A restaurant in Ohio is now making unexpected closures of most of its locations citing industry difficulties since the COVID-19 Pandemic.
Two Bucks, based in Northeast Ohio, announced the “bittersweet” news in a message to its fans.
The chain is set to shut four of its six branches at the end of the week.
Two Bucks’ Lakewood, Middleburg Heights, North Olmsted, and Parma locations have been sold.
This means the restaurant’s Avon and Eastlake locations will stay open.
The chain’s original branch, in Avon, will survive the abrupt closures and stay “unchanged.”
Two Bucks cited industry difficulties since the COVID-19 Pandemic as the reason for these closures, in a Facebook post to its fans.
“Navigating the restaurant industry in this post-pandemic world, with growing economic issues, is becoming increasingly difficult,” the post said.
The chain opened in 2010 and explained these closures would help the company last into the future.
“This was a very difficult decision for us to make, both personally and professionally, for many reasons,” the chain said.
“However, ultimately, this move will put the company in a much better position for continued success.”
The company said that these locations would be run by other operators next week.
Two Bucks also thanked its customers and staff for their services through the years.
“We have so many fond memories of serving the local community and working with tons of great people from the area,” the chain said.
Fans shared their heartbreak in the comments following the sad announcement.
“The end of an Era,” one person said.
Some customers revealed which items they would miss the most.
“What? I order from Parma and Middleburg all the time. I’m so sad!!!” one Facebook user wrote.
“Where am I gonna get my chicken bacon ranch wrap from on almost a nightly basis?”
“Was just there Saturday enjoying two-buck Guinness,” another person wrote.
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Other Economy News Today
An essential retailer is now making more painful closures nationwide after the giant filed for an unexpected bankruptcy in October.
Rite Aid filed a notice in the U.S. Bankruptcy Court for the District of New Jersey on April 16 seeking to close 13 additional stores located in the East and Midwest, reports TheStreet.
The notice identified six stores in Pennsylvania, three in Ohio, two in New Jersey and one each in New York and Virginia.
The additional store closures bring the amount of shuttered locations to 322 of the original 2,100 stores that were open when the company filed for Chapter 11 bankruptcy on Oct. 15, 2023.
Rite Aid, which listed $3.3 billion in debt in its petition, filed bankruptcy facing tight co from rivals including CVS, Walgreens Boots Alliance, Walmart, Costco, Amazon, and investor Mark Cuban’s CostPlus Drug.
The company was also a defendant in a civil lawsuit filed against it by the Department of Justice in March 2023.
They alleged that the chain’s pharmacists inappropriately filled opioid prescriptions, contributing to the opioid epidemic.
The bankruptcy filing provided an automatic stay of any further legal action against the debtor in the lawsuit.
Rite Aid seeks to negotiate a less expensive settlement, which could have amounted to more than $1 billion without the bankruptcy filing.
The drugstore chain has filed several notices for additional store closures since its Oct. 17 motion to reject store leases and close 154 stores.
In November and December, it filed notices to reject 55 more stores and in late December and early January, it sought another 45 closures.
The Philadelphia-based drugstore chain filed notices on April 2 to close 30 stores, April 3 to close six locations and April 9 to close 17 stores.
In California, 18 of the stores are set to be closed.
The closure list also included 13 in New York, 12 in Pennsylvania, three in New Jersey, two in Michigan, two in Ohio, and one each in Maryland, Massachusetts and Virginia.
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Also Read: Giant Restaurant Now Makes An Unexpected Closure in South Carolina
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