Only one Bertucci’s restaurant remains in New Hampshire after two more restaurants in the state abruptly closed Monday. The closures of the Manchester and Salem locations come as the restaurant chain filed for Chapter 11 bankruptcy in federal court. In the filing, the chain’s parent company cited the impact of COVID-19 and inflation, saying both led to decreased sales and increased expenses. In fiscal 2021, the chain suffered an operating loss of $14 million and a net loss of $7.2 million. A Bertucci employee who wishes to remain anonymous said staff discovered the Mall of New Hampshire location was permanently closing during a meeting Monday morning. “I was quite surprised,” the employee said. “I didn’t think that’s what the meeting was going to be about. I was hoping it would be about how we were going to push the holidays forward.” According to the company’s store location listing, the restaurant on Amherst Street in Nashua is the only remaining location in the Granite State. It is still open daily at 11 a.m. Employees have been offered a severance package or a transfer to the Nashua location. of servers there already,” the clerk said. “So they won’t be able to keep the promise of a transfer.” Now, many are left looking for a new place to work.”It’s not the best business decision for Bertucci’s to close two locations just before the holidays,” the employee said.Apparently, six restaurants in Massachusetts also closed, according to a price comparison from the company Tuesday and earlier this year.According to the company’s website, there are still 31 Bertucci’s restaurants open nationwide, including 20 in Massachusetts, 1 in New Hampshire and locations in Connecticut, Delaware, Maryland , New Jersey, Pennsylvania, Rhode Island and Virginia. Bertucci was estimated to have between $10 million and $50 million in assets. No liabilities were listed.
Only one Bertucci’s restaurant remains in New Hampshire after two more restaurants in the state abruptly closed Monday.
The closures of the Manchester and Salem locations come as the restaurant chain filed for Chapter 11 bankruptcy in federal court.
In the filing, the chain’s parent company cited the impact of COVID-19 and inflation, saying both led to decreased sales and increased expenses. In fiscal 2021, the chain suffered an operating loss of $14 million and a net loss of $7.2 million.
A Bertucci employee who wishes to remain anonymous said staff discovered the Mall of New Hampshire location was permanently closing during a meeting Monday morning.
“I was quite surprised,” the employee said. “I didn’t think that’s what the meeting was going to be about. I was hoping it would be about how we were going to push the holidays forward.”
According to the company store location list, the restaurant on Amherst Street in Nashua is the only place left in the Granite State. It is still open every day at 11 am
The employees were offered a severance package or a transfer to the Nashua location.
“However, upon speaking to the management team, they were inundated with people from the Salem location, and they already have a boatload of servers there,” the employee said. “So they won’t be able to keep the promise of a transfer.”
Now, many are left looking for a new place to work.
“It’s not the best business decision for Bertucci’s to close two locations just before the holidays,” the employee said.
Six restaurants in Massachusetts have also apparently closed, according to a comparison of the company’s listing Tuesday and earlier this year.
According to the company’s website, there are 31 Bertucci’s restaurants still open nationwide, including 20 in Massachusetts, 1 in New Hampshire, and locations in Connecticut, Delaware, Maryland, New Jersey, Pennsylvania, Rhode Island, and Virginia.
In the filing, Bertucci was estimated to have between $10 million and $50 million in assets. No liabilities were listed.
