HomeTown Buffet’s parent company, Ovation Brands Inc, filed for Chapter 11 bankruptcy Monday morning. Reuters reports that this will be the second filing made by Ovation in the last four years, one made in 2008 and another in 2012.
Originally known as Buffets Inc, the company had a slew of buffet chains under its belt. This included Old Country Buffet, Fire Mountain, Tahoe Joe’s, Ryan’s and HomeTown Buffet.
The company currently operates about 328 restaurants in the US.
According to the documents filed in the US Bankruptcy Court for the Western District of Texas, up to $50 million in assets and $100 million in liabilities was listed by the chains.
If you’re looking to hit one of these restaurants up for nostalgia’s sake, better hurry.
Photo: HomeTown Buffet