Bennigan Franchising Co. Seeks to Sell Some Closed Locations

It was reported on Reuters that the owner of the Bennigan's Grill & Tavern franchises said it is undertaking a program for franchisees to buy some corporate-owned restaurants that were closed as part of the owner's recent bankruptcy filing.

Bennigan's Franchising Company, L.P. and Steak & Ale Franchising Company, L.P., the owners of the Bennigan's and Steak & Ale trademarks and franchise agreements, were not part of the Chapter 7 filing made by its parent company, S&A Restaurant Corp., said it has hired several people to help move the restaurants' operations forward as a franchise-focused brand.

The 138 domestic and international franchisee-owned restaurants remain open and fully operational. Bennigan's Franchising Company, L.P. and Steak & Ale Franchising Company, L.P. will continue to provide support services to its franchisees and remain focused on maintaining and maximizing the value of the franchise brands for its franchisees and their loyal customers.