Business & Tech
TGI Friday's Closes Bensalem Location
The national chain shuttered its Street Road location as part of its bankruptcy procedures. It's the second closure in Lower Bucks County.
BENSALEM TOWNSHIP, PA —TGI Friday's has shuttered its Street Road location as the national chain goes through bankruptcy procedures.
Posters on Bensalem's Facebook community pages reported that the restaurant closed its doors last week. Patch called the eatery on Tuesday to find its phone number disconnected in trying to reach the local location.
The closure marks the second for the eatery in Lower Bucks County.
Find out what's happening in Bensalemfor free with the latest updates from Patch.
In late October, TGI Friday's closed its location at the Oxford Valley Mall in Middletown Township.
Several TGI Fridays have shuttered in the Philadelphia region recently, including three in New Jersey recently.
Find out what's happening in Bensalemfor free with the latest updates from Patch.
TGI Fridays has closed many of its locations since last year and is considering filing for bankruptcy, according to Bloomberg.
In January, TGI Fridays announced the closures of 36 "underperforming" restaurants.
TGI Fridays is preparing to file for Chapter 11 bankruptcy in the near future, Bloomberg reported last week. The company blamed rising interest rates, heavy debt, and increased competition, Bloomberg said.
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