Indiana
Arby’s franchisee Miracle Restaurant Group files Chapter 11 bankruptcy. Are stores closing?
Hooters hit by inflation, forced to close 40 locations across US
Hooters abruptly shut down around 40 locations across the US due to poor financial performance.
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.
ST. LOUIS — — Rakim Chaney had 18 points in Valparaiso’s 63-62 win over Indiana State on Thursday in the first round of the Missouri Valley Conference Tournament.
Chaney added five rebounds, five assists, and three steals for the Beacons (18-14). JT Pettigrew added 14 points while going 5 of 8 and 3 of 6 from the free-throw line while they also had seven rebounds. Brody Whitaker finished with 10 points.
Camp Wagner led the Sycamores (11-21) in scoring, finishing with 13 points, eight rebounds and four assists. Indiana State also got 12 points and three blocks from Ian Scott. Enel St. Bernard finished with 10 points, six rebounds and four steals. The loss was the Sycamores’ seventh in a row.
Chaney scored nine points in the first half and Valparaiso went into halftime trailing 37-28. After trailing by nine points in the second half, Valparaiso went on a 7-0 run to narrow the score to 37-35 with 17:11 remaining in the half before finishing off the victory. Pettigrew scored 12 second-half points.
——
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Central Indiana has seen a very wet start to March, with several rounds of rain and storms moving through the region over the past few days. In fact, the city of Indianapolis has already received more rain in the first four days of the month than it typically gets during the entire month of March.
So far this month, Indianapolis has recorded 3.90 inches of rainfall, which already exceeds the normal March monthly average of 3.79 inches. Much of that rain came during a widespread soaking on Tuesday, when a strong system pushed steady showers and thunderstorms across the state.
Some of the highest totals over the past three days have been recorded across central Indiana. Rain gauges show 5.86 inches in Marion County, 5.02 inches in Morgan County, 4.97 inches in Hancock County, 4.95 inches in Shelby County, 4.57 inches in Johnson County, and 4.26 inches in Hendricks County. These totals represent a significant amount of rainfall in a short period of time and have left many areas with saturated ground and standing water in low spots.
Despite the widespread rainfall, the impact on drought conditions has been somewhat uneven across the state. According to the latest drought monitor, the areas that received the heaviest rain over the past few days are largely the same areas that were already in relatively good shape in terms of moisture levels. Meanwhile, parts of northern Indiana that have been dealing with more persistent dryness have seen much lighter totals.
Cities such as Kokomo, Lafayette, and Muncie have generally picked up less rain compared to areas farther south. Forecast models suggest that pattern may continue over the next several days.
Additional rainfall is expected through Thursday, with another round possible around midday Saturday. Current projections show the best chance for another inch or more of rain focusing once again across the southern half of the state, while northern Indiana may see lower totals.
That means while the recent rain has certainly helped improve soil moisture in many areas, it may not fully address the lingering dryness farther north. For now, the pattern remains active, and Hoosiers should expect more wet weather before the system finally begins to move out later this weekend.
Indiana basketball sharpshooter Lamar Wilkerson is known for his generosity.
Upon joining the Hoosiers, he gave a tidy sum of his NIL earnings to his previous program, Sam Houston State.
“I was blessed to be able go from that, from not having a lot, to being here, having a lot more than I even knew what to do with,” Wilkerson said at the time. “I just thought, I can give them this.”
He upped the ante on IU’s Senior Night, giving his mother a Cadillac after the Hoosiers throttled Minnesota.
You could imagine her reaction.
Want more Hoosiers coverage? Sign up for IndyStar’s Hoosiers newsletter. Listen to Mind Your Banners, our IU Athletics-centric podcast, on Apple Podcasts, Spotify or wherever you get your podcasts. Watch the latest on IndyStar TV: Hoosiers.
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