Sticky Fingers Rib House Files for Chapter 11 Bankruptcy
Another Popular Fast Casual Restaurant Chain Files For Bankruptcy | The Bobby Bones Show đź”—
Sticky Fingers Restaurants LLC, known for its Sticky Fingers Rib House chain, filed for Chapter 11 bankruptcy on March 1. The chain, which once had 11 locations across South Carolina, Tennessee, and Florida, faced challenges during the COVID-19 pandemic, leading to the closure of nine restaurants. In its bankruptcy filing, the company reported assets between $50,000 and $10 million in liabilities, with plans to distribute funds to unsecured creditors. Sticky Fingers is part of a trend where several fast casual dining chains, including BurgerFi and Tijuana Flats, have also filed for bankruptcy post-pandemic.
- Sticky Fingers Rib House filed for Chapter 11 bankruptcy on March 1.
- The chain had up to 11 locations before the pandemic but closed nine.
- The bankruptcy petition lists $50,000 in assets and $1 million to $10 million in liabilities.
- Other chains like BurgerFi and Tijuana Flats have also filed for bankruptcy recently.
What led to Sticky Fingers Rib House filing for bankruptcy?
The COVID-19 pandemic resulted in significant challenges, including the closure of nine of its locations.
How many locations did Sticky Fingers have before the pandemic?
Before the pandemic, Sticky Fingers Rib House had up to 11 locations across South Carolina, Tennessee, and Florida.
What are the reported assets and liabilities in Sticky Fingers' bankruptcy filing?
Sticky Fingers reported assets of up to $50,000 and liabilities between $1 million and $10 million in its bankruptcy petition.