Shari's Cafe and Pies

Financing

Shari’s Restaurants closes all 42 of its Oregon locations

An “ever-changing and uncertain business environment” led to the mass closures at the family-dining chain, said Sam Borgese, head of Shari’s parent company.

Operations

Signs of financial distress are mounting for Shari's Restaurants

The 45-year-old family-dining chain faces multiple accounts of unpaid rent and taxes, eviction notices and unit closures.

The investment firm invested in the chain’s 42 Oregon locations, where the restaurants operate video lottery games.

Taste Tracker: Bacon sizzles at Nathan’s, Moe’s supersizes a burrito and Golden Chick celebrates state fairs.

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.

The CEO of Shari’s discusses efforts to turn around the struggling chains, following a summertime acquisition.

The two brands were quietly sold over the summer.

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While some of the legacy brands (such as IHOP and Bob Evans) saw declines, Technomic Chief Insights Officer Darren Tristano expects breakfast-and-lunch concepts to keep growing.

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