3 new In-N-Out Burger locations in California have now been approved increasing its number of chains in the west coast.
According to a report earlier this month from USA Today, In-N-Out Burger is continuing its ambitious expansion in the state of California.
“Two stores will open in the company’s Southern California backyard, one in San Juan Capistrano and one in Perris.
There will also be a new store in the heart of the state in Madera,” said the report.
Many retailers have been closing permanently or filing for unexpected chapter 11 bankruptcy.
Seeing chains such as In-N-Out expand shows a positive outlook for the economy where mainly businesses are reportedly facing economic turmoil.
Here is the list of the new and upcoming In-N-Out California locations:
- 1830 W. Cleveland Ave. Madera, CA 93637
- 229 Old Nuevo Rd. Perris, CA 92570
- 31791 Del Obispo St. San Juan Capistrano, CA 92675
According to ScrapeHero, there are 394 In-N-Out Burger restaurants in the United States as of October 04, 2023.
The state with the most number of In-N-Out Burger locations in the US is California, with 272 restaurants, which is about 69% of all In-N-Out Burger restaurants in the US.
An October 20th report from NoozHawk reveals the new 3,885-square-foot restaurant will be located in Buellton.
The address is 515 McMurray Road, the former home of the Parks Plaza Theatre, reports Joel Eisenberg.
Despite traffic remaining a top worry with several significant concerns yet to be resolved, the Buellton Planning Commission narrowly approved the proposed In-N-Out Burger at the site of the city’s closed theater.
On Thursday night, after two hours on the topic, commissioners voted 3-2 to approve a conditional use permit… The building at the 1.35-acre site would be torn down.
Also check out: 1-Hit.
Also Read: A US Company Now Declares An Unexpected Bankruptcy
Other Economy News Today
A massive retailer has now survived Chapter 11 bankruptcy after the pandemic negatively impacted the business for over a year.
Party City has officially emerged from total bankruptcy after eliminating nearly $1 billion in debt and enhancing its liquidity.
“The covid pandemic put Party City in a difficult place.
People weren’t having parties, so the chain basically sold merchandise that wasn’t essential, or even relevant, to anyone.
That created a situation where the company, which was already struggling, burned through a lot of its cash reserves simply to survive.
And even when pandemic lockdowns ended, there was no major comeback for the chain.
People went back to having parties, but they did not go back to celebrate the events they missed,” reports TheStreet.
“Party City lost more than a year of birthdays, holidays, graduations and other celebrations, which forced the company into Chapter 11.
That process enabled the company to make needed changes to emerge and get back to its pre-pandemic business.”
In a press release, Party City said that it has completed its restructuring and emerged from Chapter 11 bankruptcy financially stronger and “well-positioned” for the future.
“Through its restructuring, PCHI has substantially strengthened its capital structure by eliminating nearly $1 billion in debt, enhanced its liquidity, and optimized its Party City store portfolio by having negotiated improved lease terms and exited less productive stores.
The company will move forward with nearly 800 Party City locations nationwide,” PCHI wrote.
Party City Chief Executive Brad Weston said he plans to step down as of Nov. 3 and will be succeeded on an interim basis by the chain’s president, Sean Thompson.
The company has emerged from bankruptcy with a new asset-based-loan facility of $562 million and $75 million in new investment to fund its ongoing operations, per reports.
Also Read: Another Popular Retailer Now Declares An Unexpected Bankruptcy
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