A Restaurant In California Now Announces Unexpected Closure

A restaurant in California now announces an unexpected closure after 25 years of businesses, sources report.

The Chevys Fresh Mex establishment in Emeryville – around 10 miles from San Francisco – will close down shop on Monday April 22, reports The-Sun.

The chain was renowned for its famous oven ‘El Machino‘, which could produce tortillas every 53 seconds.

Unfortunately, more than 60 workers are scheduled to lose their jobs once the restaurant closes.

News of the pending shutdown has left diners in mourning, says The-Sun.

“It was a good location. Went there many times with the guys, dates, birthdays,” one customer said.

“It’s a beautiful spot, maybe a classy joint will move in,” another posted online.

“What is going on?!! Seriously, what are we going to be left with?” a third fan lamented.

Fans said they flocked to the restaurant to enjoy the view of the waterfront.

“If you’re ever in the Emeryville, California, area and want a million dollar view from your patio table at an affordable restaurant, Chevys Fresh Mex restaurant is the place to go!” a diner said.

“After 25 dedicated years in the Bay Area community, Chevys will be closing its Emeryville location in April,” Mike Johnson, the COO at Xperience Restaurant Group – the parent company of Chevys – told The U.S. Sun.

“Unfortunately, we were unable to reach a lease renewal agreement, leading to this difficult decision.

The restaurant’s last day of business will be April 22, 2024.

We are thankful for our loyal diners and, especially to our committed team members, who have tirelessly contributed to serving our Bay Area community with the fresh cuisine for which we are known.”

“Chevys will continue to operate throughout eight additional Northern California locations and beyond, including Union City, Vallejo, and South San Francisco.”

Chevys was founded in Alameda in 1986 but the chain has restaurants across the US.

It also has a presence in Florida, South Dakota, Minnesota, Missouri, Virginia, and New Jersey.

Also Read: This Massive Mall Retailer Is Now Closing In California

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Market News Today - A Restaurant In California Now Announces Unexpected Closure.
Market News Today – A Restaurant In California Now Announces Unexpected Closure.

This massive restaurant is now closing 41 locations over the next quarter due to major underperformance, sources report.

Bloomin’ Brands will close 41 stores over the next quarter, reports Restaurant Dive.

These units include 36 “predominantly older, underperforming restaurants” and five Aussie Grill locations, including three in the U.S. and two in international markets, according to the company’s latest earnings release.

Bloomin’ decided to close the restaurants in question following a periodic review of assets that included consideration of trade area, historical performance and the investment required to renovate the units and strengthen their sales, CEO David Deno said on the company’s Q4 2023 earnings call.

The company will see “asset impairments and net closure charges of $32.3 million during Q4 2023.

We expect to complete these closures during Q1 2024 and incur charges of between $8 million and $11 million,” according Bloomin’s earnings release.

Deno said Bloomin’ would offer transfer opportunities to a large number of impacted employees and severance payments to those it cannot place.

The closures were not a reflection of the performance of individual employees, Deno said.

“A majority of these restaurants were older assets with leases from the 90s and early 2000s,” Deno told analysts.

Aussie Grill, the smallest of Bloomin’s brands, will be hardest hit by the closures.

According to the chain’s Q3 earnings release, the fast casual brand had 14 units at the start of Q4, with seven in the U.S. and seven in international markets.

The chain’s five closures represent a more than 35% drop in unit count for the brand.

Bloomin’ expects to open 40 to 45 new restaurants in 2024, in areas Deno described as “promising trade areas with great potential.”

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Also Read: SNAP Benefits Will Now Increase For The Year 2024

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Market News Today - A Restaurant In California Now Announces Unexpected Closure.
Market News Today – A Restaurant In California Now Announces Unexpected Closure.

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