Red Hot World Buffet falls into administration as two sites close but one saved

The Leicester and Liverpool branches of Red Hot World Buffet closed yesterday following the restaurant chain’s collapse into administration, through insolvency firm, FRP Advisory.

The Leicester restaurant, which opened in June 2014 and created 70 jobs, had benefited from a £2m renovation.

Also in trouble is the Manchester branch which, at one time, was one of the highest-grossing in Manchester, taking an estimated £140k a week, but FRP is in discussions to save this site.

There are two other branches of Red Hot World Buffet – Cardiff and Leeds. A deal has been secured for the Cardiff restaurant, and discussions with interested parties are progressing in Leeds.

Red Hot World Buffet falls into administration as two sites close but one saved by Caterlyst | Caterlyst – https://www.caterlyst.com/

Caterlyst


Caterlyst

Author: Caterlyst

The CRM Foodservice sales people love track leads, close opportunities and get accurate forecasts. We are the leading all in one Data and Sales Management Platform for selling to Foodservice and Convenience Sectors. We combine high-quality foodservice and convenience data with a complete customer and prospect information system in one easy solution.