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	<title>Unhappy Franchisee &#187; The Grape</title>
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		<title>The Grape Franchisor Ushers into Bankruptcy Court</title>
		<link>http://www.unhappyfranchisee.com/the-grape-franchisor-ushers-into-bankruptcy-court/</link>
		<comments>http://www.unhappyfranchisee.com/the-grape-franchisor-ushers-into-bankruptcy-court/#comments</comments>
		<pubDate>Sun, 09 Nov 2008 12:55:56 +0000</pubDate>
		<dc:creator>ADMIN</dc:creator>
				<category><![CDATA[ALL POSTS]]></category>
		<category><![CDATA[The Grape]]></category>
		<category><![CDATA[Wine Store Franchises]]></category>
		<category><![CDATA[bankrupt]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[chapter 11]]></category>
		<category><![CDATA[COLUMNS]]></category>
		<category><![CDATA[franchise]]></category>
		<category><![CDATA[franchising]]></category>
		<category><![CDATA[sean kelly]]></category>
		<category><![CDATA[usher]]></category>
		<category><![CDATA[wine]]></category>
		<category><![CDATA[Wine bar]]></category>
		<category><![CDATA[wine store]]></category>

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		<description><![CDATA[According to the Atlanta Journal Constitution, the franchisor of the The Grape wine bar chain has filed for Chapter 11 bankruptcy protection. The chain has five Atlanta locations and nearly a dozen in other states. The Grape has more than $2 million in outstanding debts, according to a bankruptcy filing. Two of its executives are [...]]]></description>
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<p>According to the Atlanta Journal Constitution, the franchisor of the The Grape wine bar chain has filed for Chapter 11 bankruptcy protection.</p>
<p>The chain has five Atlanta locations and nearly a dozen in other states.</p>
<blockquote><p>The Grape has more than $2 million in outstanding debts, according to a bankruptcy filing. Two of its executives are owed more than $140,000 in back pay.</p>
<p>The company is asking for a federal bankruptcy judge in Atlanta to approve debtor financing while the company reorganizes.</p>
<p>A spokesperson for the chain couldn’t immediately be reached Thursday night.</p>
<p>The chain was founded by Jack Mazur in Vinings. Michael Coles, former CEO of Caribou Coffee, is a member of the advisory board.</p>
<p>The star Usher made headlines when he opened a franchise of the Grape in Inman Park. His restaurant is not part of the bankruptcy petition.</p></blockquote>
<p>The Grape’s is not a low franchise investment, costing between $943,000 to $1.4 million to open a Grape franchise.</p>
<p>Will these franchisees get the support they paid for now that the franchisor is struggling to survive?</p>
<p><strong>WHAT DO YOU THINK?  SHARE A COMMENT BELOW.</strong></p>
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