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Sticky Fingers Restaurants LLC, the parent company of the popular fast casual restaurant chain Sticky Fingers Rib House, reportedly filed for Chapter 11 bankruptcy on March 1, TheStreet.com reports.
Sticky Fingers Rib House, which previously had up to 11 locations in South Carolina, Tennessee and Florida prior to the COVID-19 pandemic, was previously forced to close nine locations and later opened two more, according to its website. The South Carolina-based restaurant chain reportedly listed up to $50,000 in assets and $1 million to $10 million in liabilities in its bankruptcy petition, while the debtor said funds would be available to distribute to unsecured creditors, according to TheStreet.com.
Sticky Fingers is the latest among several fast casual dining chains that have filed to bankruptcy in the years following the COVID-19 pandemic, which also includes the similarly named, but unrelated, Sticky's Finger Joint chicken fingers chain, as well as Tijuana Flats, Rubio's Coastal Grill, BurgerFi and Anthony's Coal Fire Pizza, all of whom filed for Chapter 11 bankruptcy in 2024.
BurgerFi International Inc., the Fort Lauderdale-based parent company of BurgerFi and Anthony's Coal Fire Pizza, was reported to have a debt of $500 million while having accumulated an estimated $50 million to $100 million in assets, at the time of its filing in the District of Delaware last year.