nealsher

2 10

Red Lobster Is Abruptly Closing Dozens Of Restaurants

Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator. TAGeX Brands is conducting an online auction of Red Lobster restaurant inventory, including kitchen equipment, furniture, tables and chairs. The auction begins Monday and continues through Thursday, according to company founder Neal Sherman. Red Lobster locations

Red Lobster Is Abruptly Closing Dozens Of Restaurants Read More »

12 3

Dozens of Red Lobster Restaurants Are Auctioning Off Equipment

If you ever wanted to buy a lobster tank and an industrial freezer, now is the time. Equipment from more than 50 Red Lobster restaurants across the United States was up for auction on Tuesday, a liquidator said, as the embattled seafood chain’s website listed dozens of locations as being temporarily closed. The auction site includes grainy

Dozens of Red Lobster Restaurants Are Auctioning Off Equipment Read More »

10 5

Red Lobster Is Closing Nearly 50 Restaurants. Here’s Where They’re Located.

Red Lobster is closing nearly 50 of its restaurants across the country, according to a company that helps businesses liquidate restaurant equipment.  Neal Sherman, CEO of TAGeX Brands, promoted a “Winner Takes All” liquidation sale of “fixtures, furniture and equipment” in a video posted Monday on LinkedIn that included a link for those who wished to bid. 

Red Lobster Is Closing Nearly 50 Restaurants. Here’s Where They’re Located. Read More »

8 2

Why Is Red Lobster Bankrupt? No, It’s Not Just About Endless Shrimp

Beloved seafood chain Red Lobster has filed for Chapter 11 bankruptcy protection after news last week that it was closing almost 50 restaurant locations in the United States. Although much has been made about the restaurant’s decision to make its $20 endless shrimp deal a permanent menu item—underestimating demand and leading to an $11 million loss, according to

Why Is Red Lobster Bankrupt? No, It’s Not Just About Endless Shrimp Read More »

7 2

Red Lobster Is Doomed: More Than 50 Locations Are Closing And Auctioning Off Equipment

The company lost $11 million on Endless Shrimp last year. It’s a dark day for Cheddar Bay Biscuit fans. Red Lobster just abruptly closed dozens of locations across the country, and a restaurant-supply liquidator has placed much of the doomed chain’s kitchen equipment up for auction. It wasn’t immediately clear on Tuesday exactly how many locations are

Red Lobster Is Doomed: More Than 50 Locations Are Closing And Auctioning Off Equipment Read More »

4 2

Red Lobster Closing At Least 99 Locations As Its Future Comes Into Question

Earlier this year, Thai Union, the largest investor in the largest seafood restaurant chain in the country, announced it was seeking to sell its stake. At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and

Red Lobster Closing At Least 99 Locations As Its Future Comes Into Question Read More »

RL Website Images

Red Lobster Restaurant Sale Launches—’Entire Contents’ From $1,600

Seafood chain Red Lobster has launched a fire sale amid the closure of at least 48 of its locations across the United States, with the restaurants’ contents now available from just $1,600. The online auction, organized by restaurant liquidator TAGeX Brands, began on Monday and will continue through Thursday. Kitchen equipment, furniture, and other content will be

Red Lobster Restaurant Sale Launches—’Entire Contents’ From $1,600 Read More »

Screenshot 2024 05 06 at 10.16.34 AM

Environmental Connections

This exploration uncovers mavericks within the food industry who are pioneering sustainable practices. The focus is on these trailblazers who are revolutionizing the industry through initiatives such as recycling restaurant equipment, introducing sustainable packaging solutions, and prioritizing local sourcing and sales. Watch Video – Source

Environmental Connections Read More »

TAGeX Lifewire shoutout 1 1

The 9 Best Liquidation Auction Sites of 2024

Thanks, @lifewiretech, for ranking RestaurantEquipment.Bid as the #1 Restaurant Liquidation Auction marketplace in their list of the 9 Best Liquidation Auction Sites for Businesses in 2024!⁠ Here’s what they had to say about our company, RestaurantEquipment.Bid:⁠ “Making it in the restaurant business is challenging. When one eatery shutters its doors, another might benefit from purchasing

The 9 Best Liquidation Auction Sites of 2024 Read More »

unnamed

How Restaurants are Adapting to the Global Pandemic, with Neal Sherman

Nicole Mahoney, CEO of Travel Alliance Partnership and Host of the Destination on the Left podcast, interviews Neal Sherman where they discuss his perspective on the hospitality and food industries amidst the pandemic. Neal shares his predictions for when we come out on the other side, and what strategies we can use to thrive during this crisis.

