A Regional Gourmet Sandwich Chain Has Just Filed For Bankruptcy

, the industry is rife with businesses facing economic struggles. Most recently, an Ohio-based restaurant chain known for its gourmet grilled cheese sandwiches has been added to the unfortunate list.

On June 14, Cleveland-based Melt Bar & Grilled declared Chapter 11 bankruptcy protection. The company has been losing money and struggling to pay its landlords, vendors, and service providers, according to Melt was founded in 2006 and has four standalone restaurants in Akron, Columbus, Lakewood, and Mentor, Ohio. The chain also has two units at Cleveland's Progressive Field and Case Western Reserve University. Melt's menu includes gourmet grilled cheese sandwiches, fries, wings, soups, salads, and more.According to court documents, the rising cost of goods and labor, along with the"major shifts and changes in the service industry" have"hurt operations tremendously.

The filing says that Melt's liabilities are $1 million to $10 million, while the chain has about $500,000 to $1 million in assets. "​​Navigating the restaurant industry in the post-pandemic world with growing economic issues is becoming increasingly difficult… The world and the industry are rapidly changing around us," Matt Fish, Melt's founder, said in a statement shared withMelt isn't the only restaurant chain that has declared bankruptcy this month. At the beginning of June, Rubio's Coastal Grill, a fast-casual chain known for its fish tacos,.

Source: Entertainment Trends (entertainmenttrends.net)

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