WikiMedia Commons / Anthony22
Purple Lobster is closing at the least 99 places throughout the U.S.
Forward of Tuesday’s submitting for Chapter 11 chapter reorganization, Purple Lobster abruptly shuttered one among its six San Antonio places final week, putting all of the gear inside up for public sale.
The profitable bid? A cool $15,500, data present.
With monetary woes mounting, the Orlando-based seafood chain shuttered greater than 10% of its places nationwide. The placement at 7835 Interstate 35 South was among the many a number of dozen handed over to liquidation agency TAGeX Manufacturers to carry auctions of their gear.
The Southwest San Antonio retailer’s stock included big-ticket objects equivalent to high-performance ovens, upright fridges and freezers together with bar and eating room requirements.
After a beginning bid of $5,000, the objects finally moved for $15,500. There have been six bids in whole, in response to on-line data.
Earlier this yr, 55-year-old Purple Lobster’s largest investor, Thai Union, introduced it was seeking to dump its stake. The chain’s funds have been strained by its $20 all-you-can-eat-shrimp supply and a troublesome restaurant working surroundings, CNN studies. Subscribe to SA Present newsletters.
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