More Chaos in the Restaurant Industry

We've been warning about restaurants going under (click here).

Bennigan's started it, then Uno and Taco Del Mar. Now it's McGrath's Fish House.

The 20-unit chain has eight restaurants in Oregon and 12 in Washington, Idaho, Arizona, Utah and Colorado. Not quite on the same level as Bennigan's and Uno, but still another domino falling. The Restaurant Management Group is supervising the reorganization of McGrath’s, which ascribes the financial crisis to the usual problems: too much debt load and under-performing units. The plans include closing some locations, though no details are currently available. Uno has already closed 16 units, reducing its total to 179 outlets.

Yet still the chains say "we're not looking to do any licensing at this time."

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