“All of these issues are being reviewed by financial and legal professionals,” says Donbavand. “We intend to investigate the propriety of the disclosures, and intend to consult with our counsel regarding any remedies we may have.”Īccording to the release, the company did not know about an $11.37 million default judgment against Buffets, LLC, (formerly known as Buffets, Inc.) warded to plaintiffs in October 2015 arising out of a 2014 court case for an incident dating back to 2010 when the company was acquired.ĭonbavand also commented that, in addition to a precipitous decline in sales at the restaurants that, in his experience, was unusual, several large, long-term contracts were only recently determined to be, or alleged to be, in arrears and have had to be addressed in order to continue restaurant operations. The Chapter 11 filing is prompted by the discovery of liabilities, or alleged liabilities, that we believe were not disclosed in our negotiations,” says Peter Donbavand, Vice President for Business Development. “Buffets, LLC, was acquired by merger in August of 2015.
Later, permanency of the closure was disclosed.Īlso closing, Soto said, are restaurants in Dickson City, Erie, Wyomissing, Fairless Hills, Dickson City and Mechanicsburg.Ĭorporate representatives said several unforeseeable circumstances led to financial distress which caused the company to seek relief from the courts. Originally, as signage indicated, the Wilkes-Barre site was set to close only temporarily. The announcement follows a press release Monday, indicating Buffets, LLC, of which Old Country Buffet is a part, was set to file Chapter 11 bankruptcy so it can restructure its finances. Wilkes-Barre Township’s Old Country Buffet is now closed.Īshley Soto, Ink Link Marketing, a public relations agency representing the Buffets, LLC, said the restaurant will not re-open. For Lunch or Dinner, Ole Times Country Buffet only offers the best food at the best prices.Tired of ads? Subscribers enjoy a distraction-free reading experience. Our cooks work hard to replicate the flavors of home, so you can take a break from the kitchen and treat your family to a great meal and a fantastic time. Southern-Style Food with Unsurpassed Quality Fresh baked breads, garden-fresh, well-seasoned vegetables, and juicy, delicious meats, we create each meal with the finest ingredients available. Whether you bring your family in for some good quality time together, or gather with your friends for a hearty meal, Ole Times Country Buffet is the perfect place for you! Our caring staff and talented cooks are dedicated to making your dining experience fun, relaxing, and pleasurable. But that doesn’t mean an end to the controversy over the operation of the company, which had been known as Buffets LLC and then Fresh Acquisition. We offer a wide selection of southern cooked food, made from only the highest quality products available, in a cozy, inviting atmosphere. The assets for Old Country Buffet’s former owner have been sold to the parent company of Famous Dave’s and the company is winding down its bankruptcy. Ole Times Country Buffet is a true Southern Cooking country buffet restaurant proudly serving North Florida, Georgia, and Auburn, AL.
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