A Restaurant in North Carolina Now Makes An Unexpected Closure

June 18, 2024

A restaurant in North Carolina now makes an unexpected closure after 40 years in business, leaving diners in the dark.

In an abrupt announcement, Floyd’s Restaurant in Charlotte, North Carolina is set to shutter next week.

The restaurant known for its home-cooked meals was launched in 1986 before moving to its current location in Freedom Mall in 1995.

Its website now states that it will permanently close on June 29, per The Charlotte Observer.

It is the last site of the soul food chain which once had four locations in the early 2000’s.

However, locals have suggested that the location may already be gone.

“Sorry to inform y’all but this restaurant on Graham St has been closed,” one Charlotte resident wrote on Facebook.

“Thought they were already closed,” another added.

Others have mourned the loss with one saying how the city is seeing numerous restaurant losses.

“First Chicken Coop, now this. I loved Floyds Stew Beef and Rice,” they wrote.

While there seems to be confusion over whether the restaurant has already shuttered, the one common factor is that no one knows why the closure has come about.

In the announcement of its closure, the restaurant did not give an explanation and owner Tyrone Floyd has not yet issued a statement.

Attempts by the Observer to contact the restaurant failed as no one answered and messages are no longer being taken.

The family business began as a sandwich shop which gradually expanded to become a fully-fledged restaurant based on recipes by Clatie Bell Floyd, Tyrone’s grandmother from South Carolina.

Tyrone previously spoke to The Charlotte Observer about the success of his family’s restaurant and its ability to survive through the pandemic.

“We never advertise on radio or TV, we just use word of mouth,” the business owner explained.

“One of the things that makes us a little different from everybody else is that when people come here they know what to expect.

Our food is always going to be consistent, it’s always going to be hot, it’s always going to be fresh and when people know what they’re going to get, they’ll come back.”

However, the entrepreneur has previously discussed the challenges of running a business.

“Restaurant business is a very stressful environment,” Floyd admitted in an interview with Entrepreneurship Interviews.

When discussing the challenges he has faced, the business owner revealed that much of it had to do with employee retention, licensing, and capital.

He offered key advice to those looking at going into the restaurant business.

“Love what you do and have good credit,” he said.

The U.S. Sun reports that it has also attempted to contact Floyd for comment.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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