![]() The company also lists multiple disputed breach of lease claims totaling more than $2 million, as well as several other rent and sales tax debts.įresh Acquisitions and its affiliates are party to 71 restaurant leases, which include 57 locations where restaurants “have ceased operations,” the company said in a filing with the bankruptcy court seeking relief from its rent burden. In the bankruptcy filing, Fresh Acquisitions listed its largest unsecured creditor as supplier Dynamic Foods of Lubbock, Texas, which is owed about $4 million. “As with almost every one of our peers, buffet restaurants took the brunt of the loss of sales during the pandemic and as such, the path to success requires hard choices to be made, including the rationalization of our overall footprint,” said Jason Kemp, co-founder and CEO of VitaNova Brands, in a statement this week. ![]() Last October, the company said it was permanently closing four buffet units, including two Hometown Buffet restaurants in California, a Ryan’s in West Virginia and an Old Country buffet in Chicago. VitaNova said it manages all store-level and corporate operations for, Zio’s Italian Kitchen, Sushi Zushi, the Tahoe Joe’s steakhouse brand, and Furr’s AYCE Marketplace. It also added an online foodservice offering through, which offers brands owned by VitaNova. Last August, VitaNova, which previously had been known as Food Management Partners, said it was converting some of Furr’s locations to the AYCE Marketplace concept, which features a table-service, all-you-can-eat offering. “The company plans to reopen as many Furr’s as possible, contingent upon pandemic restrictions and landlord negotiations,” she said.Īsked about the fate of other banners, the spokeswoman said it was “up to the courts.” There are currently six T ahoe Joe's operating today, a spokeswoman for VitaNova Brands told Nation’s Restaurant News. VitaNova Brands, which manages Fresh Acquisitions’ restaurants through an agreement with the company, is providing a debtor-in-possession loan of $3.5 million, and said it would focus on operating the Tahoe Joe’s and Furr’s AYCE Marketplace banners going forward. Several of Fresh Acquisitions’ affiliates, including Buffets LLC, also filed bankruptcy at the same time. San Antonio-based Fresh Acquisitions LLC listed assets of between $1 million and $10 million, and liabilities of between $10 million and $50 million, according to its bankruptcy filing, which was made in the Northern Texas Division of the U.S. The ever-familiar HomeTown, Old Country, Country and Ryan's Buffet chains are also changing the way they do business so they don't end up like Souplantation, which closed for good due to COVID-19.The parent company of Furr’s Fresh Buffet, Ryan’s, Old Country Buffet, Hometown Buffet and other concepts filed for Chapter 11 bankruptcy protection this week.acquired Ryan's Restaurant Group adding 340 Ryan's Grill Buffet. The current Chief Executive Officer is R. Scott left in 1989 to start HomeTown, but the two chains merged back together in September 1996. The company was founded by Roe Hatlen and C. MINNEAPOLIS - Seven Old Country Buffet locations in Minnesota will be part of the nationwide closure, announced by the. Buffet Restaurants Restaurants Family Style Restaurants. This is not valid – there is no old country buffet at this # or location! Half the time on YP the locations and information is wrong.Ovation Brands, which acquired Food Management Partners in August 2015, closed 74 underperforming restaurants, including three in the Sacramento. When did Hometown Buffet close in Sacramento? Old Country Buffet, Hometown Buffet, Ryan's, Fire Mountain and Country Buffet restaurants throughout the United States were permanently closed on Thursday.
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