Amid an impending filing for Chapter 11 bankruptcy protection, Red Lobster has begun closing locations across the country, leaving many employees displaced without warning — and a slew of restaurant equipment up for auction.
Liquidation TageX brands are confirmed that restaurant equipment — including a live lobster tank, furniture, ovens, refrigerators, bars and more — for nearly 50 Red Lobster locations in 21 states is being auctioned online.
Connected: Red Lobster is reportedly considering filing for Chapter 11 bankruptcy
Interested customers can bid through the liquidator until Thursday. Those who win their respective lots must receive their items by the end of the day on Friday or their order will be forfeited without refund. Auctions are conducted in a winner-take-all style – customers can not bid on individual items, but many at once.
Any perishable goods or bottles of alcohol left in the restaurant are not included.
According to ABC Newsthe chain has closed at least 99 locations in 27 states.
As locations begin to close across the country, former employees have taken to social media to share deserted videos of their former restaurants, with some claiming they came to work their assigned shifts. only to find that their restaurants were out of business.
@alexushoydic So blind! #lobster #bankrupt #endless shrimp ♬ What am I made for? – Instrumental – Wheeler
@crumbbucket_ Thanks to my love @heathermarieburkes for letting me use these aftermath videos <33 #fypshi #lobster #connected #for you #stupid #xyzbca #stupid #nostalgia #nostalgic #closure #for you #Sad #bankrupt #viral #restorantindustria #restaurant ♬ Water Ambient (Slow + Reverb) – Scizzie & Speed Up Sounds & Slow + Reverb Sounds & Aesthetic Instrumental
@abandonedfl #lobster ♬ Beautiful piano but with scary horror style atmosphere – MoppySound
“I've never been a super big fan of red lobster, but I feel bad because it's always been around,” one viewer wrote sadly. “I hope they understand and come back.”
“I was a store manager who was EXPECTED not to close, they closed this morning with no warning,” lamented another.
Last month, Bloomberg reported that the fast casual chain was close to filing for Chapter 11 as the company sought to restructure its debt and free itself from unfavorable leases, citing anonymous sources close to the matter.
Although Red Lobster has gone through a series of acquisitions and owners, it is now owned by seafood supply company Thai Union, which completed its purchase of the chain in 2020.
Connected: Infinite Prawn Deal Is Very Popular, Red Lobster Loses $11 Million
Last November, Red Lobster ran an “Endless Shrimp” promotion that offered customers all the shrimp they could eat for just $20. However, the arrangement was so popular that ended up costing the chain is valued at $11 million.
Red Lobster can be expected to file for Chapter 11 as early as next week, according to Wall Street Journal.