TooJay's filing for bankruptcy

[kcrazorbackfan]

On the unmentionable online news. :ohdear: Really enjoyed their food, especially their carrot cake.

[ficoguy]

On the unmentionable online news. :ohdear: Really enjoyed their food, especially their carrot cake.
Sorry to hear that. I had stopped going when they kept raising prices and cutting out deals. First of many to come probably

[JoMar]

Don't think that means out of business.....means getting rid of their creditors and hopefully re-emerging.

[ficoguy]

Don't think that means out of business.....means getting rid of their creditors and hopefully re-emerging.
I bet those leases in The Villages are not negotiable

[anothersteve]

I bet those leases in The Villages are not negotiable

I'll take that bet

Steve

[tophcfa]

Bummer, we like that place. Lets hope its not the first wave to break before a tsunami of restaurant closings?

[ismatta]

I told the manager months ago they would be going out of business when management began cutting corners on the food. Their corned beef sandwich went from the best, to the worst overnight, for example.

[davem4616]

this does not mean the end of TooJay's...this gives them the opportunity to protect themselves from creditors that would force them out of business

now they'll have to restructure and hopefully they will successful emerge from bankruptcy ...it would be a shame if they went under... we never went there much, but ya couldn't beat their pastrami deli sandwiches...I never understood the bakery side of their business and wondered if that was a profit center for them or not

[BRN_RI_FL]

We really liked TooJays. Hardly ever disappointed there.
Why couldn’t it have been Cody’s?

[Twiganne]

I agree. Never was impressed. Prices too high and I got terrible food.

[Rwirish]

No one should wish a company place goes out of business.

[dewilson58]

Don't think that means out of business.....means getting rid of their creditors and hopefully re-emerging.


Correct

[dewilson58]

I bet those leases in The Villages are not negotiable


They are.

[Down Sized]

We really liked TooJays. Hardly ever disappointed there.
Why couldn’t it have been Cody’s?

My bet is they will also be on “the list”.

[BRN_RI_FL]

No one should wish a company place goes out of business.

In some cases it might be better for the public health.

[noslices1]

McAllisters for Pastrami or Corned Beef. Much better than TooJays

[NJDiane]

Yes, same with the pastrami. It became very fatty!

[Denvercane]

We really liked TooJays. Hardly ever disappointed there.
Why couldn’t it have been Cody’s?

Really, did you just say that? How crude and insensitive. Because you don't care for a place, you wish them to go out of business. I wish I could type what I would like to happen to people like you

[karostay]

AHHH First signs the virus is over and were getting back to normal

[riley2011]

No one should wish a company place goes out of business.

They should hope for it to go out of business if it’s dirty and been closed down more than once.

[justjim]

I’m sure they are a corporation so now is a great time to get rid of all their creditors who in reality won’t get any empathy or sympathy. I never was a big fan of their food either and never figured the location they chose at Brownwood. The first of several restaurants that will likely do the same not only here but elsewhere.

[B-flat]

Really, did you just say that? How crude and insensitive. Because you don't care for a place, you wish them to go out of business. I wish I could type what I would like to happen to people like you

We've have more bad than good experiences at Cody's. We stopped going over a year ago. They are dirty and have been shut down more than once. Sad because 4 to 5 years ago when we had family and a home in Ocala we loved Cody's on SR 200.

[toeser]

I bet those leases in The Villages are not negotiable

Unless the family wants a whole lot of empty buildings, they better learn to negotiate. In this environment, their iron fisted power is gone.

[PJackpot]

This is just the beginning. Only 25% of businesses that file chapter 11, as they have, survive. There are consequences to shutting down a 20 trillion dollar economy.

[Parker614]

I asked a restaurant owner if The Villages is giving them a break on their lease and the answer is NO!

[CarrieOn]

Amen.. Man people support your ma & pop's or all you will have is McDonalds & Evans.. Do you know how hard it is to run a small
business?.. It's not all about you getting a deal.. It's about the hospitality & passion of these owners to do what they love well.. stay in business for you.. AND THEY GOTTA MAKE MONEY!! yikes people..

