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Bennigan’s goes bust

by profsilver on July 29th, 2008

Sometimes, I have to break out of talking about stocks!  Especially, when my favorite businesses are at stake (no pun intended, you will see why soon).

S & A Restaurant Corp., parent company of the restaurant chains Steak & Ale and Bennigan’s Grill and Tavern, has filed for bankruptcy.  This morning, Bennigan’s closed all of its company-owned stores. 

Bennigan’s Grill and Tavern opened in 1976 and has 800 restaurants in 32 states.  Its independently owned franchises will remain open…and I hope to find one near me.

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