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  Au Bon Pain, a fast-casual baker and café chain recently closed down six locations in Washington D.C. after the company was bought by Panera Bread Company in November of last year. TAGeX Brands has been contracted to handle the restaurant closures and equipment liquidation for all six restaurants in Washington D.C., as well as locations […]

Restaurants are more than just a business. They are places where memories are made — from outings with friends to romantic dinners to family celebrations. They can be places of familiarity and comfort, a part of a life’s routine. When they close, there can be a real sense of loss….   In 2017, Rochester area restaurants closed for a variety

Wings. Beer. And Arby’s. Fast-food chain Arby’s Restaurant Group said Tuesday it reached a deal to acquire Buffalo Wild Wings, which promotes the slogan “wings, beer, sports” in its advertisements, for $2.4 billion in cash. The deal comes as the casual dining sector is ailing as Americans have rediscovered home meals amid low grocery prices

TAGeX Brands on a mission to save restaurants with efficient aftermarket of equipment     Rochester, NY – November 8, 2017: Thanks to what many are calling a restaurant recession, restaurant closures and bankruptcies are the highest they have been since 2011, according to New Generation Research. Sales are down and no restaurant is safe;

TAGeX Brands on a mission to save restaurants with efficient aftermarket of equipment Rochester, NY – November 8, 2017: Thanks to what many are calling a restaurant recession, restaurant closures and bankruptcies are the highest they have been since 2011, according to New Generation Research. Sales are down and no restaurant is safe; even huge

PLAINFIELD, Ill. — The way Marcus Mooney saw it, he wasn’t just selling hot dogs — he was selling experiences. In addition to the classics — a cheese dog and a chili dog — his restaurant, Frank’s Night Out, served hot dogs topped with more exotic ingredients, like a “Surf & Turf Dog” featuring crumbles

Statistically speaking, if you own a restaurant, you’re probably going out of business soon.   80% of restaurants fail within the first five years, making restaurant closures a fundamental part of being a restaurant owner. It’s not pleasant, but for most, it’s inevitable, which is why it blows our mind that more people don’t have

Statistically speaking, if you own a restaurant, you’re probably going out of business soon. 80% of restaurants fail within the first five years, making restaurant closures a fundamental part of being a restaurant owner. It’s not pleasant, but for most, it’s inevitable, which is why it blows our mind that more people don’t have a

Meal-kit options have grown in popularity, but are they cost effective?    If you’ve been paying attention to restaurant industry news, you know that restaurant sales and attendance are down, prices are up, and more people are staying at home to cook meals.   The weird part is, a lot of these people are using

Meal-kit options have grown in popularity, but are they cost effective? If you’ve been paying attention to restaurant industry news, you know that restaurant sales and attendance are down, prices are up, and more people are staying at home to cook meals. The weird part is, a lot of these people are using meal-kit services

Six quarters in a row of year-over-year declines.   Foot traffic at chain restaurants fell 3% in June year-over-year. Same-store sales fell 1%, the 16th month in a row of year-over-year declines, completing the sixth quarter in a row of sales declines, the longest downturn since 2009.   Food sales were down, alcohol sales were

  So, you’ve decided to close down your restaurant. We understand this isn’t always a fun position to be in, but whatever the situation may be, if you are closing and exiting a facility, there are a number of ways to make sure you’re handling the situation cost-effectively. Here’s a list of mistakes you should

So, you’ve decided to close down your restaurant. We understand this isn’t always a fun position to be in, but whatever the situation may be, if you are closing and exiting a facility, there are a number of ways to make sure you’re handling the situation cost-effectively. Here’s a list of mistakes you should avoid

Cherith Valley Gardens ceases operations and auctions everything online at RestaurantEquipment.bid After 24 years of business, the Werner Family has decided to retire! Cherith Valley Gardens is closing their facilities and auctioning everything from their kitchen, offices and warehouse online at www.RestaurantEquipment.bid. The local family-owned jarring and pickling company is known for wholesome ingredients and

Restaurant chains are in trouble. A recent article by Business Insider claims that casual dining chains like Red Robin, Chilis, and Ruby Tuesday are struggling to attract customers. Conveniently, however, it’s not their fault. According to Business Insider, millennials are to blame! It looks like America’s number one scapegoat is stirring the pot again, this

CASUAL DINING RESTAURANTS CONTINUE TO CLOSE On Auction Block: Contents from ten (10) closed Ruby Tuesday locations Hundreds of casual dining restaurants have recently announced closures nationwide. Restaurants such as Ruby Tuesday, Applebee’s, Chili’s, TGI Friday’s and many others have witnessed the decline of casual dining. Contents from ten (10) closed Ruby Tuesday restaurants are

It is difficult to see the political or economic landscape changing in the short to medium term in order to alleviate the increasing cost pressures that restaurants now face. However, if advisers can be approached early enough, then careful pre-planning and an understanding of some of the legal and commercial complexities of this particular business