» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 7 | NO. 28 | Saturday, July 5, 2014

Sharky's Closes Following Chapter 11

By Amos Maki

Print | Front Page | Email this story | Email reporter | Comments ()

Sharky’s Gulf Grill, an upscale seafood establishment in East Memphis, has closed its doors.

Sharky’s Gulf Grill, an upscale seafood establishment at 6201 Poplar Ave., has closed its doors. Sharky's filed for Chapter 11 bankruptcy in April.

(Daily News File Photo)

Sharky's Gulf Grill LLC, which opened in 2009 and filed for Chapter 11 bankruptcy in April, closed the restaurant in the 6,300-square-foot building at 6201 Poplar Ave. in East Memphis, which is prime commercial real estate space.

Sharky’s enjoyed a good run, at one point even landing respected local chef John Bragg to serve as executive chef.

But managing owner John Golon told the Memphis Business Journal that mismanagement and competition from new restaurants led to the establishment’s poor fortunes.

The MBJ reported that according to “multiple sources,” property owner Aaron Muschel has a contract to sell the property despite a U.S. Department of Justice lien.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.