Posted 10/8/2012 12:00 am
Updated 7 months ago
If you’re a loyal Whispers reader, you might remember that Grampa’s Catfish House in Sherwood closed in September 2011, only to reopen last March.
The revival was short lived.
Matt Kaczor, owner of the Grampa’s location in Hot Springs, confirmed Thursday that Nate Townsend — who just last year owned two central Arkansas Grampa’s restaurants and had franchisees in Hot Springs and Warner Robins, Ga. — closed the decades-old Sherwood restaurant Sept. 28. This time, the closure appears permanent.
Townsend and his wife, Denise, saw their Sherwood restaurant building foreclosed on Sept. 28, the day they closed for business. That blow came after the Townsends’ company, Grampa’s Restaurants LLC, filed for Chapter 11 bankruptcy in March.
The original Grampa’s opened in North Little Rock in 1970 and later moved to Sherwood. Its food sales from its reopening in March through July were $80,584, according to city tax records. The restaurant failed to remit its August restaurant taxes.
In the March 23 bankruptcy filing, the Townsends listed $590,667 in liabilities and $1.31 million in assets. Of the assets, $1.3 million is listed as the value of the restaurant property at 100 Shadow Oaks Drive in Sherwood; $377,139 of that is owed by the Townsends.
The Townsends could not be reached for comment.
Kaczor’s restaurant now operates independently instead of as a franchisee, and it is all that remains of the Grampa’s concept in Arkansas. The restaurant’s food sales were $413,867 from January to September 2012, according to the city of Hot Springs.
The Grampa’s location in Georgia is either closed or headed that way as well, Kaczor said. The Georgia restaurant’s phone number was disconnected.
The Facebook site for the Grampa’s in Sherwood offers this explanation for its closing: “We’re sad to say after 42 years, We have closed our doors. The past couple of years dealing with the catfish shortage really hurt us.”