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Ryan’s, Hometown Buffet parent company files for Ch. 11 bankruptcy
Buffets Inc.,, the parent company to Hometown Buffet and Ryan’s which less than four months ago abruptly closed its last remaining Dayton-area restaurant in Washington Twp., has filed for Chapter 11 bankruptcy, according to several news sources, including this story from Nation’s Restaurant News.
This is the second bankruptcy filing for the Minnesota-based company in four years. Buffets Inc. closed 81 more restaurants as part of the restructuring plan, according to the NRN story.
Buffets Inc. operates four Hometown Buffet restaurants in the Columbus area and two Ryan’s locations in the Indianapolis area.
The closing in September of the Hometown Buffet at 745 Lyons Road in the Washington Park Plaza caught many of its customers by surprise, and at that time, a spokesman for the parent company seemed unaware that the restaurant had shut its doors and subsequently declined to comment on any aspect of the closing.
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