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JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Margin Call Forces Citadel Rival Into $15 Billion Loss
Home Sales Fall To A New Record Low
More US Consumers Are Beginning to Cut Retail Spending
Beloved Grocery Store Ice Cream Company Now Files Unexpected Bankruptcy
Fed Report: Auto Loan and Mortgage Delinquencies Soar Amongst Americans
Home/Banking News/Two Unexpected Restaurant Locations Are Now Closing in California
Market News Today - Two Unexpected Restaurant Locations Are Now Closing in California

Two Unexpected Restaurant Locations Are Now Closing in California

By Frank Nez
May 31, 2024
2

Two unexpected restaurant locations are now closing in California as the chain prepares to face legal action from management after shuttering.

A Rubio’s Coastal Grill location abruptly shuttered its doors and tried to dodge a property management notice.

The location is in El Dorado Hills, California, 29 miles east of Sacramento, was served a “three-day pay or quit” after missing a few months of rent payments.

The El Dorado Hills Rubio’s did not respond to the notice and just put up a sign that it was closing after getting served, ABC affiliate KXTV reported on Thursday.

Unfortunately, the closure was due to facing struggles of rising costs to run a restaurant in California, the chain said.

It was open for one day following the “three-day pay or quit” and then abandoned the storefront.

Dawn Bricker, a town center spokeswoman explained he believes this was their way of avoiding the property management’s request.

“They ducked and ran in the night, basically,” Bricker told KXTV.

Rubio’s opened as part of a corporate deal and was paying its rent through a third party.

The property management was lenient with the rent payments for this reason.

It now feels burned that Rubio’s left with no heads up.

“We see our tenants as partners,” Bricker said.

“They didn’t treat it as a partnership.”

Rubio’s attempted to clear out the storefront after closing which angered the property management team, per KXTV.

Once informed of the clearing out, the property management team called their lawyers to encourage them to stop.

The property management team plans to pursue legal action for damages for the incident, KXTV reported.

The El Dorado Hills closure comes as the chain was forced to close two other locations in California recently as well.

Rubio’s shuttered doors to its locations in Fresno and Folsom.

It said it closed its Folsom location for similar complications as El Dorado Hills with rising costs in California, per KXTV.

However, the Fresno location abruptly closed with no explanation to its customers.

The Fresno location closed in mid-May and only left a note on its door.

Employees were also left with no notice.

This left customers and employees in shock that the company would not be considerate, reports The-Sun.

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

Other Economy News Today

Market News Today - Two Unexpected Restaurant Locations Are Now Closing in California.
Market News Today – Two Unexpected Restaurant Locations Are Now Closing 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 - Two Unexpected Restaurant Locations Are Now Closing in California.
Market News Today – Two Unexpected Restaurant Locations Are Now Closing in California.

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Frank Nez

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  1. Frank Nez says:
    May 31, 2024 at 10:13 pm

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  2. Frank Nez says:
    May 31, 2024 at 10:13 pm

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