A Popular Mexican Grill Now Makes An Unexpected Closure

A popular Mexican grill now makes an unexpected closure of its last location, leaving a heartfelt goodbye note to its diners.

Sandbar Mexican Grill, based in Arizona, has made the tough decision to close its once-thriving location.

The chain’s final location was in Gilbert, around 20 miles west of Phoenix.

Monday, May 6, marked the restaurant’s final day of operations.

A note on the company’s website thanked its customers.

“Farewell Gilbert. Thanks for the memories,” the message said.

“Your patronage has been the cornerstone of our success, and we are truly grateful for the memories we’ve shared together.”

This message also shared a flavor of an exciting update to the space.

“While this chapter may be coming to a close, we are excited about what the future holds…” the note added.

“Stay tuned!”

The group, which has three locations at one point, was described as once “thriving,” by the Phoenix Business Journal.

Sandbar was owned by the restaurant group Evening Entertainment Group, which operates several other chains.

EEG replaced a previously closed Sandbar location in Desert Ridge with another of their chains named Backyard in March.

The group has said it plans to keep the Gilbert location and possibly renovate it to house one of its other companies, according to The Arizona Republic.

Plans for this new venture will reportedly be released in a few months.

The co-owner of EEG, Les Corieri, said he was sad to say goodbye to the restaurant but was excited for the future of the space.

“Sandbar has had an incredible run here in Gilbert,” Corieri said.

“While we are sad to see it go, EEG has always stayed on the forefront of nightlife and dining, and we are excited to reveal an amazing new venue right here in Gilbert this fall.

We love this neighborhood and can’t wait to welcome everyone back soon for the grand opening party.”

For more news and updates like this, opt-in for push notifications.

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

Other Economy News Today

Market News Today - A Popular Mexican Grill Now Makes An Unexpected Closure.
Market News Today – A Popular Mexican Grill Now Makes An Unexpected Closure.

A massive clothing retailer is now closing all 540 stores in just six weeks after unexpectedly filing for bankruptcy.

Liquidation sales will be held at rue21 outlets across the US as bosses rush to clear the last remaining stock.

The clothing retailer has entered bankruptcy and bosses have announced plans to close all 540 remaining stores within six weeks, reports The US Sun.

It is the third time in less than 25 years the fashion retailer has entered bankruptcy, per Bloomberg.

Court documents seen by Reuters revealed the company has more than $190 million of debt.

The chain has 540 stores across the US and 4,900 workers are set to be impacted.

Outlets are to slam shut within four to six weeks, according to court papers.

Bosses also announced plans to sell the company’s intellectual property.

The company narrowly avoided going into bankruptcy in October 2022.

Chiefs filed for bankruptcy in 2017 as they rushed to clear around $700 million worth of debt.

Bosses shuttered 400 stores as well and renegotiated leases.

Execs identified the rise of online shopping and changing consumer trends as reasons behind the bankruptcy.

Michele Pascoe, the interim CEO, also alluded to the impacts of competition and inflation.

The company also filed for bankruptcy in 2002.

At its peak, the company had more than 1,000 stores across the US.

The chain has dozens of outlets across several states, including Florida, Georgia, Illinois, North Carolina, Pennsylvania and Texas.

The teen fashion retailer is not the only clothing chain that has entered bankruptcy over the past year.

Last month, Express chiefs filed for bankruptcy, and at least 100 stores are set to close.

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

Market News Published Daily 📰

Market News Today - A Popular Mexican Grill Now Makes An Unexpected Closure.
Market News Today – A Popular Mexican Grill Now Makes An Unexpected Closure.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



2 Comments

  1. Frank Nez

    Leave your thoughts below.

  2. Frank Nez

    For more news and updates like this, opt-in for push notifications.

Leave a Reply

© 2024 Franknez.com

Theme by Anders NorenUp ↑