Yardbird Southern Table & Bar Files for Bankruptcy Protection
Florida-based restaurant chain Yardbird Southern Table & Bar has filed for bankruptcy protection as it seeks to sell its business amid financial strain caused by expansion costs, operational challenges, pandemic disruptions, and mounting debt. The company operates in several major U.S. cities and licensed locations internationally but plans to continue operations during the bankruptcy process while pursuing a going-concern sale. Yardbird faces approximately $24.8 million in funded debt and an estimated $24.2 million in unsecured claims, with key lenders including Brightwood Loan Services ($13.3M), City National Bank of Florida ($8.4M), and inKind (around $3.1M). The chain has closed several underperforming locations since 2025 due to liquidity issues and shifting consumer behavior. The company is marketing its business through Soravine Advisors, having engaged over 170 potential buyers but received only three nonbinding expressions of interest so far.
Topics: bankruptcy business operations restaurants