[Bogie Shooter]

Too bad they didn’t get any of the money for small businesses. Nearly all given to major corporations. Another failure.

[Andyb]

Unfortunately, with the shutdown, the dominos are beginning to drop.

[xcaligirl]

Cody's going to BK wouldn't surprise me at all! Who knows, it could be coming for them too! Live close to one and the cars in the parking lot have been minimal for quite some time, way before COVID-19!

[Chi-Town]

From the SunSentinel re: TooJay's


Companies typically file for Chapter 11 when they plan to remain in operation but need time to restructure their debts. The filing enables companies to remain in operation while they work through the courts to develop long-term plans that satisfy their creditors.

[Stu from NYC]

Very sorry to hear this, love their burgers, grilled chicken and fries.

Hope they come out of this

[Stu from NYC]

Unless the family wants a whole lot of empty buildings, they better learn to negotiate. In this environment, their iron fisted power is gone.

If they keep getting bankruptcy notices from their customers they will have no choice but to be more accomodating.

[Charlieo]

Red

[wiltma]

this does not mean the end of TooJay's...this gives them the opportunity to protect themselves from creditors that would force them out of business

now they'll have to restructure and hopefully they will successful emerge from bankruptcy ...it would be a shame if they went under... we never went there much, but ya couldn't beat their pastrami deli sandwiches...I never understood the bakery side of their business and wondered if that was a profit center for them or not

I don’t think you ever had a good pastrami sandwich if you think theirs was the best. Way too much fat. Spoke with manager and he said that was how they receive it. Not a good excuse.

[RedChariot]

I told the manager months ago they would be going out of business when management began cutting corners on the food. Their corned beef sandwich went from the best, to the worst overnight, for example.

Sorry to hear that. I had stopped going when they kept raising prices and cutting out deals. First of many to come probably

I agree with both. We have gone to Toojays for the last 8 years. They have consistently raised prices and scale down on portions. Quality has been less than I would like. They have continued to take favorite selections off the menu. Don't want them to fail, but they are not what they used to be.

[Sherleyhalloy]

Cody’s carrot cake is better...when/if they reopen.

[gatorbill1]

chapter 11 puts all creditors on hold and cancels all leases

[Cranford61]

I agree. Never was impressed. Prices too high and I got terrible food.
I love it!!! Ma and Pa Schnitzle sell their farm in Gasfart, Ohio and move into a $150,000 villa in The Villages...AND...become a food critic and snob! Want great food?...move to Manhattan and pay five-fold.

[Juliebythesea]

And those people/companies that are owed money get nothing

[Samfl]

Yeah TooJay’s was great. Very consistent and friendly. Cody’s was always awful. Ironic

[DonnaNi4os]

I hope that they can re-emerge. I am happy I picked up an order the day before the announcement. They were always one of my favorite spots to go to and relax with friends. Wishing them the best. Their staff consists of real people who are hurting right now. I suspect that they will not be the only place to file for Chapter 11. How sad.

[Rapscallion St Croix]

Cody’s carrot cake is better...when/if they reopen.

What you are actually saying is that carrot cakes from Sysco are not the same as the ones from Cheney Brothers.

[Dilligas]

For a company that has been in the business as long as Toojays, they should not have to file bankrupcy. A well managed company should have enough cash and credit to handle even major problems. Yes pandemics are not expected and are the worst kind of problem, but the fed is also helping to bail companies. Filing this quickly only says they were living day to day and not controlling their business and budgets.

[obesurgeon@aol.com]

Where else can you get a tongue sandwich? My favorite.

[dewilson58]

chapter 11 ........... cancels all leases


Not true.

[dewilson58]

Unless the family wants a whole lot of empty buildings, they better learn to negotiate.


They already know how to negotiate.


:ohdear:

[donfey]

They are.

"Everything" is negotiable.

[slowe]

only Deli I ever went to that you could get Corned Beef on white bread with mayo and cheese.
Good Riddance

[coastalnh]

They had the best Shepard's Pie and Deli meats and Chopped Liver around. Not really a Jewish Deli though, which was disappointing. The two things I miss from up North - Real Jewish Deli and real Italian Bakeries.

