- Hollis Johnson
- A Dairy Queen franchisee with 70 locations is filing for bankruptcy. The company plans to close about 29 Dairy Queens in Texas, Oklahoma, and New Mexico. We have the list of the closures that have been announced.
About 29 Dairy Queen locations are shuttering, after a franchisee files for bankruptcy.
Vasari LLC, which operates about 70 Dairy Queen locations Texas, New Mexico, and Oklahoma, filed for Chapter 11 bankruptcy on Monday. In the filing, the company announced plans to close approximately 29 Dairy Queen locations.
- Dairy Queen
“As many of its restaurants are positioned in prime ‘oil country,’ the Debtor has struggled to survive the far-reaching effects of dramatic declines in oil prices,” the filing reads. “While waiting for oil-industry related jobs to return as oil prices begin to rebound, the Debtor also faced industry pressure from competing businesses.”
The bankruptcy filing further says that many stores were damaged in Hurricane Harvey, and that efforts to keep prices low had slashed profit margins.
As a result, the franchisee has already closed nine locations as of Monday and plans to close roughly 20 more.
Here’s the list of Dairy Queens that the franchisee has said are closing:
- 224 S. Dumas Ave., Dumas, TX 79029 977 East Austin Street, Giddings, TX 78942 1014 South Main Street, Perryton, TX 79070 1243 N. Main, Shamrock, TX 79079 1243 N. Main, Shamrock, TX 79079 1100 N. 4th Ave., Teague, TX 75860 7819 E Admiral Pl, Tulsa, OK 74115 298 West 1st, Claude, TX 79019 720 West Gary Blvd., Clinton, OK 73601 2000 S.Commercial Ave, Coleman, TX 76834 1612 N. Frazier St., Conroe, TX 77301 500 W. Broadway, Denver City, TX 79323 200 Main St., Gruver, TX 79039 211 North 1st Street, Haskell, TX 79521-5904 220 West Bender Blvd., Hobbs, NM 88240 217 South Main Street, Lockney, TX 79241 1107 North 7th Street, Merkel, TX 79536 9495 N Owasso Expy, Owasso, OK 74055 601 N. Broadway, Post, TX 79356 1010 Nacogdoches Highway, San Augustine, TX 75972 1005 Railroad, Seagraves, TX 78359 502 E. Texas Ave., Stratford, TX 79084 1010 Houston Street, Wellington, TX 79095