Indiana

Arby’s franchisee Miracle Restaurant Group files Chapter 11 bankruptcy. Are stores closing?

Published

2 days ago

June 28, 2024

Arby’s franchisee Miracle Restaurant Group files Chapter 11 bankruptcy. Are stores closing?

Arby’s franchisee Miracle Restaurant Group has once again filed for Chapter 11 bankruptcy and could sell multiple stores in three states, according to court documents.

Court documents show Chapter 11 bankruptcy was filed by Miracle Restaurant Group on June 20, 2024. The business was formed in 2005 and currently own and operates 25 Arby’s restaurants across Illinois, Indiana, Louisiana, Mississippi and Texas.

Several restaurants have been filing for Chapter 11 bankruptcy or closing stores in 2024, including Red Lobster, Hooters, Tijuana Flats and Alamo Drafthouse to name a few.

Hooters closing 2024: Locations are closing; 2 restaurants near Louisville among dozens closed

The court documents for Miracle Restaurant Group state:

“In September 2023, the Debtor sold three of its stores located in Indiana and used the proceeds to pay down its notes with First Franchise Capital Corporation (“FFCC”), the LH Mortgage, and the U.S. Small Business Administration (“SBA”). The Debtor’s remaining two stores in Indiana remain operating.”

Additionally, stores in other states are also being impacted:

“The Debtor intends to continue to market and sell its seven Texas Stores, eight Illinois Stores and two remaining Indiana Stores through the Bankruptcy Process, and to focus on its Louisiana and Mississippi Stores. To accomplish this, the Debtor has retained Peak Franchise Capital, LLC as financial advisor to assist in marketing the Debtor’s stores.”

CEO Donald Moore declined to answer questions about the bankruptcy when contacted by phone. In the filing, Moore notes he has “experience in senior officer roles at public and private restaurants since 1990.”

Red Lobster closing 2024: Red Lobster lists 99 restaurants closed in 28 states: See locations closing in your state

Here’s what to know:

Is Arby’s filing for Chapter 11 bankruptcy?

No. Franchise operator Miracle Restaurant Group is filing for bankruptcy and owns 25 Arby’s locations in Illinois, Indiana, Louisiana, Mississippi and Texas.

Who owns Arby’s?

Arby’s is owned by Inspire Brands. They own several restaurants including Baskin Robbins, Buffalo Wild Wings, Dunkin’, Jimmy John’s and SONIC.

Are Arby’s restaurant locations closing via Miracle Restaurant Group’s Chapter 11 bankruptcy?

No. Miracle Restaurant Group is attempting to sell the remaining locations in Illinois (8), Indiana (2) and Texas (7), according to court documents.

Has Miracle Restaurant Group filed for Chapter 11 bankruptcy previously?

Yes, this is Miracle Restaurant Group’s second Chapter 11 filing. The franchisee used to own 60 Arby’s franchise locations before filing for Chapter 11 bankruptcy in 2010, according to court documents. A number of stores were closed after the plan was confirmed and all creditors were paid in full under the plan.

What Arby’s restaurant locations could be closing in Illinois, Indiana and Texas?

Miracle Restaurant Group has not confirmed a list of store closings or which restaurants are being sold. Below is a list of locations posted on the website at mrgarbys.com/locations.htm. Three Indiana locations were sold in September 2023, but which stores were sold is unclear.

Arby’s restaurants in Illinois related to Miracle Restaurant Group

6000 Northwest Highway, Crystal Lake, IL 60014
1169 Dundee Ave., Elgin, IL 60120 – CLOSED
340 North York Road, Elmhurst, IL 60126
1874 E. Belvidere Road, Grayslake, IL 60030
2307 Jefferson, Joliet, IL 60435 – CLOSED
9550 W. 179th St., Tinley Park, IL 60477
1800 N. Richmond Road, McHenry, IL 60050 – CLOSED
520 Townline Road, Mundelein, IL 60060 – CLOSED
7001 W. Dempster Ave., Niles, IL 60714
2539 Greenbay Road, North Chicago, IL 60064
139 N. Northwest Highway, Palatine, IL 60067 – CLOSED
1331 Golf Road, Rolling Meadows, IL 60008 – CLOSED
776 Rollins Road, Round Lake Beach, IL 60073

Arby’s restaurants in Indiana related to Miracle Restaurant Group

Arby’s restaurants in Louisiana related to Miracle Restaurant Group

Arby’s restaurants in Mississippi related to Miracle Restaurant Group

Arby’s restaurants in Texas related to Miracle Restaurant Group

7222 I-40 W., Amarillo, TX 79108
4020 82nd St., Lubbock, TX 79423
5052 Frankford Ave., Lubbock, TX 79424 – CLOSED
5711 19th St., Lubbock, TX 79407
7701 I-40 W., Suite No. 208, Amarillo, TX 79109 – CLOSED
5214 S. Western St., Amarillo, TX 79109
2422 19th St., Lubbock, TX 79401 – CLOSED

Chris Sims is a digital content producer for Midwest Connect Gannett. Follow him on Twitter: @ChrisFSims.

