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.
Just three days before Selection Sunday in March of 2020, the NCAA announced that March Madness, like so many other events that spring, would be cancelled due to the new virus upending life. The decision marked the first time in tournament history that the final weeks of the college basketball season would not be played, squashing Atlanta’s plans to host the Final Four.
When the following year rolled around, the NCAA decided that March Madness would not succumb to the virus once more.
With a vaccine only on the horizon and hundreds of Americans still dying each day, the organization announced in November of 2020 that while the tournament would go on, it would certainly not be business as usual. All 67 games, NCAA officials said, would be held in one location. Central Indiana was the first choice as Indianapolis had been on tap to host the Final Four April 3-5.
The plan, said NCAA senior vice president of basketball Dan Gavitt in a November 2020 IndyStar article was to present “a safe, responsible and fantastic March Madness tournament unlike any other we’ve experienced.”
In January the NCAA made it official: All games would be played in and around Indianapolis in a modified version of a bubble.
Holding the tournament in one place just made sense, NCAA officials told IndyStar. Unlike in a typical year when a winning team would travel multiple times before the championship, this system would minimize travel, which could inadvertently expose players and coaches to the virus.
Two months later when the tournament kicked off on March 18, 55 of the 67 games were scheduled to be played in Indianapolis venues, such as Gainbridge (then Bankers Life) Fieldhouse, Lucas Oil Stadium, Indiana Farmers Coliseum and Butler’s Hinkle Fieldhouse. Purdue’s Mackey Arena and IU’s Assembly Hall also hosted games.
While the first Covid vaccine had arrived a few months earlier, few people outside of first responders and the most vulnerable had been immunized, so in an effort to avoid large crowds, the Indianapolis sites all capped tickets at 25% capacity. That meant only 17,500 people could attend games at the largest venue, Lucas Oil Stadium. The college arenas allowed far smaller audiences, with IU limiting attendance to 500 people.
A week before the tournament began Marion County Public Health Department officials and Mayor Joe Hogsett asked attendees to make smart public health choices, such as social distancing and obeying the face masks mandate. Referees donned masks as much as possible as did coaches and players on the bench.
The NCAA regularly tested athletes, administering 28,311 tests Covid tests during the tournament, 15 of which came back positive.
Post-mortems after the tournament asked whether the NCAA had made the right call. Two high profile deaths occurred in the aftermath of the tournament — one a University of Alabama superfan who had traveled to Indy for the games and the other a St. Elmo bartender. But proving a direct link between their deaths and the tournament would prove impossible, and some public health experts said the NCAA had done everything it could to protect athletes and fans short of canceling the event.
A study conducted by IU, Regenstrief researchers and others that appeared in August 2021 in the Journal of the American Medical Association found that while mask wearing had theoretically been compulsory, about a quarter of attendees at the games were either not wearing masks or doing so inappropriately. Still, in an IndyStar article about the study Indiana Sports Corps president Ryan Vaughn termed the event “a resounding success.”
The following year, with a vaccine widely available and far fewer daily deaths from the virus, the tournament returned to a typical schedule, concluding in New Orleans’ Ceasars Superdome. More than 69,00 fans attended the final games, according to the NCAA. Local authorities had lifted the mask requirement by this point.
“Last year was about survival. Just having championships in any way, single site, keep everybody safe and be successful,” Gavitt said in an NCAA news release in late April 2022. “I think this year was about advancing.”
Indiana
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INDIANAPOLIS (WISH-TV) – Strong thunderstorms likely later this evening with all severe weather threats possible. It is going to be warm and windy with record highs today. Much cooler air works into Indiana for the end of the week.
TODAY: Partly cloudy conditions later this afternoon with warm and breezy conditions. It is going to be a beautiful and summer-like day across parts of Indiana. We will look for high temperatures to climb into the lower eighties which will set a new daily high record. The record for today is 80 set back in 1907. Winds will be gusty out of the southwest near 20 to 30 mph.
TONIGHT: A cold front approaches the state bringing a really good chance of strong to severe thunderstorms. A few thunderstorms may develop out ahead of the main line and some of those thunderstorms could contain some large hail along with a tornado risk as well. We are under a level 3 risk of strong storms out of a level 5. So there is confidence that a lot of these storms could reach severe criteria. Threats would be damaging winds and large hail. The tornado risk is low across parts of Indianapolis but it is not zero. A slightly higher risk of tornadic activity is possible in northern sections of Indiana.
Heavy rainfall could also lead to some flooding in parts of the state. Areas may see anywhere between 1 to 3 inches of rainfall.
Best timing on the thunderstorm activity will be anytime after 8:00 p.m. and lasting until Friday morning around 4.
TOMORROW: A few early morning rain showers will be possible on Friday. The main weather story is that it will be much cooler. High temperatures will climb around 49 which is below our normal high of 56. Winds switch direction out of the northeast and it will be a bit breezy at times as well. Low temperatures late Friday night into Saturday morning will drop into the upper twenties.
7 DAY EXTENDED FORECAST: A chilly start early Saturday morning but we will see lots of sunshine for the afternoon. High temperatures will climb around 52 for the afternoon.
Cloud cover returns on Sunday but it will be dry for the most part. Look for high temperatures to climb into the lower 60s.
Warmer next week with temperatures reaching the low and even middle and upper 70s by the middle part of the week. A dry start on Monday with some scattered showers possible on Tuesday and Wednesday.
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