KRYSTAL BURGERS ARE DEAD

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 KRYSTAL “BURGERS” FILES FOR BANKRUPTCY

CNN Business  January 21, 2020 



 (CNN Business)  Krystal, a popular fast food chain that sucked for years in the southeastern United States, has filed for bankruptcy.  Good Riddance, inferior product, no real nutritional values 

In its filing, Krystal cited several contributing factors toward its bankruptcy: 

The filing also said that the tight labor market has it made it hard to find employees, and that it’s not “ uncommon” for quick service restaurants to have a 200% turnover rate.  Want to keep them…pay them, treat them well…

“These challenges (together with company-specific business challenges) have resulted in deteriorating financial performance," wrote Jonathan Tibus, Krystal's chief restructuring officer.

He must of come out of the ether and realized he had a frickin loser in his pocket, grab what you can and run…

Krystal filed for Chapter 11 on Sunday in Atlanta, where the company is based. The filing revealed that the company has debts between $50 million and $100 million dollars and that its restaurants will remain open during the bankruptcy process. 

"The actions we are taking are intended to enable Krystal to establish a stronger business for the future and to achieve a restructuring in a fast and efficient manner," a Krystal spokesperson said in a statement. The company is best known for serving hamburgers on steamed square buns.  We called them two x two’s… inches.

The fast food chain first opened in 1932 in Chattanooga, Tennessee before moving its headquarters to the Georgia capital in 2013.   Krystal, which claims to be the second-oldest quick-service restaurant in the US, operates roughly 300 restaurants and employs 7,500 people.   Hopefully they’ll get better jobs…

Krystal shook up its leadership ranks in November, naming both a new president and chief operating officer following the abrupt departure of its CEO.  The company is also experimenting with a new, smaller store format that it has credited for boosting sales.  Smaller store, just hide it in a closet and forget the idea…your customer based clientele has moved on or died of starvation.

SIMPLE TRUTH


EDITORS COMMENTS:   Call it what they may, the simple answer was a nothing burger, no value, not enough meat that reminded me of undersized Hors d’oeuvres (pronounced “ Or-DERVS”) which are small one or two-bite items that are served before dinner, usually accompanied by cocktails.    They did not serve cocktails…   As well, hors d’oeuvres may be served at a cocktail party where a full dinner is not being served.  Hors d’oeuvres can be served at a table or passed on trays among guests. If guest are hungry, they will leave and go eat elsewhere.   Less meat, more onions than meat, a bun my gerbil would starve on.