Eegee’s declared Chapter 11 bankruptcy on Friday. | Photo: Shutterstock.
Eegee’s, a 53-year-old chain out of Tucson, Arizona, declared Chapter 11 bankruptcy on Friday after closing a handful of stores in the region.
The fast-food sandwich concept listed both assets and liabilities of between $10 million and $50 million and says that it has between 100 and 199 creditors.
Local reports said that the company had closed five locations this week, leaving the brand with 25 restaurants. All the chain’s restaurants are in Arizona and are company operated. The company generated $27.9 million in system sales last year, according to data from Restaurant Business sister company Technomic. That was down 4.8% from the year before.
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