Posted on 01/23/2020 12:11:07 PM PST by Red Badger
BIRMINGHAM, Ala. Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy, but said Tuesday that all of its locations would remain open.
Federal court documents showed Krystal sought Chapter 11 bankruptcy protection in Atlanta on Sunday. The company said it owed between $50 million and $100 million to food suppliers, equipment companies and others.
Krystal has about 300 restaurants in 10 states, 182 of which employ 4,890 people and are operated by the company, restructuring officer Jonathan M. Tibus said in a court filing. Another 116 are run by franchisees, he said.
The company previously closed more than 40 restaurants, including 13 that shut down in December, over the past year, according to court documents. Shifting consumer tastes, growing costs, tight labor markets and the growth of online food ordering all contributed to the company’s financial problems, Tibus said.
“The actions we are taking are intended to enable Krystal to establish a stronger business for the future and to achieve a restructuring in a fast and efficient manner,” the company said in a statement Tuesday.
(Excerpt) Read more at washingtontimes.com ...
I havent seen one in a long time, but I remember them as well. I think they still have some at truck stops in some places.
In my hometown, there were a couple of Prince Castles. Nothing like a WC. Big juicy burgers and fries. They used a square ice cream scoop to serve ice cream cones. Don’t know what ever happened to them.
As long as there are White Castles and Cozy Inn in Salina, Kansas I can survive.
I’m not a cheeseburger fan, so I guess I never paid attention if they were sold there or not.
Besides, they would have cost more. ;~)
Sounds old fashioned & good. : )
It was!
The inventor of the first “Happy Meal”. Used to call them “Fun Meals”. Man, I loved that place; best shakes ever. That one and Scotty’s (right across the street, strangely enough) where my too favorite places.
Loved Krystal; sad to hear they’re going as I grew up on the those things.
Montgomery?
Court filings indicate that in reorganization they plan to change the business plan from the Krystal method, to simply Crystal Meth. There’s already a large distribution network in place that doesn’t require the cost of brick and mortar stores. Market research shows customers tend to be very eager to provide repeat business.
Chapter 11 bankruptcy is reorganization, so not all stores will close......................
Burger Chef!!
Best burgers ever!
Founded 1954
Closed 1996
Gone but not forgotten.
It's been a bitch to turn the store around from a loser to a profit maker since she was hired last spring. Not much support from upper management she claims.
No. White Castle sliders have holes in the patties. Krystals are square with no holes.
We had Little Taverns in Baltimore, but they usually were in less than savory neighborhoods.
Similar to Church's Fried Chicken.
Eat your food, and get the hell out of the area pronto before you get shot.
We have a nice new Checkers;
Was completed last summer and they had now hiring sign up. Story is that it went bankrupt. So there’s a clean new burger place that never had a customer and may never. Drive past it frequently and it looks odd, like something from a movie.
When my S.O. was at Ft Benning, the Krystal was one of our most affordable treats!
Not so much as to criticize your post, but as to point out that it is not something long past and only a memory.
Closed the ones in DFW 5 or 10 years ago.
“Go to the big chicken and turn left. The national cemetery will be on your right in about a mile and a half. After you pass the big Baptist church on the left.
The Krystal I went to was just west of the Square, after you crossed the tracks.
We had a Sandy’s. It was a Scottish themed burger restaurant in the Midwest in the 60s. I believe Hardees bought Sandy’s. Hardees was really good at first. I loved their pork tenderloin sandwiches. We had a Steak n shake too. I hear they’ve fallen on hard times too.
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