General Discussion
Showing Original Post only (View all)Zombie restaurants [View all]
You see them all across the country, in shopping malls and street corners, suburban towns and city centers: zombie restaurants.
Many of the undead are part of familiar chains that filed for Chapter 11 bankruptcy protection this year: Friendlys, Chevys, Sbarro, Perkins. The zombie restaurants, barely bringing in enough cash to cover basic expenses, always seem to be one sizzling fajita or glazed chicken skewer away from a merciful end, but somehow keep hanging on leaving too many restaurants chasing after scarce dining dollars.
Theres a lot of walking dead, said Bob Goldin, executive vice president for Technomic, a consulting firm that works with restaurant companies. A lot of chains, they hang in there and theyre hard to kill off.
http://www.nytimes.com/2011/12/28/business/bankrupt-restaurants-are-still-holding-on.html?nl=todaysheadlines&emc=tha25
A sign of the times?