Eat Here Brands

Situation After trying to open too many restaurants at once, Eat Here Brands found itself with mounting debt and several closed locations. However, it still had six performing locations as well as a seventh location under construction with a favorable lease in a desirable area. The Board and debt holders brought in GGG to assess the situation and determined that filing for protection under Chapter 11 of the Bankruptcy Code would be the best course of action. Action GGG worked with the company and persuaded the current debt holder to provide a Debtor-in-Possession loan. GGG developed an aggressive plan and budget to sell the remaining restaurants within 13 weeks. GGG [...]

2020-09-16T11:37:18+00:00 Bankruptcy, Restaurants|