[Scorpyo]

I love it!!! Ma and Pa Schnitzle sell their farm in Gasfart, Ohio and move into a $150,000 villa in The Villages...AND...become a food critic and snob! Want great food?...move to Manhattan and pay five-fold.

Some say Cody's should be gone as well. I totally disagree. I go to Cody's - don't really like the food or the mixed drinks. I find out what entertainment they have. If I like it I go, sit outside, have a beer (actually 2 as it's 2 for 1), a hamburger and fries. Ketchup and onions on the burger. That's what you wind up tasking anyway. So, for a few bucks you get an okay burger and fries, a typical beer and some entertainment for a relatively low price. If you have what you believe is a superior palate and exquisite tastes in entertainment and wine then by all means check out Manhattan. It will only be a couple of bucks more. After all you get what you pay for.

[sborlove]

On the unmentionable online news. :ohdear: Really enjoyed their food, especially their carrot cake.
This is what happens when you don't take care of your customer base. Poor management at the Brownwood location has always been a problem. Numerous mess ups on orders for take out recently and when they run a promo they always run out. I stopped going a while ago just because they didn't care.

[Challenger]

For a company that has been in the business as long as Toojays, they should not have to file bankrupcy. A well managed company should have enough cash and credit to handle even major problems. Yes pandemics are not expected and are the worst kind of problem, but the fed is also helping to bail companies. Filing this quickly only says they were living day to day and not controlling their business and budgets.

Sounds like the American public in general . Know many people with family incomes over $200,000 annually, big home, 2 cars, ritzy vacation, and no reserves . Now we "need " to bail these people out. Time for people to be more responsible or pay the piper. I do support stimulus in targeted situations and understand that misjudgements will be made. Goes for corporations and small businesses alike. Cash on Hand is still King.

[Mleeja]

It is obvious that most of the posters did not read the article “in that other place”. TooJays has three locations in The Villages. Most of their other locations are in south Florida and cannot reopen. Yes, Chapter 11 is a last gap opportunity to stay in business, but three locations in The Villages is not going to keep the entire corporation afloat.

Like all the other restaurants “reviews” if you do not like a restaurant, just don’t go their. Let others make their own choice/decisions. Me, I have alway enjoyed TooJays and will be sorry if they don’t survive this shutdown. I am sure there are going to be others as well.

Lastly, rather than thinking about yourselves and your food choices, think about all the severs, cooks, hostesses, and managers that will be losing their job permanently if TooJays closes. Find you favorite places, and support you local restaurants!

[gloryall]

I loved everything I had there!

[dewilson58]

Sounds like the American public in general . Know many people with family incomes over $200,000 annually, big home, 2 cars, ritzy vacation, and no reserves . Now we "need " to bail these people out. Time for people to be more responsible or pay the piper. Goes for corporations and small businesses alike.




Sounds like every generation talking about the next generation. :shocked:

[Bellavita]

doesn't mean they are closing just needing financial help

[mjpuleo]

too bad--we don't want to see empty store in The Villages.

[Two Bills]

too bad--we don't want to see empty store in The Villages.

Brownwood has been used to seeing that situation since it was built.

[Marvic 1]

Want great food?...move to Manhattan and pay five-fold.

The Hot Pastrami with Mustard in a Jewish deli in Manhattan was the best and was worth every penny of it.... :icon_hungry:

[Marvic 1]

Lastly, rather than thinking about yourselves and your food choices, think about all the severs, cooks, hostesses, and managers that will be losing their job permanently if TooJays closes. Find you favorite places, and support you local restaurants!

One Restaurant shuts down, another one opens, its been that way all the time unless of course the neighborhood goes down hill...

[ficoguy]

Depends on which chapter of bankruptcy they are seeking - reorganization or liquidation.

[sloanst]

I think you will lose.

[Shell1234]

Worst service - the one by Spanish Springs Town Ctr

[Barborv]

OH NO!! Tell me it isn't so! We always go to Toojays whenever we come down to TV.

