Talk of The Villages Florida

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-   Restaurant Discussions (https://www.talkofthevillages.com/forums/restaurant-discussions-90/)
-   -   Square 1 bankrupt (https://www.talkofthevillages.com/forums/restaurant-discussions-90/square-1-bankrupt-242568/)

tagjr1 06-15-2017 01:33 PM

What a crock ! Every time we went to Square One it was packed. Something else must have torpedoed their business, like maybe poor management.

JoMar 06-15-2017 03:48 PM

Quote:

Originally Posted by dewilson58 (Post 1411990)
Square 1 went to the dogs.



:22yikes:

As long as they weren't serving them :)

daveczo 06-15-2017 04:14 PM

Pets on the patio had nothing to do with it. It is a great attraction at many restaurants. If dogs bother you more than loud old people, you are the problem.

dewilson58 06-15-2017 04:21 PM

Quote:

Originally Posted by daveczo (Post 1412170)
Pets on the patio had nothing to do with it. It is a great attraction at many restaurants. If dogs bother you more than loud old people, you are the problem.

Oh Boy........Here we go.


:popcorn::popcorn:

golfing eagles 06-15-2017 04:25 PM

Quote:

Originally Posted by DonH57 (Post 1412015)
Both my wife and I would like to see Legal Seafood come here as well but I doubt you'd see them in the villages.

I'll vote for Doug's Fish Fry

NotGolfer 06-15-2017 05:30 PM

Drove past there this afternoon and the patio was full. Might have been a bunch who'd golfed and were then doing their "dine....after the nine!"

kcrazorbackfan 06-15-2017 07:28 PM

Quote:

Originally Posted by daveczo (Post 1412170)
Pets on the patio had nothing to do with it. It is a great attraction at many restaurants. If dogs bother you more than loud old people, you are the problem.

:boom: :agree: :highfive:

LianaB 06-15-2017 08:28 PM

I eat there frequently. Best Burgers in The Villages IMHO
But I usually get the vegetarian black bean "burger" or portabello mushroom "burger".
I'm hoping they Villages location is here to stay!

NYGUY 06-15-2017 08:53 PM

Quote:

Originally Posted by Chatbrat (Post 1411955)
Looks like Square 1 is going out of business --the company has filed for bankruptcy protection--this is a signal for all future restaurants who has to rely on burgers as their mainstay--

Apparently none of you know anything about a Chapter 11 Bankruptcy filing. The company is reorganizing, not going out of business. That would be Chapter 7. Reading is fundamental. No one has said anything about the the local Square 1 closing.

dbussone 06-15-2017 09:34 PM

Quote:

Originally Posted by raynan (Post 1412003)
It's a corporate financial problem not their Villages location when they're closing all those other locations. Instead of all these burger places I wish we'd get another seafood place.
Lighthouse is always crowded. Legal Seafood, where are you? Please come here.



I'd kill for a Legal Seafood restaurant.


Sent from my iPad using Tapatalk Pro

DeanFL 06-15-2017 10:00 PM

Quote:

Originally Posted by NYGUY (Post 1412255)
Apparently none of you know anything about a Chapter 11 Bankruptcy filing. The company is reorganizing, not going out of business. That would be Chapter 7. Reading is fundamental. No one has said anything about the the local Square 1 closing.


Whoa! Kinda harsh NY...

Per the news re this topic, Sq 1 had 10 locations and they have shut down two since May. The remaining 8 locations are filed for individual Chapt 11. Including TV's.

In its bankruptcy filing, Square 1 blamed the financial troubles on an over-saturated restaurant market.

-------------------------

“Unfortunately, between 2014 and 2016, a number of restaurant franchises flooded the market saturating the areas around Square One’s restaurant with a litany of dining options,” court documents said. “When the competition settled in, Square One struggled to breakeven and quickly fell behind with its creditors.”

----------------------------

We typically go to TV Sq 1 once every 2 weeks or so, and have noticed substantial drop in diners the last 3 months or so, even mentioning that to waitstaff - their answer "Yes it's been slow..." And they have coupon specials, moreso lately it appears (good...but potentially bad).

So the concern is not actually 'closing soon', but unless business, creditor relief, or their balance sheet improves, it could be a matter of time for any of their LLC locations. It's a relatively small operation with little leverage.
Sign of the times unfortunately.

perrjojo 06-16-2017 08:18 AM

We don't live near their bad location but dine there often. I love eating the overpriced burgers in the dark, dingy atmosphere. BTW, I have only seen a dog on the patio once so those nasty dogs didn't bother me. I hope they remain open. I guess there is no accounting for what some people enjoy.

graciegirl 06-16-2017 08:23 AM

Quote:

Originally Posted by perrjojo (Post 1412368)
We don't live near their bad location but dine there often. I love eating the overpriced burgers in the dark, dingy atmosphere. BTW, I have only seen a dog on the patio once so those nasty dogs didn't bother me. I hope they remain open. I guess there is no accounting for what some people enjoy.

Et moi aussi.:coolsmiley:

DeanFL 06-16-2017 01:21 PM

Went to Sq1 TV for lunch today - curious, and have a $6 off coupon.
We were there about noon >place about 1/2 full (or 1/2 empty...).

Ordered our usual 'The American' with no seasoning - her broccoli as side, me a few onion rings. Great burger as usual IMO.
Asked the waitress how all is going. She said customers had questions (as we did), but business has been very good - the TV location is the best/busiest of all Sq1 locations. She said it is definitely a reorg-thing, and perhaps let loose of some locations that were losers. She said her job there is her sole income, has kids - and not worried at all. Said "if I was worried I would not be working today but out looking for another job. The waitstaff seemed to be very upbeat.

We hope all this is 100% as Sq1 is our close favorite place to occas cheat on a red-meat diet. And with coupons etc, price is right (free email club pays off).

graciegirl 06-16-2017 01:34 PM

I love an excellent hamburger and Chatbrat, I see no reason why a restaurant wouldn't survive featuring them.


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