Tag:

Business Sale

Alexandria, VA
Business
LL Flooring To Close Three DMV Stores Amid Chapter 11 Bankruptcy Proceedings LL Flooring To Close Three DMV Stores Amid Chapter 11 Bankruptcy Proceedings
LL Flooring To Close Three DMV Stores Amid Chapter 11 Bankruptcy Proceedings LL Flooring, which filed for Chapter 11 bankruptcy protection, is set to close several stores in Maryland and Virginia amid its financial issues. The flooring company - once known as Lumber Liquidators - plans to shutter the doors of two locations in Maryland, and one in Virginia amid its massive reorganization process. In Maryland, stores in Edgewood (Harford County) and Lutherville (Baltimore County), while in Virginia, the Woodbridge (Prince William County) store is on the chopping block. According to CEO Charles Tyson, who wrote a letter to customers,  while they plan to close 94 …

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by Zak Failla
New Rochelle, NY
Business
New Rochelle Restaurant Announces Sale: Here's Last Day Of Service New Rochelle Restaurant Announces Sale: Here's Last Day Of Service
New Rochelle Restaurant Announces Sale: Here's Last Day Of Service After nearly a decade, the owners of a well-liked Westchester sports bar have decided to sell their business.  In an announcement on Monday, June 10, the owners of North End Tavern, located in New Rochelle at 1301 North Ave., said they would sell their establishment to a new ownership group after eight years in business.  Although the owners did not specify the circumstances behind their decisions, they said it was for "many good reasons."  "We were very proud to serve New Rochelle and the surrounding communities and value deeply the relationships we have made," the owners w…

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by Ben Crnic
Vernon-Rockville, CT
Business
Owner Of Popular CT Business Announces Retirement, Sale After 39 Years Owner Of Popular CT Business Announces Retirement, Sale After 39 Years
Owner Of Popular CT Business Announces Retirement, Sale After 39 Years The owner of a well-loved garden center in Connecticut has announced that he will be retiring and selling the business after 39 years.  Jim Cropley, the owner of Cropley's Garden Center & Landscaping in the Tolland County town of Bolton at 1262 Boston Turnpike (Route 44), announced his decision to retire and sell the business on Tuesday, March 12.  Cropley attributed his decision to wanting to spend more time with his family year-round.  "I have been lucky enough to spend this winter enjoying time with my family and have decided to enjoy it year-round," he wrote in his a…

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by Ben Crnic
Lakewood, NJ
Business
TGI Fridays Closing These 'Underperforming' Northeast Restaurants TGI Fridays Closing These 'Underperforming' Northeast Restaurants
TGI Fridays Closing These 'Underperforming' Northeast Restaurants 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
North Hunterdon, NJ
Real Estate
Phillipsburg Hot Dog Shack Days Away From Auction Phillipsburg Hot Dog Shack Days Away From Auction
Phillipsburg Hot Dog Shack Days Away From Auction A Phillipsburg business site once renowned for its hot dogs is headed to auction. Bidding ends for 857 Rt. 22 — known as the beloved Toby’s Cup since the 1940s — at 1 p.m. on Thursday, Dec. 14. The commercial property sits on .63 acres of land with public sewer and water, its LoopNet listing says. It has a high-visibility location and is also zoned for residential, retail, and office space. The Phillipsburg staple was sold to Livingston native Daniel Risis in early 2020 after its previous owner, James Nicnick, worked there for more than three decades, Daily Voice reported. The auction is …

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by Valerie Musson
Massapequa, NY
Business
‘Not Done Lightly’: Popular Long Island Restaurant Changing Hands After 15 Years ‘Not Done Lightly’: Popular Long Island Restaurant Changing Hands After 15 Years
‘Not Done Lightly’: Popular Long Island Restaurant Changing Hands After 15 Years This story has been updated. A popular Long Island restaurant known for its casual American cuisine is changing hands after 15 years in business. McQuades Neighborhood Grill, located in Lynbrook at 275 Merrick Road, has been sold to new owners, restaurant owner Jim McQuade revealed in a Facebook post Monday, Jan. 2.  “The decision to sell after 15 years of serving you, getting to know you and making you part of our McQuade's family was not done lightly,” he said. “Our family business has been going steadily for many years and has been a wonderful experience for us. Lynbrook and the surro…

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by Michael Mashburn
Villas-Lower Township, NJ
Real Estate
Wildwood's Popular Route 66 Restaurant & Pizzeria For Sale: Report Wildwood's Popular Route 66 Restaurant & Pizzeria For Sale: Report
Wildwood's Popular Route 66 Restaurant & Pizzeria For Sale: Report Always dreamed of operating a pizzeria? You're in luck, and you don't need to worry about the mortgage. Wildwood Boardwalk Route 66 Restaurant & Pizzeria located at 2700 Boardwalk in Wildwoods is for sale, the Coastline Realty website shows. The sale includes the business and equipment only -- not the building and property. It's listed at $180,000, according to WatchTheTramCarPlease. Memorabilia like the Elvis and Betty Boop statues ad 1932 hot rod on the roof do come with the deal. This 140-seat restaurant is in an ideal location on the Boardwalk and is fully operationa…

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by Jon Craig
Paramus, NJ
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
Pleasantville, NY
Business
Popular Deli In Hudson Valley Announces Closure Popular Deli In Hudson Valley Announces Closure
Popular Deli In Hudson Valley Announces Closure A popular seafood deli and market has closed its door for good after the owners failed to find a buyer. The owners of Ulster County staple Sea Deli Select Seafood, located in Kingston, announced on Facebook they planned to close as of Monday, Jan. 17, the location after reaching their 70s and wanting to retire, but they can't find a buyer. "We've been trying to keep the Sea Deli open w/a buyer. That hasn't worked out," the owners posted. "At this time, Sea Deli is closing its doors. We are very thankful to all our customers and friends. We'll miss you all." The group plans to continue t…

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by Kathy Reakes
New Haven, CT
Business
10-Year-Old Downtown Cafe Purchased By New Owners 10-Year-Old Downtown Cafe Purchased By New Owners
10-Year-Old Downtown Cafe Purchased By New Owners Cafe Atlantique has been sold to the owners of a gaming cafe in the city. Husband and wife Ryan McConnell and Hanna Tedros, owners of Hawkwood Game Cafe on Broad Street have purchased Atlantique, said Atlantique Tina Roberts on Monday, Sept. 21. Atlantique on River Street, which closed for months due to the COVID-19 pandemic, will reopen under new management toward the end of October. Some of the Atlantique staff will stay on and work under the new owners, Roberts said. Roberts, who owned and operated Atlantique for 10 years, said she is starting a “new adventure.” She has sold her home …

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by Kristin Palpini
North Hunterdon, NJ
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