nealsher

Last Week Tonight with John Oliver: S11 E13

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

GOOD MORNING AMERICA: The restaurant chain abruptly closed dozens of branches across the country and The Wall Street Journal reports that the brand is filing for bankruptcy. Watch video here: click here

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

Optimists say the wholesale closings of restaurants in recent months will eventually foster new shoots of growth. For firms in the business of liquidating shuttered operations, that wait is already over. Their trade is booming as inventories are swollen by the massive shutdowns within heritage brands like TGI Friday’s, Red Lobster, Denny’s and Applebee’s. “Year

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. 

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

Red Lobster’s closure of dozens of restaurants is attracting a lot of attention, and you can bet that people are looking for lessons. The nation’s biggest seafood chain is now in the middle of the biggest restaurant equipment auction to date. A website indicates auctions at nearly 50 closing restaurants, but the number listed on

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

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

Michael Paine loved Red Lobster’s coconut shrimp. Maybe too much. He forked over $25 for the chain’s all-you-can-eat shrimp deal, and got 64 coconut, garlic and dragon-style pieces for his money. “I was very full,” he says. While Paine left satisfied, Red Lobster seems to be drowning in regret.  The promotion proved a shipwreck for

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

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

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

CNBC: Neal Sherman talks about his involvement in YPO, TAGeX’s Market position in the world of Closed Locations, Remanufactured Equipment, and the Marketplace created.

WXXI ENVIRONMENTAL CONNECTIONS: TAGeX Brands Founder and CEO Neal Sherman is pioneering sustainable practices and making significant moves towards a more environmentally responsible food sector.

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.

THE BOSTON GLOBE: Take home a piece of Wegmans thanks to restaurantequipment.bid, an auction website that is taking bids for hundreds of fixtures and pieces of equipment that were housed inside the mammoth Natick Mall Wegmans store until it shut its doors last month.

KRON4: The Steak and Stone Restaurant, in Mesa AZ, sadly closed their doors after many years of serving the community. Due to the high cost of moving and storing the assets, the owner of Steak and Stone has decided to put the contents of the restaurant up for auction on LocalAuctions.com.

W42ST: If you’re curious to see what else emerges from the now-dusty lanes, the auction listing notes that claimed items will be moved out of the space this upcoming Wednesday and Thursday — except for one key element, the center’s bowling system that remains up for sale.

THE BUSINESS JOURNALS: Movie fans may be able to get a piece of the Pacific Dining Car steakhouse later this month as the iconic restaurant featured in movies such as “Training Day” closes its doors and liquidates.

PRNEWSWIRE: Garden Fresh Restaurants, LLC (Souplantation/Sweet Tomatoes) is liquidating all assets under their Chapter 7 Bankruptcy filing. The equipment and contents are being auctioned online nationally at RestaurantEquipment.Bid.

FASTCASUAL.COM: Garden Fresh Restaurants LLC, which owns Souplantation and Sweet Tomatoes, has filed for Chapter 7 bankruptcy protection and is liquidating all assets. RestaurantEquipment.Bid is auctioning all equipment and contents.

CULTURE MAP DALLAS: Someone got a real deal on the vintage trolley that once resided inside the Spaghetti Warehouse in Dallas’ West End, thanks to ab auction by TAGeX Brands.

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.

NBCDFW: The company TAGeX Brands is handling the liquidation of the contents of the Dallas Spaghetti Warehouse. A variety of small furnishings and selected antiques from the restaurant will be auctioned online, including decor, furniture, fixtures and equipment.

KCBD: Ed Price was the most recent co-owner of The Fifty Yard Line Restaurant and says that he was sad to let it go, but he had to do it even though it was open for more than 50 years. And now, he’s wanting to pass off the items in an online auction, saying that even the grill is up for sale.

VERDICT FOOD SERVICE: Fast food restaurant chain Taco Bueno has closed 12 locations in Texas and Oklahoma to position the brand for future growth. RestaurantEquipment.bid, an affiliate of TAGeX Brands, is currently in the process of selling Taco Bueno’s assets through an online auction.

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.

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.

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.