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Cincinnati Restaurant Chain Declares Bankruptcy

Submitted by jhartgen@abi.org on

A Cincinnati-based restaurant chain with four Tri-State locations that's known for its burgers and craft beer has filed for bankruptcy protection in hopes of remaining open while it pays back creditors, the Cincinnati Business Courier reported. Flipdaddy's Brilliant Burgers & Craft Beer Bar, with locations in Newport, Mariemont, Symmes Township and Union, Ky., filed for chapter 11 bankruptcy on Dec. 6. According to its filing, the company owes more than $2.3 million to 19 creditors. Flipdaddy's was founded in Mariemont by Bob Dames in 2010 and opened a restaurant a year in each of the next three years. It opened a fifth location in Orange Beach, Ala., in 2017, which has since closed. Dames has since left the restaurant, opening Alto Pizza Kitchen in Covington in July. Tom Sacco took over as CEO of Flipdaddy's in March.