How Restaurants are Adapting to the Global Pandemic, with Neal Sherman Read More »

ab67656300005f1f9c6aeccae39af83e94e59e0e

Liquidating Restaurant Equipment And Nurturing Relationships with Neal Sherman, Founder of TAGeX Brands

Executive Coach, Owner of JKM Management, and Host of the Sheer Clarity Podcast, Kevin McHugh is joined by Neal Sherman to talk about how he got into the business of liquidating restaurant equipment and what he focuses on in his line of business. Neal also shares his advice for nurturing great relationships and the importance of having inner peace in order to serve others.

Liquidating Restaurant Equipment And Nurturing Relationships with Neal Sherman, Founder of TAGeX Brands Read More »

106291 original

Iconic Restaurant The Fish Market Auctions Décor, Equipment, and Furniture In Online Auction

PALO ALTO WEEKLY: The Fish Market, a 47-year-old seafood restaurant in Palo Alto that shuttered its El Camino Real branch to give way to a housing project, is hosting an online auction to sell its contents — memorabilia, furniture, décor, restaurant equipment and other supplies — to interested members of the community.

Iconic Restaurant The Fish Market Auctions Décor, Equipment, and Furniture In Online Auction Read More »

Own A Piece Of Wegmans Through Online Auction

By Heather Morrison | [email protected] After Wegmans closed its Natick store, one of the company’s largest and more unique locations, the company is auctioning off some of its items. RestaurantEquipment.Bid is hosting an online auction that ends Tuesday for many items, such as a pizza oven, chairs, pressure washer, meat slicer, vacuum and more. Some of the items

Own A Piece Of Wegmans Through Online Auction Read More »

S23RUPIQWJEJLBT7K4O3UDXM64

Want a Full-Sized Trolley? Shuttered Spaghetti Warehouse Is Auctioning 500 Items Online, All Starting at $1

THE DALLAS MORNING NEWS: The trolley comes with a serious sidenote: When it’s awarded to a new owner, that person will need to make plans to get the trolley out. It’s so big that an exterior brick wall will likely need to be removed from the restaurant.

Want a Full-Sized Trolley? Shuttered Spaghetti Warehouse Is Auctioning 500 Items Online, All Starting at $1 Read More »

commons at schwarzman ctr yale

Yale Launches Online Auctions To Empty Commons For Renovation

YALE UNIVERSITY: After receiving a $150 million donation from Blackstone co-founder and Yale alumnus, Stephen A. Schwarzman, Yale University plans to create a world-class campus center by renovating the historic Commons and Memorial Hall. But before that happens, Yale is tasked with removing and finding a new home for the furniture, fixtures, appliances, and kitchen equipment from the first two floors of the building.

Yale Launches Online Auctions To Empty Commons For Renovation Read More »

541cd1a1 4423 4837 96c2 3f8a789baf97 1920x1080 e1713386771966

Spaghetti Warehouse Is Auctioning Off Items From Downtown Memphis Building

LOCAL MEMPHIS: The​ ​Spaghetti​ ​Warehouse​ ​in​ ​Memphis​ ​announced​ ​on​ ​November​ ​6​ ​that​ ​it​ ​would​ ​be​ ​closing​ ​its​ ​doors​ ​for business,​ ​with​ ​their​ ​final​ ​day​ ​of​ ​service​ ​being​ ​Sunday,​ ​November​ ​19.​ ​Now,​ ​the​ ​restaurant​ ​is​ ​inviting people​ ​to​ ​take​ ​a​ ​piece​ ​of​ ​the​ ​restaurant​ ​home​ ​with​ ​them​ ​in​ ​their​ ​online​ ​auction.

Spaghetti Warehouse Is Auctioning Off Items From Downtown Memphis Building Read More »

e6dbf6 94d05cd7ade644c2b61ef5741959ecbf mv2

5 Takeaways from the Restaurant Finance & Development Conference

NATION’S RESTAURANT NEWS: Restaurants are facing sales and cost challenges, bankruptcies, and store closures, even as immense interest in the sector from private equity and other investors drives up prices. The result is more closures. Companies such as TAGeX specialize in taking the equipment from those closed locations to sell them on the aftermarket. 

5 Takeaways from the Restaurant Finance & Development Conference Read More »