The franchisee of the buffet channel has just declared bankruptcy
The buffet chain will close multiple locations in Florida and Georgia.
One of the biggest names in fully Can-powerful buffet restaurants will soon close several places in Florida and Georgia.
The largest operator of franchised golden corral restaurants has dropped down the bankruptcy of Chapter 11. The 1069 Restaurant Group, which belongs to the husband and the woman Duo Eric and Diane Holm, operates 33 locations of the famous buffalo chain via subsidiaries in Florida and Georgia. The company reported a $ 49.7 million debt in their court deposits, a drop attributed to restaurant closures and lower sales during the pandemic. (In touch:9 restaurant chains that have closed hundreds of locations this summer.)
Like many buffet style restaurants, the 1069 restaurant group ended up closing all their golden corras locations in March and only 6 have been reopened since. However, according toRestaurant BusinessThe company progresses with the reopening plans of 18 more locations by the end of the year, despite bankruptcy.
So how does this bankruptcy actually affect Golden Corral footprint in both states? Although some places will probably be open, the company will close multiple locations to reduce their debt. A representative of Corral d'Or said in aStatement at the restaurant restaurant Whether they work with their greatest franchise through this bankruptcy and "will anticipate they will continue to exploit 24 of their 33 countertops in Golden Corral in Georgia and Florida."
The 1069 restaurant group will use the bankruptcy filing to reconfigure their restaurants and find a solution for current service restrictions. So far, the brand has experienced contactless buffets, where customers mainly use gloves or towel towels when you reach shared service utensils. While some buffet restaurants have passed to cafeteria style operations, the Golden Corral Building Infrastructure does not allow this type of service.
Buffets hada particularly difficult road through the pandemicDue to the fact that most states prohibited self-study operations early to try to stop coronavirus propagation. During the height of the pandemic in the spring, belovedSoft tomato buffet chain (known as saplantation in the south of California), announced that Jason's deli, a string that rests strongly on their self-service bar,continues to close more locations.
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