Indianapolis-based Scotty’s Holdings LLC has filed for Chapter 11 bankruptcy protection and plans to close four of its Scotty’s Brewhouse locations by the end of the year.
Restaurants in downtown Indianapolis, Carmel, Muncie and Waco, Texas, are slated for closure, Scotty’s Brewhouse Brand President Chris Martin told IBJ. The downtown restaurant opened in 2009 and the Carmel restaurant opened in 2014.
“After a thorough analysis of our corporately owned locations as well as a shift in the overall business strategy, the company made the difficult but necessary decision to close underperforming restaurants,” the company said in a written statement issued Wednesday afternoon.
The bankruptcy filings, made Tuesday evening in U.S. Bankruptcy Court in Indianapolis, involve not only Scotty’s Holdings but 12 other related entities. They include three Scotty’s Brewhouse locations in Indianapolis—3905 E. 96th St., 1 Virginia Ave. and Butler University—along with locations in Carmel, Muncie, Bloomington, West Lafayette, Mishawaka, Fort Wayne and in Waco, Texas.
Two other Indianapolis-based businesses also filed for Chapter 11 bankruptcy protection: Scotty’s Thr3e Wise Men Brewing Co., which has locations in Broad Ripple and Muncie; and A Pot & Pans Production LLC, which provides management services for all Scotty’s Brewhouse locations.
