A Well-Known Seafood Restaurant In Michigan Is Considering Bankruptcy

A well-known seafood restaurant is having some financial troubles.

Because of this, restaurant fans are losing their minds about the potential that the restaurant chain will close.

Will the Michigan locations be affected?

What Well-Known Seafood Restuarant Is Considering Bankruptcy?

Unfortunately, you may have to say goodbye to Red Lobster soon.

Bloomberg shared that the beloved seafood restaurant chain is considering a Chapter 11 bankruptcy to restructure its massive debt.

Why is this happening?

When you go to Red Lobster, you think of their cheddar bay biscuits and the Endless Shrimp deal.

There is a chance that the deal's time is up.

While there are a lot of factors for the potential bankruptcy, Red Lobster's all-you-can-eat option took a toll on the company.

Restaurant Business shared that the $20 Ultimate Endless Shrimp deal cost the restaurant company $11 million in its third quarter alone!

With all of this, fans are curious about what will happen to the menu items. So, the internet has lot its mind!

Red Lobster Locations

Red Lobster Kentwood - 3920 28th St SE Near, Kentwood, MI 49512

Red Lobster Muskegon - 1681 E Sternberg Rd DRIVE, Muskegon, MI 49444

If the bankruptcy does happen, at this time, we have no idea how this will affect these West Michigan locations.