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.


    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

    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

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
    Subscribe to IBJ
    1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

    2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

    3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

    4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

    5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.