Casual dinnerhouse outlook remains gloomy for 2007

Casual dinnerhouse outlook remains gloomy for 2007

Shortly before the end of 2006, a Houlihan’s restaurant in the Convention Center District of Austin, Texas, filed for Chapter 11 bankruptcy protection and shuttered its doors after just six months in operation.

The reasons, according to bankruptcy filings, included sales of $30,000 per month, which were not enough to cover expenses of $35,000 per month, and debt totaling as much as $10 million. Other explanations for the unit’s failure, gleaned from local reports, included the

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.