A POPULAR local Italian restaurant is closing its doors after filing for bankruptcy, leaving customers in a state of shock.
Buca di Beppo, a restaurant chain similar to Olive Garden, was forced to close 13 of its stores due to financial difficulties.
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The restaurant filed for Chapter 11 bankruptcy a few days later.
Fans of the restaurant were devastated that the local family-style restaurant was closing its doors.
“World of Beer and Buca Di Beppo file for bankruptcy, sad day“, a place he wrote in X.
“No bucca AAAAAAAAAAA”, commented another.
“There will never be anyone else who does it better,” replied the poster.
“Buca Di Beppo declares bankruptcy. RIP to my family size pasta dish for my table, party of one,” a third fan tweeted.
“Rip to Buca Di Beppo, America’s last charming chain restaurant,” shouted a fourth.
CLOSING
Buca di Beppo has closed several locations across the country, from California to New York.
The chain voluntarily filed for bankruptcy on Aug. 5, according to a Press release.
“This is a strategic step towards a strong future for Buca di Beppo,” said President Rich Saultz.
“While the restaurant industry has faced significant challenges, this move is the best next step for our brand,” he continued.
“By restructuring ourselves with the continued support of our creditors, we are paving the way for a reinvigorated future.”
Chapter 11 bankruptcy generally occurs when a company is undergoing reorganization.
The debtor can continue to operate the business and typically remains in possession of the company’s assets.
When a company files for Chapter 11 bankruptcy, it does not affect shareholders’ personal funds.
As previously reported, Buca di Beppo owes at least 30 creditors between $15 million and $50 million.
Buca di Beppo locations closing
Buca di Beppo is closing 13 locations including,
- 7111 West Ray Road, Chandler, Arizona
- 3612 Tudor Boulevard, Austin, Texas
- 38888 Six Mile Road, Livonia, Michigan
- 615 Flatiron MarketPlace Drive, Broomfield, Colorado
- 202 West 300 South, Salt Lake City, Utah
- 935 East Fort Union Boulevard, Midvale, Utah
- 10915 Carolina Place Parkway, Pineville, North Caroline
- 6045 East 86th Street, Indianapolis, Indiana
- 15350 South 94th Avenue, Orland Park, Illinois
- 2745 Paper Mill Road, Wyomissing, Pennsylvania
- 44 Wolf Road, Cologne, new York
- 2335 Mansell Road, Alpharetta, Georgia
- 1212 Galleria Boulevard, Sacramento, California
GOOD NEWS
There is a light at the end of the tunnel for Buca di Beppo fans as the restaurant will continue to operate in 44 locations across the country.
Gift cards, reservations and promotional services will remain active.
Buca is also opening a new location and a press representative told The US Sun there are no plans to close any other restaurants.
The restaurant was founded in Minneapolis in 1993 and has spread to dozens of states across the country.
Restaurant Closings in 2024
BOSSes of major restaurant chains have announced a series of restaurant closures. The US Sun compiled a list of those affected by the network.
- Biscuit Barrel: Stores in Medford, Oregon, Columbia, South Carolina and Sacramento, California, closed.
- Mod Pizza: Bosses dramatically closed 27 stores in April, including some in the state of California.
- Frisch’s Big Boy: Restaurant bosses confirmed the closure of a restaurant in Covington, Kentucky, in April.
- Outback Steakhouse: The chain will close 41 “underperforming” locations this year.
- Two dolars: Four restaurants in Ohio closed in April.
- Pepper: A restaurant in Port Arthur, Texas, has closed permanently, as has another in Irvine, California.
- Friendly: Bosses have confirmed that an establishment in Ronkonkoma, Long Island, will close.
- Pizza Hut: A restaurant in Glen Falls, New York, closed in late March, followed by four in Ohio in June and 15 in Indiana.
- Danny: Two restaurants in Boise and Nampa, Idaho, have closed.
- Carl’s Jr.: The first location in Boise, Idaho, has closed.
- In and out: A location in Oakland closed earlier this year due to crime in the area.
- cheesecake factory: The chain is expected to close a location in Memphis, Tennessee, in July.
- Applebee’s: Announced the closure of between 25 and 35 locations this year.
- Taco John’s: He closed a restaurant in Minnesota and put the building up for sale in May.
- Rubio’s Coastal Grill: Announced the closure of 48 locations in California after filing for bankruptcy.
- Burger King: It closed a California location in June after 30 years.
This story originally appeared on The-sun.com read the full story
