5 Bankruptible Restaurant Channels Make a return in 2021
You did not see the last of these favorites restaurant.
The pandemic has takena heavy tribute on the restoration sectorLeader many popular restaurant chains inPlace under the protection of the bankruptcy of Chapter 11 during the year. And while for some of thismeans the end of the road, Some are getting out of bankruptcy with restructured finances and Gunning for a new start.
Although restaurant chains have collectivelyhundreds of closed sites Throughout the country during the pandemic, here are the ones you can expect to see back on the scene in 2021.
Do not missMore Saddes restaurant closures in your state.
Chuck e cheese
The process chapter 11 savedChuck e cheese. After the balance sheet filing in June of last year, the company cleared more$ 705 million of debt And "begins a new chapter", according to an email by Director General David McKillips. In 2021, the company is ready to make progress towards long-term goals, some of which include reopening all previously closed locations and the introductionat home Chuck E. Cheese ExperiencesBeginnings a-evenNew pizza recipe.
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Coastal Grill Rubio
After the deposit ofChapter 11 Bankruptcy in October, It was the Rubio reorganization plan that finally allowed the chain to reduce their$ 82.3 million debt of $ 35 million. The leaders provide that the rapid recovery will lead the company to come out of bankruptcy in 2021. What remains to be seen is whether or not Coastal Grill Rubio will reopen its doors one of their26 closed restaurants in Florida and ColoradoOr just keep others in California, Arizona, Nevada and places.
Dave & Buster
seriouslyrisk of bankruptcy for most last year because of the pandemic,Dave & Buster is looking for better enter 2021. James Chambers, partner in Capital Hill Path, one of theMore shareholders of the company, Will now work with the brand to manage audit, finance and remuneration. Dave & Buster will look at another bit in 2021, after its stores reopen. According toRestaurant BusinessYou will see a smaller menu, adding technology like tablets and kiosks, and even a partnership with a third party delivery service.
Garbanzo Fresh of the Mediterranean
AfterGarbanzo Fresh Mediterranean declared bankruptcy, Center Lane Partners came to the rescue. The investment company, which also owns and bols saladworks frutta,Redicted the chain for $ 1.2 million. Attach two complementary sisters that use similar Garbanzo demographic whites on an upward trajectory in 2021. Most of the chain locations remained open during the bankruptcy procedure, and no new closure were announced so far. The brand's focus will always be on the serviceFresh and tasty foods with a "heart of hospitality".
California Pizza Kitchen
The fight for the California Pizza Kitchen started at the beginning of the pandemicin March, And society ended upDeclaring bankruptcy of Chapter 11 in July. But finally, the chain is looking at a promising start for 2021. CPK finished the year byThe restructuring of their financial services and set long-term goals for growth. Do not expect some changes, especially to healthier pizza options likePizza bbq chicken-Low the channel has started to see success with these elements during the pandemic. The mark will also make more efforts in itsDigital marketing and franchise in the United States and around the world.
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