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Home/Banking News/Comfort Restaurant Is Now Closing Over A Surge In Crime
Market News Today - Comfort Restaurant Is Now Closing Over A Surge In Crime

Comfort Restaurant Is Now Closing Over A Surge In Crime

By Frank Nez
February 22, 2024
2

A comfort restaurant is now closing over a surge in crime after it created a Go Fund Me to keep its doors open, sources report.

Stop Smack’N, started by D.C. natives DeAndre Green, Stanley Childs, and Chef Larry “Murf” Cooper, said that it was closing over a rise of crime and costs in Washington, D.C.

“Due to a high rise in crime in Washington, DC, we have been struggling to keep our doors open as our sales revenue has dropped over 50%!” read the GoFundMe.

“We have faced some particularly tall and costly hurdles that have set us back significantly since the beginning.

As we are tapping every resource we can imagine with creativity and open minds we need urgent assistance.”

Stop Smack’N originally started in Chef Murf’s mother’s house in 2020 during COVID-19 and grew into a bigger business due to their social media fan base.

They stated that any funds raised through the GoFundMe will go to catching up on overhead costs and debts from last year’s slow season.

The restaurant officially opened in July 2021 and has given jobs to college students, DC residents, and minorities, reports The-Sun.

“Since opening, it has been extremely challenging as we have dealt with COVID-19 restrictions and a rise in crime, which has left many of our customers afraid to dine out,” the post continued.

They also said that they have built many relationships with local colleges, organizations, and other restaurants and businesses.

“However, like many other restaurants in the city, we are struggling to keep our doors open.

We want to continue to serve delicious food in the warm, safe, and comfortable environment we created,” the post concluded.

The business has seen an increase in customer traffic before its closing and hopes that is a promising factor in the restaurant’s reopening.

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Also Read: A Famous Restaurant Chain Now Closes 4 Locations in Florida

Other Economy News Today

Market News Today - Comfort Restaurant Is Now Closing Over A Surge In Crime.
Market News Today – Comfort Restaurant Is Now Closing Over A Surge In Crime.

Another popular restaurant now declares an unexpected bankruptcy after closing several chains in Chicago, Arizona, and California.

Etta Collective, a small chain that operates multiple concepts in Chicago, Arizona and Los Angeles has closed several restaurants and has filed for Chapter 11 bankruptcy, reports TheStreet.

The chain closed its namesake restaurant in Los Angeles last year and abruptly shut down a Chicago-area restaurant, Sophie’s, earlier this year.

Now, after defaulting on a $2.5 million loan, the company’s owner, restaurateur David Pisor, has officially made the bankruptcy filing.

Pisor’s Etta collective runs a number of different concepts including its namesake restaurants, a bakery cafe, Alston House, a high-end steakhouse, and Kari, an upscale sushi concept.

The chain also has Marilyn’s, a planned concept that has not opened.

Pisor has said that the bankruptcy filing was made in order to help the company continue to operate.

“We have made a proactive decision to commence this strategic reorganization process with the cooperation of our lender, who has agreed to work with us so that we can come out of this process even stronger than before,” Restaurant Business reported.

The bankruptcy process could include a sale of the brand as the investor John Leahy has emerged as a bidder for the company’s assets.

“Our aim is to best position the Etta brand for future success,” Pisor said in a statement.

“By filing for protection under Chapter 11, we will be able to restructure our financial position while continuing our daily operations and keeping our locations open. 

As has already happened in our Scottsdale location, we predict that we will emerge stronger both operationally and financially.”

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Also Read: Another Mall Clothing Retailer Now At High Risk of Bankruptcy

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Market News Today - Comfort Restaurant Is Now Closing Over A Surge In Crime.
Market News Today – Comfort Restaurant Is Now Closing Over A Surge In Crime.

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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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  1. Frank Nez says:
    February 22, 2024 at 4:58 pm

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  2. Frank Nez says:
    February 22, 2024 at 4:58 pm

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