Perkins declares bankruptcy

Perkins logo.jpg
Blaming the tough economy, dozens of Perkins close.
Apparently there isn't an endless appetite for 24-hour pancakes and Bottomless Cups of Coffee TM. Better pie-making processes and other efficiencies failed to offset the effects of reduced numbers of diners and rising ingredient costs, as the Tennessee-based ownership of the Perkins & Marie Callender's restaurants filed for chapter 11 bankruptcy today.

The legal decision was made in order to implement a financial restructuring that includes closing 58 restaurants. While seven Michigan Perkins closed with little notice on Sunday, and have already been wiped off the company's website, Minnesota only lost one location at 6023 Nicollet Avenue in Minneapolis. The other 76 Minnesota Perkins restaurants are expected to remain intact.

The company is required to complete restructuring by October 21, 2011. Upon completion, the business will be majority controlled by private investment funds managed by Wayzata Investment Partners LLC, of Minnesota.


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14 comments
Lloyd Llewellyn
Lloyd Llewellyn

They closed more than one location in Minnesota...the one in Brooklyn Center was closed as was a handful of others.....

raven
raven

Anther Minnesota stote is now closing in Sunray

Bohemianclub
Bohemianclub

Perkins at Highland.  My boy's burger is served on a stale bun.  When I mention it to the manager as we're paying, he reassures me with a "No, it wasn't stale.  I remember, it just sat under the warming lamp too long."  Silence.  He comped the burger.  

Terrencechristenson
Terrencechristenson

My first and worst job was a dishwasher at Perkins. I'm happy to watch them die.

Honestly
Honestly

This announcement makes me want to believe that the public's standards have gone up --that's not to say that the types of food were bad, just that they wanted them made better. There are some decent late night options too, if you know where to look.

Michael Mattson
Michael Mattson

Now where can people get American-style food like that little mom-and-pop diner sells?  Are we supposed to actually go to that mom-and-pop diner, like some kind of animal?

sam
sam

My favorite Hot Dish Posts are about my childhood restaurants filing for bankruptcy. 

slappy24
slappy24

Most of the multi-unit management is corrupt and incompetent.  They specialize in sex scandals and filthy restaurants. 

xtrachwymnky
xtrachwymnky

there's probably a reason you only amounted to a dishwasher.

Hexavalent Atom
Hexavalent Atom

There are some decent late night options too, if you know where to look.

Where?  How many other restaurants in the Twin Cities are open 24/7? 

carew73
carew73

The old hag that runs things in the metro spends more time in a tanning booth than she does at work. 

Honestly
Honestly

Late night options include but are limited to Uptown Diner and downtown Pizza Luce --even Mickey's is better that Perkins. If you need 24/7 on a Tuesday night at 4, plan better. Perkins actually makes me miss Dennys. On the subject of late night: this town needs a Waffle House. I think Socrates wrote something about how much Perkins sucks.

Hexavalent Atom
Hexavalent Atom

"If you need 24/7 on a Tuesday night at 4, plan better"

Thanks for the tip!  However, sometimes I do need something open really early/late on a Tuesday or Wednesday morning. 

My point still stands that Perkins (some of its locations at least) is one of the few restaurants open 24/7 in the Twin Cities.  Uptown diner is only open late Thursday-Saturday.  At least Pizza Luce is open until 2:30  Mon-Thursday. 

Mn Voter
Mn Voter

Honestly: this is a great business opportunity for you. Maybe Obama will borrow you some money to open a Waffle House. Hire some people and get the economy going again. Really, Mark Dayton should add a tax on all restaurants to use the money for his Union thugs (I mean friends)!

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