RJ Gators Files For Bankruptcy Again
Almost exactly one year after being sold for $2 million, R J Gator's has once again filed for bankruptcy. It's not surprising, considering the recent closings of the Port St. Lucie and Okeechobee locations.
Palm Beach Gardens-based J&D Restaurant Holdings filed for Chapter 11 bankruptcy protection on Wednesday, said Alex Tyson, director of operations for the company.True. It's gotten really tough out there right now for restaurants. That said, some chains seem to be doing well, so perhaps some innovation is necessary.The company is way behind on its bills, but it's hopeful that it can reorganize and keep its remaining five restaurants open, Tyson said.
The company closed its Port St. Lucie and Okeechobee restaurants this month and its Stuart restaurant in June.
Tyson blamed the soured economy for putting a dent in the restaurants' business.
"When you talk to people and you say, 'How are you going to save money?' ... the first thing that they say is, 'We're not going to go out to eat,' " Tyson said.
RJ Gator's files for bankruptcy [Palm Beach Post]
RJ Gators Sold For $2 Million [MP: South Florida]
Duffy's Bucks Downward Economic Trend [MP: South Florida]
R J Gator's [Official Site]
