Red Lobster is closing nearly 50 restaurants. Here’s where they’re located.

Crimson Lobster is closing greater than 50 of its eating places throughout the nation, based on an organization that helps companies liquidate restaurant gear. 

Neal Sherman, CEO of TAGeX Manufacturers, promoted a “Winner Takes All” liquidation sale of “fixtures, furnishings and gear” in a video posted Monday on LinkedIn that included a hyperlink for individuals who wished to bid. 

Crimson Lobster has persistently misplaced cash for years. In an try to spice up site visitors at its eating places, the corporate final 12 months expanded its all-you-can-eat shrimp deal. Clients’ appetites, nevertheless, ate into earnings as demand overwhelmed what the chain may afford, leading to monetary losses.

Rumblings of a potential chapter emerged this spring when the corporate tapped Jonathan Tibus as its new chief govt. Tibus is a managing associate at advisory agency Alvarez & Marsal and is understood for restructuring company entities. 

As lately as final month, Crimson Lobster was looking for a purchaser in hopes the corporate may keep away from chapter, CNBC reported. 

The restaurant is making ready to file for chapter later this month, the Wall Avenue Journal reported. Whereas in chapter, Crimson Lobster will search to barter new phrases with landlords and collectors that would cut back its debt by a whole lot of thousands and thousands of {dollars}, the Journal reported. 

Crimson Lobster’s proprietor, Thai Union, first invested in Crimson Lobster in 2016 and upped its stake in 2020. In January, the corporate introduced plans to promote its minority stake. CEO Thiraphong Chansiri mentioned the pandemic, greater rates of interest, rising materials and labor prices have all performed a job in Crimson Lobster’s poor monetary efficiency. 

Crimson Lobster recorded a $19 million loss within the first 9 months of final 12 months, Thai Union mentioned in an announcement earlier this 12 months. 

Crimson Lobster and Thai Union did not instantly reply to a request for remark Wednesday. 

As of Tuesday morning, auctions for 48 places have been nonetheless stay after one other 4 gross sales closed Monday, TAGeX Manufacturers advised The Related Press through e mail.  

Crimson Lobster’s roots date again to 1968, when the primary restaurant opened in Lakeland, Florida, as a family-owned institution below native restaurateur Invoice Darden. Within the a long time following, the chain expanded quickly. Crimson Lobster presently touts greater than 700 places worldwide.

Listed below are the 48 eating places that Crimson Lobster has closed.

Alabama

• 1805 Opelika Freeway in Auburn
• 2027 Beltline Street Southwest in Decatur

California

• 1345 Dana Drive in Redding
• 6440 Redwood Drive in Rohnert Park
• 1400 Howe Avenue in Sacramento
• 8330 Mira Mesa Boulevard in San Diego
• 21233 Hawthorne Boulevard in Torrance

Colorado

• 8268 East Northfield Boulevard in Denver
• 810 South Wadsworth Boulevard in Lakewood
• 9067 Westview Street in Lone Tree
• 4455 Wadsworth Boulevard in Wheat Ridge

Florida

• 340 West State Street 436 in Altamonte Springs
• 6910 West Newberry Street in Gainesville
• 1750 West forty ninth Avenue in Hialeah
• 10500 East Ulmerton Street in Largo
• 8003 Golden Sky Lane in Orlando

Georgia

• 1956 West Broad Avenue in Athens
• 1050 Holcomb Bridge Street in Roswell
• 2105 Veterans Boulevard in Dublin

Idaho

• 2115 Thain Grade in Lewiston

Illinois

• 391 West Military Path Street in Bloomingdale
• 3217 Vermilion Avenue in Danville

Indiana

• 1752 North Shadeland Avenue in Indianapolis
• 3009 Brittany Courtroom in Elkhart

Iowa

• 3040 Dial Drive in Council Bluffs
• 941 East San Marnan Drive in Waterloo

Maryland

• 15700 Shady Grove Street in Gaithersburg
• 9011 Snowden Sq. Drive in Columbia
• 8533 Georgia Avenue in Silver Spring
• 14368 Baltimore Avenue in Laurel

Michigan 

• 4220 twenty fourth Avenue in Fort Gratiot

Mississippi

• 3897 Promenade Parkway in D’Iberville

New York

• 4010 Maple Street in Amherst
• 1 Miron Lane in Kingston
• 655 West Jefferson Street in Rochester

New Jersey

North Dakota

• 2675 thirty second Avenue South in Grand Forks

Oklahoma

• 3112 Northwest Cache Street in Lawton

South Carolina

• 10000 Freeway 17 North, Myrtle Seaside

Texas

• 104 Texas 332 in Lake Jackson
• 3515 McCann Street in Longview
• 7835 Interstate 35 South in San Antonio

Virginia

• 119 Temple Lake Drive in Colonial Heights
• 2100 Richmond Street in Williamsburg
• 12580 Jefferson Avenue in Newport Information

Washington State

• 3208 Northwest Randall Manner in Silverdale

Wisconsin

• 2801 North Mayfair Street in Wauwatosa
• 3333 State Street 16 in La Crosse

—The Related Press contributed to this report.