LIST: Red Lobster could be shuttering more restaurants around the US, report says (2024)

WASHINGTON (TND) — Red Lobster could be shuttering even more locations across the U.S. after voluntarily filing for bankruptcy and struggling to stay afloat.

According to CNN, the seafood chain currently has more than $1 million in debt and less than $30 million cash on hand. The report says Red Lobster intends to sells its business to lenders and receive financing in the meantime.

Red Lobster abruptly closed 50 locations in May, taking both customers and employees by surprise, and filed for Chapter 11 bankruptcy not long after. Restaurant liquidator TAGeX Brands started auctioning off kitchen equipment and furniture from closed locations as part of its "largest restaurant equipment auction ever."

Last summer, Red Lobster launched a $20 all-you-can-eat shrimp deal which, although popular with customers, ended up costing the company over $11 million in one quarter.

Maintaining stable management has proven difficult, with the company seeing multiple ownership changes over its 56-year history. Earlier this year, Red Lobster co-owner Thai Union Group, one of the world’s largest seafood suppliers, announced its intention to exit its minority investment in the dining chain.

The first Red Lobster opened its doors in 1986 in Lakeland, Florida, and had more than 700 locations worldwide before the closures began.

Check the list from CNN below to see if your local restaurant could be closing. The full list was revealed in court filings last week and all of these could be closed if they can't renegotiate the leases, CNN says.

Alabama

- 2620 McFarland Blvd. E, Tuscaloosa

Arizona

- 2500 S. Beulah Blvd., Flagstaff

- 7921 W. Bell Rd., Peoria

- 2810 North 75th Ave., Phoenix

- 5061 North Oracle Road, Tucson

Arkansas

- 3885 N Shiloh Drive, Fayetteville

- 7401 Rogers Ave., Fort Smith

- 4500 Central Avenue, Hot Springs

- 8407 W. Markham Street, Little Rock

California

- 6231 Sunrise Blvd, Citrus Heights

- 503 E. Calaveras Blvd., Milpitas

- 928 W. Huntington Ave., Monrovia

- 4095 Century Blvd, Pittsburg

- 1720 N Main Street, Salinas

- 195 E. Hospitality Lane, San Bernardino

- 2040 Aborn Road, San Jose

- 2283 W. March Lane, Stockton

- 1180 Admiral Callaghan Lane, Vallejo

Colorado

- 4925 N Academy Blvd, Colorado Springs

- 3301 S. College Ave., Fort Collins

- 2885 23rd Ave, Greeley

- 3306 N Elizabeth Street, Pueblo

Connecticut

- 320 Universal Drive North, North Haven

Delaware

- 309 Rocky Run Parkway, Talleyville

Florida

- 340 West SR 436, Altamonte Springs

- 2475 Highway 27 South, Clermont