?? City Winery Brisbane Closes After Financial Struggles ?? Impact City Winery Brisbane, a popular restaurant and wine bar chain, has collapsed into voluntary liquidation, closing all six of its locations across the city. The closure affects both City Winery and Ardo’s venues. ?? Current Status All staff have been terminated, and operations have ceased at the chain’s popular cellar doors, restaurants, and event spaces. ?? Industry Insight CEO Dave Cush cited the cost-of-living crisis, rising operational costs, and competition from The Star casino as major factors. This closure highlights the ongoing financial struggles faced by hospitality businesses post-pandemic. If your hospitality business is facing similar financial pressures, reach out to discuss your options with our insolvency team. #Insolvency #Hospitality #CostOfLivingCrisis #BusinessClosure #winery
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City Winery: the popular restaurant chain (around 5 years in the game) has gone into liquidation; all of its 6 venues have been closed; staff have been let go; a liquidator from Insolvency Options has been appointed; cost of living pressures and the ongoing effects of the pandemic were to blame. The pressures continue for the food and beverage industry. It’s important for all those impacted by financial distress to be proactive and obtain early professional advice and we’re here to help. https://lnkd.in/g6qUXVk4
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I believe both Red Lobster and Top Golf were purchased by entities that weren't that concerned about the restaurants. Restaurants are tough, running a restaurant you don't care that much about is tougher: - Callaway wanted Top Golf Technology. In the potential sale of Top Golf my understanding is that Callaway is retaining the technology. - Red Lobster initial sale to Golden Gate was essentially a Real Estate play. Went very well for Golden Gate, not so good for most of the NNN buyers that purchased the building with inflated rents. - Red Lobster was then sold to Thai Union who wanted a venue to sell their seafood at what some have described as inflated prices. Restaurants are tough but to make them successful, you do have to care.
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Cooper's Hawk Winery and Restaurants makes C-suite changes. Dawn Phillipson, Linda Bartman, and Dave Harris are appointed to new roles https://ow.ly/pfgn105Y4Xv
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Major Food Group restaurateur Jeff Zalaznick spoke with Katherine Kallergis about MFG's?branded condo?collab with Terra, what it's like having (and losing) a Michelin star and his own ties to real estate in the latest edition of #TheClosing. Read their conversation: https://lnkd.in/eDTe9T3A
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The Calveton and Breal Capital-owned restaurant group D&D London is to close its remaining Leeds site, Angelica and Crafthouse, following a “comprehensive review” of the business https://lnkd.in/gSDFKYFz
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Have you eaten at this Traditional American restaurant yet? It's one of the highest rated in Warwick! Call me for all your Real Estate needs!! 401-499-9049 #realestate #realtor #provri #Relocation #sold #luxuryhomes #forsale #rihomes #BHHS #househunting #realestateinvesting #YourRealtor
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Let's celebrate Austin's local businesses! ?? Tag your favorite local spot in the comments below and show them some love. Whether it's your favorite cafe, a trendy boutique, or a family-owned restaurant, we want to hear about the places you support! #CapitolCreditUnion #CCU #CreditUnion #CapitolCreditCommunity #CreditUnionsCare #CCUforYOU #ATX #AustinTX #Austin360 #TexasCreditUnion #Kasasa
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?? Expanding your restaurant business or planning a new venture in the Greater Washington, DC area? Our detailed guide covers everything from selecting the right neighborhood to mastering lease negotiations. Perfect for restaurateurs looking to grow their presence. Read our article for in-depth insights. #BusinessGrowth #CommercialRealEstate #BibiRealty
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Creating memorable experiences is the key to standing out in today’s restaurant market. Pepper Lunch offers an interactive dining experience that’s capturing attention and driving growth. As trends favor innovative models, our franchisees are thriving. ?? Ready to elevate your business? Explore the opportunity with Pepper Lunch today. #PepperLunch #SizzleItYourWay #DIYTeppanyaki #FranchiseSuccess #FastCasualRestaurants #BusinessOpportunity #FastFoodFranchise #PepperLunchFranchise #RestaurantFranchise #FranchiseOpportunity #PepperLunchFranchiseUSA
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Rumor has it that Ruben's Grill + Cantina is one of the best Mexican restaurants in town. Do you agree? Your partner in all things real estate. Follow me and I'll educate you on the market, tips for buying and selling, and lovely homes to fall in love with. #realestatepartner
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