YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

The Perkins Restaurant & Bakery on West Sunshine Street is no longer operational.
SBJ photo by Geoff Pickle
The Perkins Restaurant & Bakery on West Sunshine Street is no longer operational.

Springfield Perkins restaurant closes

Posted online

The sole Springfield location of Perkins Restaurant & Bakery has closed amid bankruptcy proceedings and a buyout.

Signage posted on the door of the 729 W. Sunshine St. restaurant indicates the eatery has closed permanently and that staff members are “sorry we did not get to say goodbye to all of you.”

“From our family to yours, may the best of your yesterdays be the worst of your tomorrows,” the signage reads.

Memphis, Tennessee-based parent company Perkins & Marie Callender’s Holding LLC in August filed for Chapter 11 bankruptcy, and two months later, Atlanta-based Huddle House Inc. penned a deal to purchase the restaurant operator out of bankruptcy. The Springfield restaurant was not on an initial list of nearly 30 closing locations.

A Huddle House spokesperson this morning provided a statement to Springfield Business Journal, indicating the Springfield Perkins restaurant was among 11 closures in six states that occurred yesterday.

“These were all restaurants whose sales decline over the years, and high operating costs made it untenable to remain open,” the statement reads.

Bankruptcy proceedings are ongoing, with Perkins’ listing assets of $50 million-$100 million and liabilities of $100 million-$500 million, according to court documents. A range of 1,000 to 5,000 creditors also is listed.

Court records list Springfield-based Franchise Dynamics LLC — a company that helps grow franchise operations — as a creditor in the bankruptcy case, with more than $11,000 owed for services. Charles Dobyns, Franchise Dynamics’ president and CEO, said Perkins was a client before the company filed for bankruptcy. He was unsure who operated the Springfield restaurant.

“The one in Springfield opened before we had a relationship with them,” he said. “Across the board, there’s probably going to be 75 to 100 to shut down across the United States.”

Perkins’ website lists more than 340 restaurants. Huddle House, according to its website, has around the same number of eateries.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Coronavirus Coverage

SBJ compiles news on the respiratory virus outbreak.

Most Read