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Downtown Jillian’s restaurant owner files Chapter 11

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Locally based FB&F Entertainment LLC, the operator of Jillian’s restaurant and entertainment venue in downtown Indianapolis, is reorganizing under the protection of Chapter 11 bankruptcy.

In its April 12 filing, the locally based company lists no assets and liabilities of nearly $2.2 million.

The local Jillian's opened in 1999 and was part of a rush of restaurants that arrived downtown following the opening of Circle Centre. The multi-story venue features a restaurant and sports bar on the ground floor and a pool hall, arcade and bowling alley on the upper floors. 

Its largest secured debt is a $1.4 million loan from the Schaumburg, Ill., office of First Colorado National Bank. Unsecured claims include $331,262—the value of its lease at 141 S. Meridian St.

Jillian’s lease is listed with SMC Retail LLC, which is registered in state corporation filings to Todd Maurer. Maurer co-owns Halakar Real Estate and is the son of Michael S. Maurer, who co-owns IBJ Media.

The business is operated by Craig Kastle and David Wallace, and is separate from 11 other Jillian’s restaurants operated by Greg Stevens in Louisville. The three have at least 25 years of experience in the food and beverage industry, according to the FB&F website.

The restaurant chain first encountered financial troubles in 2004, when the former Jillian’s Entertainment Holdings Inc., also in Louisville, filed for Chapter 11 bankruptcy.

Dallas-based Dave & Buster’s Inc. bought the nine largest units of Jillian’s for $27.5 million. Separately, Gemini Investors III, a Boston investment company, agreed to pay $10.9 million for 19 other Jillian’s, leaving what was then a 35-unit chain with seven remaining locations up for grabs.
 

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  • CLOSE THIS PLACE
    This place is nothing but an eye sore on the face of downtown Indy! The food is horrible, the games are as old as dirt, the staff is dirty and use foul language in front of customers, its overpriced, the place is just awful! HOPEFULLY someone with business sense will buy this for what its worth(about 5 bucks) and get this place fixed up. Dave and Busters PLEASE! Whoever is the General manager or owner needs to take a business class on how to run a operation cause they sure as heck don't know how to run a restaurant or bar.
  • Bands were terrible
    With HORRIBLE bands like The Bishops playing there no wonder!
  • food sucks
    We ate there before a Colts game last December. The food was really bad. I had planned to never go back.
  • Not really surprised...
    I visited Jillian's just a couple weeks ago with a group of friends to hang out and play games. The staff took 30 minutes to get us drinks in the game area, and the games are run down, including several air hockey tables with chunks of wood missing from their tops. Several games were out of order. Doubt I'd be making repairs if I was going to be filing for bankruptcy protection in the near future either.

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    1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

    2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

    3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

    4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

    5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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