[champion6]

Depends on which chapter of bankruptcy they are seeking - reorganization or liquidation.Chapter 11 - reorganization.

[Diverdave]

Don't think that means out of business.....means getting rid of their creditors and hopefully re-emerging.

Absolutely correct, bankruptcy is simply a way of saying "Please give me some room to breath while I get back on my feet, I think I can make this work out if you will just work with me"

[tophcfa]

Absolutely correct, bankruptcy is simply a way of saying "Please give me some room to breath while I get back on my feet, I think I can make this work out if you will just work with me"

That's one way to look at it, but if you are the one that lent them money, you hear something different. What lenders hear is, I want to keep my business open without paying back the money I borrowed from you and promised to pay back, with interest. Don't get me wrong, I feel bad for the businesses that are getting hit with forced closings and a weakened economy, but lenders are in business also. And if enough of the businesses they lent money to file for bankruptcy, they could also be forced into bankruptcy. Lenders seem to be viewed by many as the bad guys, but they are not.

[boobear51751]

We too have stop going there almost a year ago. They priced themselves right out of the market. They are a family style restaurant and their food is considered comfort foods. Not outstanding food but good comfort type foods. Pricing like they are a four star restaurant and not doing any couponing or other worthwhile discounts has hurt them. Not sure what type of bankruptcy the have file (reorganizational), but if they do continue to be in business they must rethink what will make their customers happy.

[CoachKandSportsguy]

And if enough of the businesses they lent money to file for bankruptcy, they could also be forced into bankruptcy. Lenders seem to be viewed by many as the bad guys, but they are not.

As tophcfa states, in financial transactions, there are always two sides, two opposing viewpoints, one the buyer/renter/borrower, and two the seller/landlord/lender. Borrowing money is the same as renting money, there is a monthly rental payment due. Buyers/renters and sellers/borrowers always have the opposite view.

The financial issue is always economic stability, the more the better, the less, the more difficult. The villages corp is in the same position as many, many other commercial real estate management companies. FirstCitizens bank and the state and county governments are also in the same position as many other banks, urban state and county governments around the country.

I am eager to see how the villages corp handles the retail situations. . . will they adapt and have a quick recovery? or be rigid, and have a hard time bouncing back. We are somewhat dependent on their choices. . . . a trade off we ALL made for the location and the amenities. . .

sportsguy

[PPLEPEU]

Absolutely correct, bankruptcy is simply a way of saying "Please give me some room to breath while I get back on my feet, I think I can make this work out if you will just work with me"

But most often it just passes the problem up the line.

For example, if their kitchen equipment is worth $200,000 but they owe $500,000 Chapter 11 court would likely allow them to reduce the principal and pay only on the lower amount.

Good for the filer, bad for the business that loaned them the money. That next level up could be a relatively small business that borrowed money to buy the equipment to sell on terms to TooJays. Now they won’t get paid enough to cover their expenses and might also go bankrupt if enough of their customers stop paying.

And on it goes to the next level up.

These will be VERY challenging times if the lockdown extends much longer.

[Chatbrat]

Go on line and look up Katz's, NYC--& see what a real hand carved Jewish Deli sandwich should look like, put $$ out of the equation one is the real deal the sandwich Toojay's puts out is a third rate imitation

You're not a snob, if you had different experiences & know whats right

[Challenger]

Sounds like every generation talking about the next generation. :shocked:

Think you are correct. Have seen many in my generation who have been paupers in retirement for the very same reasons.

[bumpygreens]

I hope I'm wrong, but this is probably the first of many. And it won't just be restaurants. A lot of small businesses across the country won't be returning. I'm worried about the vendors from the farmers market, the market nights on the town squares, small retail shops and boutiques, salons, etc. And not just these businesses; how are the people they employed getting by? If governors are slow to re-open their states, we just wasted an enormous amount of stimulus and payroll protection money.

[coffeebean]

They had the best Shepard's Pie and Deli meats and Chopped Liver around. Not really a Jewish Deli though, which was disappointing. The two things I miss from up North - Real Jewish Deli and real Italian Bakeries.

I surely agree with you about the Italian Bakeries.