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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.
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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.
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Too Jays
Where else can you get a tongue sandwich? My favorite.
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Not true. |
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They already know how to negotiate. :ohdear: |
Nope.
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only Deli I ever went to that you could get Corned Beef on white bread with mayo and cheese.
Good Riddance |
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.
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Exactly
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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! |
I loved everything I had there!
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Sounds like every generation talking about the next generation. :shocked: |
doesn't mean they are closing just needing financial help
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too bad--we don't want to see empty store in The Villages.
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Depends on which chapter of bankruptcy they are seeking - reorganization or liquidation.
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I think you will lose.
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Worst service - the one by Spanish Springs Town Ctr
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OH NO!! Tell me it isn't so! We always go to Toojays whenever we come down to TV.
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Legal move to allow for some financial relief
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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.
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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 |
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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. |
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 |
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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.
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