After serving the community for fifteen years, a well-known restaurant in California is now having a difficult shutdown, according to reports.
After 15 years in operation, the Mexican eatery Aldanberto’s Mexican Food, which rivals Chipotle and is situated in Folsom, California, 108 miles west of San Francisco, will close at the end of the month.
A note at the restaurant announced the closure, but it didn’t say why.
The statement said, “While this chapter is coming to an end, we are excited to share that we are actively seeking a new location in the Fair Oaks area.”
“While nothing is guaranteed, we hope to continue serving you and attending to your needs in our new location.”
It’s not known if workers will be moved to the new site.
According to The US Sun, a lot of chain restaurants have been put on the cutting edge this year as mom-and-pop establishments have fought to survive.
Numerous eateries have shut down due to a variety of factors, including poor performance, financial difficulty, and shifts in customer preferences.
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Red Lobster, Tijuana Flats, Pizza Hut, TGI Fridays, and a few more restaurant franchises have shuttered multiple locations thus far in 2024.
At the University of Notre Dame in South Bend, Indiana, Mitchell Olsen, a professor of marketing with a focus on retail, gave some explanations for why so many eateries have had to close.
Olsen told The U.S. Sun that rising food prices have had a significant negative impact on casual dining establishments.
“On the one hand, the increased costs of wages and food make operating restaurants more expensive,” he stated.
Olsen stated that “consumers are starting to push back against the high cost of dining out by thinking twice about that appetizer or going to a restaurant in the first place.”
All around the nation, closures have been brought on by inflation.
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After announcing plans to eliminate 36 sites, an unexpected restaurant now abruptly shutters 7 stores in one state.
As part of its continued expansion plan, TGI Fridays is shutting down seven locations in one state.
This comes after, according to The-Sun, the business unexpectedly shuttered 36 stores in 12 states at the start of the year.
In the next several weeks, the restaurant business will close seven of its outlets around the state of New Jersey.
TGI Fridays CEO Weldon Spangler stated earlier this week, “We see a bright future for TGI Fridays as we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy.”
“We are in a unique position to continue providing our fans with ‘That Fridays Feeling,’ as we explore endless advancement, expansion, and innovation.”
According to the company’s website, TGI Fridays had around 270 locations in the US before the closures.
The firm had earlier released a statement saying, “As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees.”
Ray Risley, US president and chief operating officer, stated in the release that “our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise.”
Former CEO Ray Blanchette, a longstanding supporter, purchased eight additional sites. He will now control the restaurants that were previously held by the corporation.
The transaction coincides with significant changes to the brand’s leadership, chief among them the appointment of Weldon Spangler to the position of CEO.
“We envision a bright future for TGI Fridays as we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy,” Spangler said in a statement.
