Despite immediate closings in other parts of the state, including Gastonia, the Ryanâ€™s on North Generals Boulevard in Lincolnton is remaining open.
Buffets, Inc., the nationâ€™s largest steak-buffet restaurant company and owner of Ryanâ€™s, announced last week that it will be shutting down 81 of its underperforming restaurants nationwide as a result of filing for bankruptcy.
As part of a Chapter 11 restructuring agreement, the company plans to eliminate outstanding debt and strengthen its portfolio, according to a press release sent out.
Those less-fortunate restaurants were closed immediately, including four in North Carolina, company spokeswoman Melissa Sheer told the Times-News.
The Gaston Gazette is reporting that the Ryanâ€™s Steakhouse in Gastonia was abruptly closed Thursday, taking even the employees by surprise.
The release noted that Buffets, Inc. is seeking more favorable lease arrangements with its landlords at other restaurant locations. Depending on the success of these negotiations, additional closures may result.
A manager at the Ryanâ€™s in Lincolnton told the Times-News Friday that he hadnâ€™t heard anything about that location being shut down.
Sheer said she was not sure whether there would be another wave of closings. Nonetheless, she added that any restaurants still open at this time were likely to remain that way.