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

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…

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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 permanently closing. While multiple reports say that the seafood chain is closing at least 48 locations, the Red Lobster website currently lists 87 locations as “temporarily closed” in 27 states, according to USA TodayThe New York Times  that “equipment from more than 50 Red Lobster restaurants across the United States was up for auction.”

The equipment liquidation company TAGeX Brands announced on Monday that Red Lobster auctions are currently live and will end on Thursday, May 16.

According to the TAGeX website, these auctions are the company’s “largest restaurant liquidation ever,” with items such as ovens, refrigerators, and furniture up for grabs. It’s important to note that the company is using a “winner takes all” method, meaning that each winner will receive the “entire contents of the Red Lobster location they bid on.”

As of 4 p.m. on Tuesday, the contents of a Red Lobster location in Rochester, NY, had a top bid of $2500. Items up for grabs included “high-performance ovens, upright refrigerators and freezers, cooking and warming solutions, and comprehensive bar and dining setups.”

The mass closures come amidst a turbulent period for Red Lobster, as the restaurant has been in hot water for quite some time. Last year, the company reported an $11 million loss in the third quarter, thanks to the popularity of its Endless Shrimp promotion, and a $12.5 million loss in the fourth, according to CNN. Just last month, the seafood chain considered filing for a Chapter 11 bankruptcy protection.

Here’s a complete list of the Red Lobster locations that are closing:

ALABAMA

  • Auburn
  • Decatur

CALIFORNIA

  • Redding
  • Rohnert Park
  • Sacramento
  • San Diego
  • Torrance

COLORADO

  • Denver
  • Lakewood
  • Lone Tree
  • Wheat Ridge

FLORIDA

  • Altamonte Springs
  • Gainesville
  • Hialeah
  • Largo
  • Orlando

GEORGIA

  • Athens
  • Roswell
  • Dublin

IDAHO

  • Lewiston

ILLINOIS

  • Bloomingdale
  • Danville

INDIANA

  • Indianapolis
  • Elkhart

IOWA

  • Council Bluffs
  • Waterloo

MARYLAND

  • Gaithersburg
  • Columbia
  • Silver Spring
  • Laurel

MICHIGAN

  • Fort Grant

MISSISSIPPI

  • D’lberville

NEW YORK

  • Amherst
  • Kingston
  • Rochester

NEW JERSEY

  • Ledgewood

NORTH DAKOTA

  • Grand Forks

OKLAHOMA

  • Lawton

SOUTH CAROLINA

  • Myrtle Beach

TEXAS

  • Lake Jackson
  • Longview
  • San Antonio

VIRGINIA

  • Colonial Heights
  • Williamsburg
  • Newport News

WASHINGTON

  • Silverdale

WISCONSIN

  • Wauwatosa
  • La Crosse

delish | Author: DIANNA SHEN

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