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Ryan's restaurant on Bobby Jones to close

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The Augusta area is losing one of its four Ryan’s buffets.

A spokeswoman for Buffets Inc., which owns Ryan’s and HomeTown Buffet, said the restaurant on Bobby Jones Expressway is among the 81 underperforming restaurants that will immediately close.

Buffets Inc. filed for a pre-arranged bankruptcy Wednesday, its second bankruptcy in four years.

The Ryan’s locations on Knox Avenue in North Augusta, Whiskey Road in Aiken and Peach Orchard Road in Augusta remain open.

The restaurant operator expects to emerge from bankruptcy within six months.

Buffets, which operates 494 restaurants, said it will receive a $50 million bankruptcy loan, known as debtor-in-possession finance, to fund operations while in court protection.

Buffets said it reached an agreement with its senior lenders to recapitalize the company and eliminate almost all of its $245 million outstanding debt.

Riggs added that the company had reduced its debt to $240 million from about $940 million after its first bankruptcy filing.

The pre-packaged plan will see the company’s existing lenders receive 100 percent of its new common stock upon emergence from the bankruptcy process, Buffets said in a statement.

Buffets, which is controlled by Credit Suisse and a group of lenders, had first filed for bankruptcy protection in 2008 and emerged from it a year later.

The company’s latest restructuring agreement is similar to the one bankrupt restaurant chain operator Friendly Ice Cream Corp. reached with its creditors.

Reuters contributed to this report.

Comments (33) Add comment
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formerlawman1217
0
Points
formerlawman1217 01/20/12 - 05:36 pm
0
0
what about listing something

what about listing something in reference to the ones who work there at that location and if they still will have jobs at other locations or are they out of a job.

kmb413
533
Points
kmb413 01/20/12 - 05:53 pm
0
0
Unfortunately this was not a

Unfortunately this was not a suprise to me. I worked there when I was 16. Sad news, but it was coming.

itsanotherday1
43876
Points
itsanotherday1 01/20/12 - 06:27 pm
0
0
Maybe America is waking up

Maybe America is waking up and these "all you can stuff in your face" livestock troughs are falling out of favor. I say this as someone who is prone to stuffing my face, so I quit going to them a long time ago.

GeezeLouise
0
Points
GeezeLouise 01/20/12 - 07:00 pm
0
0
The place was going down hill
Unpublished

The place was going down hill for years

eb97
835
Points
eb97 01/20/12 - 07:02 pm
0
0
@itsanotheraday1, we stopped

@itsanotheraday1, we stopped going because it was always so nasty. You didn't want to use their restrooms and the tables, floors and counters were always dirty.

GeezeLouise
0
Points
GeezeLouise 01/20/12 - 07:18 pm
0
0
what will happen to the "Dan
Unpublished

what will happen to the "Dan Quayle VIP Table"? Will they move it and the plaque to another location?

Just My Opinion
5714
Points
Just My Opinion 01/20/12 - 08:22 pm
0
0
My family and I didn't like

My family and I didn't like the deal where you had to get your own utensils and napkins! I mean, I know it's a buffet and you have to serve yourself, but c'mon! About the ONLY things the waitresses did for the customer was to get their drink and bring us some rolls....note I didn't say they REFILLED the drinks, because they usually didn't. Every once in a while we'd get a good waitress who tried to serve us well. We really won't miss the place because we only ate there 2, maybe 3 times a year! (I guess we were part of the problem!)

Sargebaby
4693
Points
Sargebaby 01/20/12 - 08:33 pm
0
0
Stuffing, or part of a larger

Stuffing, or part of a larger problem, Ryan's was a fairly cheap place to eat. I've seen many people go there and sit in the same seat to eat three or four meals at once, and wonder how they can pack in that amount of food. Ryan's served a purpose for many looking to eat cheaply. That's why we went there, it was cheap and the food was good.
It will be missed.

happychimer
18030
Points
happychimer 01/20/12 - 09:19 pm
0
0
You don't have to stuff your

You don't have to stuff your face at a buffet. You have choices. You don't have to eat 3,4, or 5 plates of food. We like takeout at Ryans. I filled up my covered plate, and made 2 meals out of it.

happychimer
18030
Points
happychimer 01/20/12 - 09:22 pm
0
0
I especially like Ryan's

I especially like Ryan's salad bar.

Kirkwood
0
Points
Kirkwood 01/21/12 - 12:08 am
0
0
Not even close

Not even close Itsanotherday1, the Golden Corral further down on Bobby Jones is what put this location under and its a shame. I can't eat at Golden Corral without getting sick. Ryan's never bothered me.

Riverman1
84971
Points
Riverman1 01/21/12 - 12:53 am
0
0
Any buffet restaurant is okay

Any buffet restaurant is okay by me and I hate to see one close. People can go there and get what they want individually fast. There's a place for them.

Gamecocks5
16
Points
Gamecocks5 01/21/12 - 08:35 am
0
0
Ryan's is not a good

Ryan's is not a good restaurant and they'll all close soon enough. i just feel bad for the employees that'll be out of jobs

curly123053
4754
Points
curly123053 01/21/12 - 09:11 am
0
0
I have already cut way back

I have already cut way back on eating at buffet style restaurants anyways. I am surprised the health departments still allow them with all the diseases out there. You see people coughing, sneezing, picking their noses while walking along the buffet bars. I betcha some use the restroom without washing their hands and then hit the buffet bars too. This time of year is really bad with all the colds and flu infected people walking around coughing and sneezing into the foods.

