Watch CBS News

Red Lobster is closing nearly 50 restaurants. Here's where they're located.

Red Lobster is closing at least 48 of its restaurants
Red Lobster is closing at least 48 of its restaurants 00:17

Red Lobster is closing nearly 50 of its restaurants across the country, according to a company that helps businesses liquidate restaurant equipment. 

Neal Sherman, CEO of TAGeX Brands, promoted a "Winner Takes All" liquidation sale of "fixtures, furniture and equipment" in a video posted Monday on LinkedIn that included a link for those who wished to bid. 

Red Lobster, which filed for bankruptcy in May, has consistently lost money for years. In an attempt to boost traffic at its restaurants, the company last year expanded its all-you-can-eat shrimp deal. Customers' appetites, however, ate into profits as demand overwhelmed what the chain could afford, resulting in financial losses.

While in bankruptcy, Red Lobster is hoping to negotiate new terms with landlords and creditors that could reduce its debt by hundreds of millions of dollars. Much of the chain's debt is rent owed to landlords on buildings that house their locations. 

Red Lobster also wants to shutter hundreds of other restaurants around the U.S. if a bankruptcy judge approves the company's restructuring plan, court documents show. Red Lobster said it would close the locations by not renewing the leases on the buildings if the company cannot renegotiate the rental terms. 

Red Lobster's owner, Thai Union, first invested in Red Lobster in 2016 and upped its stake in 2020. In January, the company announced plans to sell its minority stake. CEO Thiraphong Chansiri said the pandemic, higher interest rates, rising material and labor costs have all played a role in Red Lobster's poor financial performance. 

Red Lobster recorded a $19 million loss in the first nine months of last year, Thai Union said in a statement earlier this year. 

Red Lobster and Thai Union didn't immediately respond to a request for comment. 

As of Tuesday morning, auctions for 48 locations were still live after another four sales closed Monday, TAGeX Brands told The Associated Press via email.  

Red Lobster's roots date back to 1968, when the first restaurant opened in Lakeland, Florida, as a family-owned establishment under local restaurateur Bill Darden. In the decades following, the chain expanded rapidly. Red Lobster currently touts more than 700 locations worldwide.

Here are the 48 restaurants that Red Lobster has closed.

Alabama

  • 1805 Opelika Highway in Auburn
  • 2027 Beltline Road Southwest in Decatur

California

  • 1345 Dana Drive in Redding
  • 6440 Redwood Drive in Rohnert Park
  • 1400 Howe Avenue in Sacramento
  • 8330 Mira Mesa Boulevard in San Diego
  • 21233 Hawthorne Boulevard in Torrance

Colorado

  • 8268 East Northfield Boulevard in Denver
  • 810 South Wadsworth Boulevard in Lakewood
  • 9067 Westview Road in Lone Tree
  • 4455 Wadsworth Boulevard in Wheat Ridge

Florida

  • 340 West State Road 436 in Altamonte Springs
  • 6910 West Newberry Road in Gainesville
  • 1750 West 49th Street in Hialeah
  • 10500 East Ulmerton Road in Largo
  • 8003 Golden Sky Lane in Orlando

Georgia

  • 1956 West Broad Street in Athens
  • 1050 Holcomb Bridge Road in Roswell
  • 2105 Veterans Boulevard in Dublin

Idaho

  • 2115 Thain Grade in Lewiston

Illinois

  • 391 West Army Trail Road in Bloomingdale
  • 3217 Vermilion Street in Danville

Indiana

  • 1752 North Shadeland Avenue in Indianapolis
  • 3009 Brittany Court in Elkhart

Iowa

  • 3040 Dial Drive in Council Bluffs
  • 941 East San Marnan Drive in Waterloo

Maryland

  • 15700 Shady Grove Road in Gaithersburg
  • 9011 Snowden Square Drive in Columbia
  • 8533 Georgia Avenue in Silver Spring
  • 14368 Baltimore Avenue in Laurel

Michigan 

  • 4220 24th Avenue in Fort Gratiot

Mississippi

  • 3897 Promenade Parkway in D'Iberville

New York

  • 4010 Maple Road in Amherst
  • 1 Miron Lane in Kingston
  • 655 West Jefferson Road in Rochester

New Jersey

  • 303 NJ-10 in Ledgewood

North Dakota

  • 2675 32nd Avenue South in Grand Forks

Oklahoma

  • 3112 Northwest Cache Road in Lawton

South Carolina

  • 10000 Highway 17 North, Myrtle Beach

Texas

  • 104 Texas 332 in Lake Jackson
  • 3515 McCann Road in Longview
  • 7835 Interstate 35 South in San Antonio

Virginia

  • 119 Temple Lake Drive in Colonial Heights
  • 2100 Richmond Road in Williamsburg
  • 12580 Jefferson Avenue in Newport News

Washington State

  • 3208 Northwest Randall Way in Silverdale

Wisconsin

  • 2801 North Mayfair Road in Wauwatosa
  • 3333 State Road 16 in La Crosse

In recent court filings, the seafood chain revealed a list of additional locations it plans to close, reported CNN.  

—The Associated Press contributed to this report.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.