EatStreet, Inc., a Wisconsin-based food delivery service, filed for Chapter 11 bankruptcy on October 11, 2024, in the United States Bankruptcy Court for the Western District of Wisconsin (Case No. 24-12061). The filing was voluntary and aimed at restructuring the company’s debts and financial obligations under Chapter 11 bankruptcy laws. EatStreet’s assets and liabilities are both …
Continue reading “EatStreet Files for Chapter 11 Bankruptcy”
The ASAP.com domain name was sold in a bankruptcy auction managed by Heritage Global Partners (HGP). The sale price was $340,000, plus an additional 19% buyer’s premium. The total paid for the domain name was $404,600. David Barkoff, Senior Vice President at Heritage Global Partners, confirmed the sale has fully transacted. David also let me know that …
The pandemic and its aftermath continue to victimize local chains, even those with strong reputations and national notoriety. The latest is Melt Bar & Grilled, a grilled cheese concept founded in 2006 that operates four locations in Ohio. The company, which at one point was featured on both the Food Network and the Travel Channel, …
Continue reading “More small restaurant chains file for bankruptcy”
You can get a really good idea how the U.S. economy is doing by watching restaurants in your area. When the economy is booming, restaurant parking lots are full and chains are feverishly establishing new locations. But when the economy is struggling, restaurants get a lot less traffic and poor performing locations get shut down. …
There’s basically nothing proprietary about food delivery. One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, it becomes hard for any player in the space to make money. Competition commoditizes the service and drives the …
Continue reading “Food-delivery service closes, bankruptcy filing likely”
Waitr Holdings filed for Chapter 7 bankruptcy on April 2, with plans to liquidate any of the company’s assets ASAP, the food delivery service formerly known as Waitr, has shut down after the company filed for Ch. 7 bankruptcy, according to an 8-K form filed with the U.S. Securities and Exchange Commission on April 2. According to …
Continue reading “ASAP delivery service previously known as Waitr files for bankruptcy”
The restaurant delivery company formerly known as Waitr is no more. The Louisiana-based provider, which rebranded as ASAP in 2022, filed for Chapter 7 bankruptcy Tuesday and ceased operations. It had been struggling amid competition from bigger delivery companies like DoorDash and Uber Eats for years. Its revenue and corporate headcount declined sharply last year …
Continue reading “ASAP delivery service files for Chapter 7 bankruptcy”
Waitr Holdings, the parent company for the company formerly known as Waitr and several other subsidiaries, has filed for Chapter 7 bankruptcy. The company announced the move in a document filed Tuesday with the U.S. Securities and Exchange Commission. It comes after the company now known as ASAP announced on Friday it would cease operations …
