>Owner of Charlie Brown’s steakhouses to sell Office Beer Bar & Grill chain for $4.7 million
Published: Friday, January 21, 2011, 8:04 PM
Leslie Kwoh/The Star-Ledger
MOUNTAINSIDE: The company that owns Charlie Brown’s steakhouse chain said today it is selling its seven Office Beer Bar & Grill restaurants for $4.7 million.
CB Holding said it received approval from the U.S. bankruptcy court in Delaware to sell all seven of its Office eateries to Villa Enterprises, the highest bidder in an auction earlier this month for the casual dining chain.
The locations are in Bridgewater, Cranford, Morristown, Montclair, Ridgewood, Summit and Westfield.
The sale comes after the Mountainside-based company abruptly shuttered nearly half of its Charlie Brown’s restaurants in November and filed for Chapter 11 bankruptcy. The next step is to unload the company’s remaining 32 Charlie Brown’s and Bugaboo Creek locations along the East Coast, said Michael Freitag, a spokesman for CB Holding.
https://www.nj.com/business/index.ssf/2011/01/owner_of_charlie_browns_steakh.html
