Talk of The Villages Florida

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-   Restaurant Discussions (https://www.talkofthevillages.com/forums/restaurant-discussions-90/)
-   -   TooJay's filing for bankruptcy (https://www.talkofthevillages.com/forums/restaurant-discussions-90/toojays-filing-bankruptcy-305904/)

DonnaNi4os 04-30-2020 09:05 AM

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 04-30-2020 09:06 AM

Quote:

Originally Posted by Sherleyhalloy (Post 1756148)
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 04-30-2020 09:08 AM

Example of poorly managed company
 
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 04-30-2020 09:16 AM

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

dewilson58 04-30-2020 09:20 AM

Quote:

Originally Posted by gatorbill1 (Post 1756160)
chapter 11 ........... cancels all leases


Not true.

dewilson58 04-30-2020 09:23 AM

Quote:

Originally Posted by toeser (Post 1756060)
Unless the family wants a whole lot of empty buildings, they better learn to negotiate.


They already know how to negotiate.


:ohdear:

donfey 04-30-2020 09:31 AM

Nope.
 
Quote:

Originally Posted by dewilson58 (Post 1756018)
They are.

"Everything" is negotiable.

slowe 04-30-2020 10:04 AM

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

coastalnh 04-30-2020 10:07 AM

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 04-30-2020 10:19 AM

Exactly
 
Quote:

Originally Posted by Cranford61 (Post 1756186)
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 04-30-2020 10:21 AM

Quote:

Originally Posted by kcrazorbackfan (Post 1755942)
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 04-30-2020 10:59 AM

Quote:

Originally Posted by Dilligas (Post 1756205)
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 04-30-2020 11:07 AM

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 04-30-2020 11:12 AM

I loved everything I had there!

dewilson58 04-30-2020 11:15 AM

Quote:

Originally Posted by Challenger (Post 1756290)
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 04-30-2020 12:23 PM

doesn't mean they are closing just needing financial help

mjpuleo 04-30-2020 01:00 PM

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

Two Bills 04-30-2020 01:05 PM

Quote:

Originally Posted by mjpuleo (Post 1756349)
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 04-30-2020 01:17 PM

Quote:

Originally Posted by Cranford61 (Post 1756186)
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 04-30-2020 01:27 PM

Quote:

Originally Posted by Mleeja (Post 1756294)

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 04-30-2020 01:46 PM

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

sloanst 04-30-2020 02:06 PM

I think you will lose.

Shell1234 04-30-2020 02:44 PM

Worst service - the one by Spanish Springs Town Ctr

Barborv 04-30-2020 03:02 PM

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

champion6 04-30-2020 03:20 PM

Quote:

Originally Posted by ficoguy (Post 1756375)
Depends on which chapter of bankruptcy they are seeking - reorganization or liquidation.

Chapter 11 - reorganization.

Diverdave 04-30-2020 09:41 PM

Legal move to allow for some financial relief
 
Quote:

Originally Posted by JoMar (Post 1755944)
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 04-30-2020 09:56 PM

Quote:

Originally Posted by Diverdave (Post 1756510)
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 05-01-2020 06:55 AM

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 05-01-2020 07:03 AM

Quote:

Originally Posted by tophcfa (Post 1756512)
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 05-01-2020 08:06 AM

Quote:

Originally Posted by Diverdave (Post 1756510)
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 05-01-2020 10:44 AM

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 05-01-2020 11:08 AM

Quote:

Originally Posted by dewilson58 (Post 1756300)
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 05-01-2020 12:13 PM

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 05-09-2020 06:09 AM

Quote:

Originally Posted by coastalnh (Post 1756256)
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.


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