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Business Sale

Business
TGI Fridays Closing 7 NJ Restaurants, 30 Total Locations Across Northeast TGI Fridays Closing 7 NJ Restaurants, 30 Total Locations Across Northeast
TGI Fridays Closing 7 NJ Restaurants, 30 Total Locations Across Northeast TGI Fridays is closing nearly 30 "underperforming" locations across the northeast and will sell eight restaurants to the chain's former CEO, the chain said in a news release. The 27 closures include restaurants in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Virginia. In total, 36 TGI Fridays locations are shutting down nationwide. The company says about 1,000 employees, which represent more than 80% of those impacted, will be offered transfer opportunities. "As we continue along our path of transformation to revitalize the Fridays brand and …

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by Chris Spiker
Business
New Owners, Same Pizza: New Chapter Begins For La Bella Roma In Paramus New Owners, Same Pizza: New Chapter Begins For La Bella Roma In Paramus
New Owners, Same Pizza: New Chapter Begins For La Bella Roma In Paramus Longtime Paramus pizzeria La Bella Roma is under new ownership. However, customers likely won't notice a change, the new owners tell Daily Voice. The previous owners of the Farview Avenue shop — in business for nearly 50 years — have been looking to sell the business for about two years, sources say. Finally, they struck a deal. And the new owners are excited to be at the helm of the shop that for years has brought borough residents great food and lots of joy. The announcement of the sale came in a post from the borough’s mayor, Richard LaBarbiera, who described the business as a “pillar…

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by Valerie Musson
News
SALE PENDING: Toby's Cup In Phillipsburg Will Soon Have New Owners SALE PENDING: Toby's Cup In Phillipsburg Will Soon Have New Owners
Sale Pending: Toby's Cup In Phillipsburg Will Soon Have New Owners Sales are pending for Toby’s Cup, a small and beloved hot dog stand in Phillipsburg. The family-run shack that opened back in the 1940s on Route 22 will soon be under new ownership, LehighValleyLive reports. The buyer is 37-year-old Livingston (Essex County) native Daniel Risis, who reports say owns a successful pawnshop business in the Garden State and is the “driving force” behind an up-and-coming flea market outlet in Phillipsburg. The sale of Toby’s Cup includes the stand itself along with the surrounding area on Route 22 in Lopatcong Township, reports say. The sale price has not been…

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by Valerie Musson