Bob Evans Farms, Inc. announced Monday that 27 Bob Evans Restaurants will be closing. As of April 24, 2015, it owned and operated 567 Bob Evans Restaurants in 19 states, primarily in the Midwest, mid-Atlantic, and Southeast regions of the United States.
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He said that employees impacted by the closures have been offered positions at nearby restaurants where possible, while severance payments have been offered to full- and part-time workers where relocation isn’t possible.
The Richmond location 2011 Colby Taylor Drive closed over the weekend while other locations aren’t expected to close until the 2017 fiscal year.
“Decisions to close restaurant locations are always hard”, CEO Saed Mohseni said in a statement.
In a release to investors, a Bob Evans spokesperson wrote the company expects to make about $20 million from the sales of 21 of its owned locations. More than 500 Bob Evans are still in operation.
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The sale of the owned locations is expected to boost the company’s annual operating income by approximately $1 million. Mr. Sandell wants the company to separate its packaged-foods unit from its restaurant-chain business.
