April 9, 2009

Music to my ears: Fatburger bankrupt

Two Fatburger subsidiaries have filed for Chapter 11 Bankruptcy protection.

Who said that Americans would only eat cheap hamburgers during this recession? In any case they are not eating those fatburgers in California and Nevada.

Americans are starting to make wise choices, and the day of the hamburger is almost over.

From the Las Vegas Sun:

Fatburger Restaurants of Nevada Inc. and its sister company in California have filed for Chapter 11 bankruptcy protection, saying the recession has slowed sales and reduced the availability of bank financing.

The filings Tuesday in U.S. Bankruptcy Court in San Fernando Valley, Calif., say Fatburger has 13 restaurants in Nevada with 205 employees, as well as two parcels of developed real estate. The Nevada restaurants generated sales of $12 million in 2008, the company said. More...


Anonymous said...

You have no idea what you are talking about. Fatburger is actually quite a lean and healthy burger--they even have a great turkey burger. And it's not cheap at all--I think that's key to why they are having problems, you can't get out of there for under $10.

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