffet’s bankrupt parent is up for sale again

By Jonathan Maze on Sep. 21, 2021

Fresh Acquisitions, which filed for bankruptcy earlier this year, has a new potential buyer in Serene Investment Management after a judge killed a previous sale.

Financing

The long, sad decline of a buffet behemoth

By Jonathan Maze on Apr. 23, 2021

The owner of Old Country Buffet merged with Ryan’s in 2006. The company’s bankruptcy-laden history in the years since is a lesson in the dangers of debt and the persistence of zombie chains, says RB’s The Bottom Line.

Financing

The parent of Old Country Buffet and Furr’s declares bankruptcy

By Jonathan Maze on Apr. 20, 2021

Fresh Acquisitions operates a half-dozen mostly buffet brands, has closed all but six Tahoe Joe’s restaurants and plans to focus on that brand as well as a redesigned Furr’s concept.

Workforce

Restaurants embrace paid time off as the way to get employees vaccinated

By Peter Romeo on Feb. 04, 2021

The list of operators opting for that course is growing quickly.

Financing

Is this the end of the buffet?

By Jonathan Maze on Apr. 27, 2020

As restaurants reopen, many regulations explicitly forbid buffets and self-service. That could require massive changes at buffet concepts, or their end altogether, says RB’s The Bottom Line.

Top 500 Chains

Old Country Buffet/HomeTown Buffet

May 03, 2019

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

Top 500 Chains

Old Country Buffet/HomeTown Buffet

Jun. 19, 2018
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