2018-04-16 — usatoday.com
For now, the company said it has 59 remaining operating locations and they are still open. But the company warned that it faces a serious risk of going out of business without a speedy bankruptcy sale.
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The chain has already slashed more than $5 million in costs through job cuts, lease concessions and other measures since the start of 2017.
But the casual dining sector's ailments were too much to overcome. Sales are below 2011 levels, according to a court filing.
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The company currently employs more than 4,200 workers. It has about $119 million in debt.
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