Frisch’s shutters six Golden Corral restaurants

Frisch’s shutters six Golden Corral restaurants

Underperformance cited in Cincinnati-area and northeast Ohio closures

Frisch’s Restaurants Inc. has closed six of its 35 franchised Golden Corral units due to underperformance. Four of the restaurants were located in the Cincinnati area, and two were in Akron and Medina, Ohio.

The Cincinnati-based company said it would record an asset impairment charge for the six shuttered restaurants in the first quarter of fiscal year 2012, which ends Sept. 20, against pretax earnings, which are estimated to be between $3.9 million and $4.1 million.

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