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Home/Banking News/A Famous Chain Now Makes An Unexpected Closure in California
Market News Today - A Famous Chain Now Makes An Unexpected Closure in California

A Famous Chain Now Makes An Unexpected Closure in California

By Frank Nez
July 2, 2024
2

A famous chain now makes an unexpected closure in California after serving its community for 75 years, sources report.

Caspers Hot Dogs is a small franchised hot dog stand in the California Bay Area that has been around since 1949.

Its Hayward location, now multiple decades old, will be closing come July 13, much to the disappointment of dedicated patrons, reports The-Sun.

Co-owner Ron Dorian explained that the decision came as Caspers made the move to downsize its operations, reported SFGate.

The decision came after a culmination of decreased Hayward foot traffic and the presence of a competing, newer Caspers in the area.

Although laden with history, the owners chose to close up the older location, with Dorian citing it as a more “logical” decision.

Once the 951 C St. Hayward location closes, the company will be left with just six locations:

  • 1280 Newell Hill Pl., Walnut Creek
  • 2530 MacDonald Ave., Richmond
  • 6 Vivian Drive, Pleasant Hill
  • 5440 Telegraph Ave., Oakland
  • 21670 Foothill Blvd., Hayward
  • 6998 Village Parkway, Dublin

The store originally opened in 1949, before expanding to its peak to seven stores.

Knowing what the establishment meant to the community, Dorian thanked “loyal, multi-generational customers” who have been visiting the restaurant since its inception.

“We appreciate the memories our customers have made in downtown Hayward and encourage them to visit our Caspers location just a mile up the road on Foothill Blvd. to continue their traditions and create new ones for generations to come,” Dorian said in a statement.

Co-owner Paul Rustigian, Dorian’s cousin, shared his own words or gratitude, this time, aimed at employees.

He thanked workers “who provided friendly service and exceptional dedication in making Caspers C Street a favorite among local Hayward residents.”

The location was built, as one of the first restaurants, by the pair’s elders, Steve and Ardam Beklian (Dorian’s grandparents) and Paul and Rose Agajan (Rustigian’s grandparents).

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Other Economy News Today

Market News Today - A Famous Chain Now Makes An Unexpected Closure in California.
Market News Today – A Famous Chain Now Makes An Unexpected Closure in California.

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.

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Market News Today - A Famous Chain Now Makes An Unexpected Closure in California.
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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    July 2, 2024 at 10:05 pm

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  2. Frank Nez says:
    July 2, 2024 at 10:04 pm

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