NEW ALBANY, Ohio – Restaurant chain Bob Evans Farms announced Monday that 27 locations will be closing, affecting more than 1,000 employees, according to a press release.
The move is being done in an effort to boost profits for the company, which currently has 548 locations in 18 states. The restaurants are primarily located in the Midwest, mid-
Atlantic and Southeast.
“Decisions to close restaurant locations are always difficult,” said President and CEO Saed Mohseni. “Performance at each of these locations, despite the loyalty of valued guests and the efforts of our dedicated employees, was not meeting expectations.”
Mohseni said the company has tried to relocate to employees to nearby restaurants “where possible,” and has offered severance benefits to the full-time and part-time workers who are losing their jobs.
Bob Evans has already closed 21 restaurants, all company-owned, between April 23 – 24. Six unnamed locations – all leased – are slated for closure in 2017.
The move is expected to generate $20 million by selling the owned properties and boost annual operating income by roughly $1 million. Bob Evans Farms expects to lose $7.5 to $8 million in expenses related to the closures, with the most of the losses coming in non-cash charges.
See the complete list of locations set to close:
4967 W. Irlo Bronson Memorial in Kissimmee, Florida;
895 Palm Bay Road in West Melbourne, Florida;
91 Byrd Way in Greenwood, Indiana;
6330 W. 71st St. in Indianapolis, Indiana;
111 B.S. Memorial Drive in New Castle, Indiana;
2011 Colby Taylor Dr. in Richmond, Kentucky;
3123 Kentucky Highway 54 in Owensboro, Kentucky:
2402 Brandermill Blvd in Gambrills, Maryland;
1700 South Center Road in Flint, Michigan;
8466 Gratiot Road in Saginaw, Michigan;
3607 Range Line Road in Joplin, Missouri;
156 Vantage Drive in Cape Girardeau, Missouri;
1680 NW Chipman Road in Lee’s Summit, Missouri;
2180 N. U.S. Hwy 67 in Florissant, Missouri;
1211 E. North Ave. in Belton, Missouri;
1929 Harshman Road in Riverside, Ohio;
3025 Gelndale Ave. in Toledo, Ohio;
303 North Pottstown Pike in Exton, Pennsylvania;
6541 Steubenville Pike in Pittsburgh, Pennsylvania;
8445 Highway 64 in Memphis, Tennessee; and
816 Millwood Ave. in Winchester, Virginia.
Story from Tribune Media.