Tell it like it is
35
Points
Tell it like it is 01/21/12 - 09:24 am
0
0
Hog troughs are out, try

Hog troughs are out, try getting a good meal and all the food you really need at
the Cracker Barrel.

countyman
20245
Points
countyman 01/21/12 - 09:36 am
0
0
Hmm.. The one in South

Hmm.. The one in South Augusta continues to carry on...

walrus4ever
354
Points
walrus4ever 01/21/12 - 09:39 am
0
0
Right up there with Dennys

Right up there with Dennys and most "awful waffles" for poor food, service and overall grunginess. Golden Corrals chocolate dippin fountain is the epitame of poor nutrition combined with customers being allowed to play with the food. I pass on it all.

allhans
23776
Points
allhans 01/21/12 - 09:51 am
0
0
My idea of a buffet is when a

My idea of a buffet is when a server behind a glass counter fills your plate with your choice of food. None of that "handling food" by the public for me.

david jennings
616
Points
david jennings 01/21/12 - 09:52 am
0
0
I say there is no place like

I say there is no place like home.

Cadence
219
Points
Cadence 01/21/12 - 10:40 am
0
0
I remember when it first came

I remember when it first came out, though, and the novelty of all that food. The mega-vega bar they called it. You could do some damage at that place. The problem always was I felt I had to get my money's worth and ended up eating until I could hardly walk.

RoadkiII
6630
Points
RoadkiII 01/21/12 - 11:14 am
0
0
Did nobody notice the 50

Did nobody notice the 50 million loan? To a company already in bankruptcy? Shades of Solyndra?

CoastalDawg
125
Points
CoastalDawg 01/21/12 - 11:27 am
0
0
"Did nobody notice the 50

"Did nobody notice the 50 million loan? To a company already in bankruptcy? Shades of Solyndra?" Hardly - Solyndra's loan came from TAX PAYER money via our POTUS recommendations over all the warning signs from many sources.

Onthebeach
0
Points
Onthebeach 01/21/12 - 11:34 am
0
0
Ryans was a decent deal when

Ryans was a decent deal when you went through a line and ordered a steak (size and type) you wanted with either fries, onion rings, or baked potato. I remember my dad's favorite meal at Ryans was the sirloin tips with peppers and onions. They also had small individual salads if you wanted one. However, once they converted to the mega bar and cut out the made to order steak meal, alot of people including my family dropped out and said goodbye. (It became a feeder lot!) The Ryans on Peach Orchard Road will follow the one on Bobby Jones shortly. What a shame!

GeezeLouise
0
Points
GeezeLouise 01/21/12 - 01:25 pm
0
0
well countyman, it sort of
Unpublished

well countyman, it sort of makes sense that the one in south Augusta thrives doesn't it?

RoadkiII
6630
Points
RoadkiII 01/21/12 - 01:37 pm
0
0
And when Buffets does go

And when Buffets does go under and is unable to repay the loan the bank(s) cry to the government... "Hey, we need another bail-out, it's not our fault the troubled asset we loaned money went bankrupt again".

bullet28
5
Points
bullet28 01/21/12 - 01:52 pm
0
0
I agree with allhans! I

I agree with allhans! I don't like the fact that all those hands are on the ladles and serving spoons. I never thought about how unsanitary a buffet is until I saw someone "taste something at the buffet before putting it on their plate". NO BUFFET for me! I would always order off the menu at Ryans but they no longer offer that option. I hate to say it, because there are some great waitresses at the Ryans in Thomson, but they need to close that location and let something else occupy that space.

kiwiinamerica
946
Points
kiwiinamerica 01/21/12 - 01:52 pm
0
0
Buffets are still very much
Unpublished

Buffets are still very much in. The Golden Corral on Bobby Jones and the Hibachi Grill on Augusta West Parkway are both absolutely packed to the rafters with coronary cases in waiting. They're killing themselves one mouthful at a time. Most of the people who frequent them have no business being there, due to both their exaggerated obesity and execrable table manners.

itsanotherday1
43876
Points
itsanotherday1 01/21/12 - 01:57 pm
0
0
Kirkwood: Not even close

Kirkwood: Not even close Itsanotherday1, the Golden Corral further down on Bobby Jones is what put this location under and its a shame. I can't eat at Golden Corral without getting sick. Ryan's never bothered me."

If this is THE infamous Kirkwood, I'm going to have to take a little poke at you.
Like me, the LAST place you should be eating at is a buffet!! ;)

Riverman1
84971
Points
Riverman1 01/21/12 - 02:10 pm
0
0
It's kind of like the

It's kind of like the argument about smoking in bars and restaurants. No one makes you go to a buffet. Why scream about how bad they are when you don't go there?

Personally, every now and then I would go to that Ryans. I try to eat pretty healthy these days and that was a plus for me. I could make my salads, get baked chicken with the right vegs. That convenience meant more to me than being able to overeat.

Heck, in the past before I started to eat healthier I'd drive through Krystal and get a bag of those things too. I was much better off going to Ryans.

itsanotherday1
43876
Points
itsanotherday1 01/21/12 - 02:15 pm
0
0
GeezeLouise knows how to

GeezeLouise knows how to insert the needle.....

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