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Indiana

Apparent fireworks malfunction leaves 7 injured, several homes damaged in Griffith, Indiana: police

Published

4 hours ago

June 30, 2024

Press Room

Apparent fireworks malfunction leaves 7 injured, several homes damaged in Griffith, Indiana: police

ByABC7 Chicago Digital Team

Sunday, June 30, 2024 5:45PM

Live streaming newscasts, breaking news, weather & original, local programming.

GRIFFITH, Ind. (WLS) — A fireworks incident left seven people injured and several houses and vehicles damaged in Northwest Indiana on Saturday night, police said.

Griffith police said officers were dispatched to the 900-block of North Arbogast Street at about 9:30 p.m.

It appears that a private fireworks show at home there had an accidental malfunction, injuring seven people and damaging four houses and 10 vehicles, police said.

Information about the ages and conditions of those injured was not immediately available.

Police are investigating the incident and asked anyone with information to contact them at 219-924-7503. Anonymous tips can be left by calling 219-922-3085.

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Indiana

Pleasant air moves in

Published

11 hours ago

June 30, 2024

Press Room

INDIANAPOLIS (WISH) — Many locations in central Indiana picked up beneficial rain with yesterday’s storms. Pleasant air will now move in following this system.

TODAY: Mostly sunny skies. Dew points will drop into the comfortable category by the afternoon. Winds will be sustained out of the north at 10 to 15 mph with gusts to 25 mph. High temperatures in the mid-70s.

TONIGHT: We will have our coolest morning since June 11. Mostly clear skies remain. Low temperatures in the low to mid-50s.

TOMORROW: Another refreshing day. The first day of July will feature plenty of sunshine with high temperatures in the mid to upper 70s.

8-DAY FORECAST: Our pleasant air is only temporary. Temperatures will build after Monday as a warm front crosses Indiana. This will also drive up our rain chances Wednesday to Friday with the frontal boundary stalling out in the Midwest. Unfortunately, the 4^th of July will be included in these rain chances, but we should know more about the timing of rain as we get closer.

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Indiana

Happy hour is back in Indiana

Published

18 hours ago

June 29, 2024

Press Room

INDIANAPOLIS (WISH) — On Monday, happy hour will again be legal in the state of Indiana after nearly 40 years.

Happy hour was first banned in 1985 in an effort to curb drunk driving. The effort has proven to be less than effective, according to several studies, including one done by Suffolk University.

In March, Gov. Holcomb signed House Bill 1086, officially making happy hour legal again in the Hoosier state.

Indianapolis restaurants are welcoming the change. Up until now, if eateries wanted to offer discounted rates, they were required to do so for the entire day.

“Prior to this, you weren’t able to do it for a finite amount of time, you could only do it the entire day, from the time you open the doors to the time you close,” Managing Partner of The Oakmont and Vicino Gus Vazquez said.

The law does have a few stipulations.

Restaurants can offer up to four hours a day as a part of their “happy hour” and a total of 15 hours a week. The hours can never fall between 9 p.m. and 3 a.m.

Vazquez and his team were quick to get to develop a plan for their happy hours at both The Oakmont and Vicino, which will run between 3 and 6 p.m. between Monday and Friday.

“It’s been so long since Indiana has had the chance to have a happy hour,” Vazquez said. “Our plan of action is to offer our guests some items that normally wouldn’t be offered to our guests during that time or some of our favorites at a discounted price.”

The managing partner also spoke on the impact the change has on people visiting the Circle City.

The restaurants often host those visiting Indianapolis for conventions and sporting events.

“Just today we had a couple from out of town come in, and ask if we had a happy hour either today or during the week…so ironically we told them that July first we’d be rolling it out,” Vazquez said. “I feel like a lot of the people that are visiting the city will feel at home even when they’re not at home.”

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