1851

A number of Souplantation and Sweet Tomatoes locations will soon be closing. According to a <a href="http://nrn.com/finance/souplantation-sweet-tomatoes-owner-files-bankruptcy?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nations-restaurant-news-souplantation-sweet-tomatoes-owner-files-for-bankruptcy-6157" target="_blank" rel="nofollow" target="_blank">recent Nation&rsquo;s Restaurant News article</a>, the owner of both restaurants, Garden Fresh Restaurant Corp., filed for bankruptcy on Monday.

Sun Capital Partners Inc., who owns the San Diego-based company, reported between&nbsp;$1 million to $10 million in both assets and also liabilities. Garden Fresh will be closing around 20 to 30 restaurants that are currently underperforming. A majority of the company&rsquo;s 124 units are in the Southwest and on the West Coast.

&ldquo;By improving our capital structure through this restructuring, we&rsquo;ll be able to accelerate the changes underway to refresh our restaurants and build a strong future,&rdquo; says John Morberg, Garden Fresh CEO.

Since 2015, Garden Fresh has become the ninth restaurant operator to file for federal debt protection and follows a decline in same-store sales that has made a big impact on the restaurant industry in the last year.

Check out the <a href="http://nrn.com/finance/souplantation-sweet-tomatoes-owner-files-bankruptcy?utm_source=1851franchise.com&utm_medium=article&utm_campaign=nations-restaurant-news-souplantation-sweet-tomatoes-owner-files-for-bankruptcy-6157" target="_blank" rel="nofollow" target="_blank">full article here</a>.

Nation’s Restaurant News: Souplantation, Sweet Tomatoes Owner Files For Bankruptcy

1851 Franchise

Garden Fresh Restaurant Corp. joins the list of restaurant operators that have declared bankruptcy in the last year. 

nations-restaurant-news-souplantation-sweet-tomatoes-owner-files-for-bankruptcy

Caring Transitions

Caring Transitions: A Recession-Resistant Franchise Opportunity for Entrepreneurs

caring-transitions-a-recession-resistant-franchise-opportunity-for-entrepreneurs

Minuteman Press International

L-R: Bob Titus (CEO), Eric Shank (Catonsville, MD), Bob Heimbuch (RVP), and Nick Titus (President).

Minuteman Press Franchise Owner Eric Shank Recognized at World Expo

minuteman-press-franchise-owner-eric-shank-earns-standing-ovation-at-world-expo-for-growth-in-catonsville-md

Melting Pot

Melting Pot Expands Its Flavor Story With Seasonal Menus and Retail Line

seasonal-menu-retail-innovation

Griswold

How Griswold Honors Veterans Through Care, Employment Opportunities and Franchise Ownership

how-griswold-honors-veterans-through-care-employment-opportunities-and-franchise-ownership

Sola Salons

Photo of exterior of Sola Salons location with brick front and blue sign

Why This Former Silicon Valley Engineer Invested in Sola Salons

silicon-valley-engineer-franchisee

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Crunch Fitness Franchise - Sixth Street Minority Stake - CR Fitness - 1851 Franchise

Sixth Street Takes Minority Stake in CR Fitness, the Largest Crunch Fitness Franchisee

cr-fitness-crunch-fitness-sixth-street-investment

houses, Why Top Franchises of 2025 Outperform Independent Businesses

Why the Top Franchises of 2025 Outperform Independent Businesses

how-franchises-outperform-independent-business-2025-tech-data

Photo of Happinest Brands teams standing together in front of branded vehicles

Happinest Brands Continues Strong 2025 Trajectory With Major Q3 Growth and Strategic Wins

happinest-brands-q3-franchise-growth

Franchise Owners Step Up To Support Communities During Government Shutdown - 1851 Franchise

Franchise Owners Step Up To Support Communities During Government Shutdown

franchise-community-support-shutdown

Slim Chickens Opens R&D Center at World Headquarters To Drive Menu Innovation

slim-chickens-rd-center-fayetteville

Senior Entrepreneurship - Franchising - 1851 Franchise

Senior Entrepreneurship Is Rising — And Franchising Is a Key Outlet

senior-entrepreneurship-franchising-silver-startups

image of jerome hanway from right at home Las Cruces, New Mexico 1851 franchise franchisee spotlight

Jerome Hanway Is Building His Right at Home Franchise Around His Mission To Serve

Nation’s Restaurant News: Souplantation, Sweet Tomatoes Owner Files For Bankruptcy

MORE STORIES LIKE THIS