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Home/Banking News/An Unexpected Restaurant Chain Is Now Closing Locations in Florida
Market News Today - An Unexpected Restaurant Chain Is Now Closing Locations in Florida

An Unexpected Restaurant Chain Is Now Closing Locations in Florida

By Frank Nez
June 10, 2024
2

An unexpected restaurant chain is now closing locations in Florida following a Chapter 11 bankruptcy, an unfortunate part of restructuring.

Tijuana Flats, the Central Florida-based restaurant chain, announced last month that it closed several of its locations after being acquired by new owners.

Flatheads, LLC acquired the brand, though the company said it filed for Chapter 11 bankruptcy protection.

Among the 40 upcoming restaurant closures, 11 are located in the chain’s home state of Florida, further reducing its once-robust footprint.

Nearly a dozen more locations across cities like Miami, Tampa, and West Palm Beach have received the news that they will cease operations in 2024.

Communities in Miramar, Plantation, Coconut Creek, and others will lose their neighborhood Tijuana Flats as the company continues to downsize.

Below is a list of Tijuana Flats closing in Florida:

  • 14633 Miramar Parkway — Miramar
  • 1371 S. University Drive — Plantation
  • 1619 E. Sunrise Blvd. — Fort Lauderdale
  • 5065 Old Dixie Hwy. — Oakland Park
  • 6970 State Road 7 — Coconut Creek
  • 431 S. Federal Hwy. — Pompano Beach
  • 20401 State Road 7 — West Boca Raton
  • 2089 Palm Beach Lakes Blvd. — West Palm Beach
  • 4027 S. Dale Mabry Hwy. — Tampa
  • 17501 Preserve Walk Lane, Unit 103 — Tampa
  • 1635 S. Tamiami Trail — Sarasota

Tijuana Flats isn’t the only restaurant chain struggling at the moment.

Popular seafood chain Red Lobster has also recently filed for bankruptcy protection and has shut down a myriad of locations across the United States, including Florida.

For more store closure 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 - An Unexpected Restaurant Chain Is Now Closing Locations in Florida.
Market News Today – An Unexpected Restaurant Chain Is Now Closing Locations in Florida.

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 - An Unexpected Restaurant Chain Is Now Closing Locations in Florida.
Market News Today – An Unexpected Restaurant Chain Is Now Closing Locations in Florida.

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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 publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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Other Articles
Market News Today - A Massive Restaurant Now Plans More Closures in California
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An Unexpected Grocery Chain May Now Begin Closures in Massachusetts

2 Comments
  1. Frank Nez says:
    June 10, 2024 at 4:17 pm

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  2. Frank Nez says:
    June 10, 2024 at 4:17 pm

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