Indiana
Arby’s franchisee Miracle Restaurant Group files Chapter 11 bankruptcy. Are stores closing?
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Benzinga – News
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.
INDIANAPOLIS (WISH) – The 2026 NCAA Division I Men’s Basketball Tournament’s Final Four is set.
Four teams have advanced to the Final Four and will compete for the national championship this upcoming weekend in Indianapolis.
The two national semifinal matchups will take place on Saturday. Tip times for the two games have been announced:
- 6:09 p.m. EDT – No. 3 seed Illinois vs. No. 2 seed UConn
- 8:49 p.m. EDT – No. 1 seed Michigan vs. No. 1 seed Arizona
The winners of Saturday’s games will then play in the National Championship Game on Monday, April 6.
Each game will take place inside Lucas Oil Stadium.
INDIANAPOLIS — Hundreds of Hoosiers gathered at the Indiana Statehouse Saturday morning as part of nationwide ‘No Kings’ events to voice their concerns about the current administration.
WATCH FULL STORY BELOW
Hundreds gather at Indiana State Capitol for ‘No Kings’ protest
“I’m out here today because what’s happening in our government is completely trash,” Donna Sipes told WRTV. “It’s wrong. We need to do something about it.”
“I’m tired of every single day when the TV comes on to see what stupid thing he’s done next,” Lindi Marti said.
WRTV
Attendees noted the growing popularity of the demonstrations.
“This is my fourth one to come to. I didn’t come to all of them when it was really cold, but I’m glad to see that they are getting a lot more people out here every time,” Marti added. “It seems like there’s more and more coming.”
Demonstrators highlighted specific foreign policy concerns, including the administration’s handling of the war in Iran.
“We’re bombing the heck out of them. We’re killing civilians,” Marti’s husband said. “We’re getting ready to send our Marines.”
WRTV
Others focused on the administration’s handling of immigration.
“That’s what I’m concerned about,” Reverend Kenny Little told WRTV. “Little kids, they’re taking them away from their family. And I’m just one of those people, I think everyone got rights.”
Indiana medical students also attended the rally to speak out against changes to the healthcare system.
“We’re really worried about the attacks on the health care system in general, but with Medicaid… current estimates range from anywhere from 325,000 to 450,000 Hoosiers will lose coverage by 2032,” Wade Catt said with concern.
WRTV
With midterm elections approaching later this year, attendees emphasized the importance of now taking action at the ballot box.
“If we don’t vote, then things are gonna not, they’re gonna stay the same,” a protester said.
Meanwhile, Indiana Lieutenant Governor Micah Beckwith says he’s happy to see Hoosiers exercise their First Amendment right to protest.
However, he takes issue with the idea that President Trump is acting like a king. Beckwith says the fact that people have the freedom to protest is proof that the president is not acting like a tyrant.
He acknowledges that bridging the gap between the sides is probably an uphill battle, but believes communication is key.
“I think when you sit down with people face to face, you’re confronted with humanity. There’s another human sitting across that table from you and talking to you. And so, all I have to say, I think that’s probably the thing I would encourage all Hoosiers to do is say, ‘Hey, if you don’t agree with somebody or if you don’t like somebody, why don’t you try grabbing coffee with them? And give it 30 minutes, and just see what happens.’ I bet most of the time people will walk away with a much softer heart and spirit towards that person before they came in,” Beckwith said.
Beckwith is currently on a 92-county tour of the state. He says all sides are welcome to attend his events.
__
INDIANAPOLIS (WISH) — Police say one “young man” is dead after a shooting at the 1200 block of Rue Rabelais at about 7:19 p.m. according to the Indianapolis Metropolitan Police Department.
That is near the intersection of 56th Street and Binford Boulevard.
Police say the victim was taken to Riley Hospital where he later died. Investigators say they are still working to identify the victim.
There was no known information about a suspect. Police did say that they believe this is a targeted incident.
There was no other information immediately available.
This story has been updated with information from the Indianapolis Metropolitan Police Department.
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