A Popular Restaurant Now Makes A Painful Closure in California

A popular restaurant now makes a painful closure in California after serving its community for 15 years, sources report.

Mexican restaurant and Chipotle rival Aldanberto’s Mexican Food in Folsom, California – located about 108 miles west of San Francisco – is shutting its doors at the end of the month after 15 years in business.

The news of the closure was revealed in a notice posted at the restaurant, however, a reason wasn’t provided.

“While this chapter is coming to a close, we are excited to share that we are actively seeking a new location in the Fair Oaks area,” the note read.

“Nothing is guaranteed but we hope to continue serving you and meeting your needs in our new venue.”

It’s unclear if employees will be transferred to the new location.

As mom-and-pop eateries have struggled to stay afloat, many chain restaurants have also been on the chopping block this year, reports The US Sun.

Many restaurants have closed for several reasons such as underperformance, financial strain, and changes in consumer habits.

In 2024 so far, Red Lobster, Tijuana Flats, Pizza Hut, TGI Friday’s, and several other restaurant chains have closed several locations.

Mitchell Olsen, a marketing professor specializing in retail at the University of Notre Dame in South Bend, Indiana, shared some of the reasons why so many restaurants have had to close their doors.

With food prices on the rise, Olsen told The U.S. Sun that inflated prices have heavily impacted casual restaurants.

“On one hand, it’s more expensive to operate restaurants due to higher wages and food costs,” he said.

“Consumers are starting to push back against the high cost of dining out by thinking twice about that appetizer or going to a restaurant in the first place,” said Olsen.

Inflation has triggered closures across the country.

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

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Market News Today - A Popular Restaurant Now Makes A Painful Closure in California.
Market News Today – A Popular Restaurant Now Makes A Painful 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.

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

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Market News Today - A Popular Restaurant Now Makes A Painful Closure in California.
Market News Today – A Popular Restaurant Now Makes A Painful Closure in California.

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