IBJNews

Downtown Jillian’s restaurant owner files Chapter 11

Back to TopCommentsE-mailPrintBookmark and Share

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.
 

ADVERTISEMENT

  • 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.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

    2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

    3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

    4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

    5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

    ADVERTISEMENT