Private equity screws up everything: Red Lobster, PF Chang’s, Ardurra, Pond and Co, PBK Architects, Shari’s, AECOM, Safebuilt. These companies have screwed over current and potential employees.
The employees are zero-skill workers who think they deserve a six-figure salary for carrying your plate a few feet to your table. I couldn't care less about them.
The food and the service is good... but their customers can't afford to go out as often as they did in the past. No problem with pie deliveries to the Shari's in Milwaukie OR.
They should have Apply for a ppp loan for help Use it for the youth to have jobs help them show them Some kids would love to have a job working in a restaurant instead of a fast food restaurant. More skills in the restaurant business
@@Delisa-k6j oh they did. They got over $10 million (10mil for each entity. Shari's, Coco's, Carrows) Funny how "payroll loans" never made it to the employee payroll.
Babylon is here and it’s looking about the same as it did in the past! Degeneracy, debauchery, thieves etc… All by plan. Divide, conquer and restart! Its blatantly obvious
Troutdale Sharis closes on Friday, October 4th. They gave the remaining employees notice on saturday or sunday. I was an employee at that location for 4 1/2 years, up until about a month ago, when they told us not to believe everything we seen on the news! I can't believe how bad they ran that corporation and how shitty they were to us employees. I jumped the sinking ship in the nick of time, and I never made a better decision in my life. I'm now at a small family owned restaurant that's been around for over 30 years, and people genuinely love patronizing. It's truly night and day from my experience at Sharis. If the news stations really wanted some juice, come find us employees that stayed loyal through all their faults. So much shady business has been going on in those restaurants, in all 3 states, for a very, very long time. I wonder the amount of old folks that came down will illness after eating at a sharis establishment. The health department was constantly being called by employees themselves due to refrigeration always being down and food NEVER temping out.
Seems they are doing the right thing, these businesses can not keep going with increasing employee costs and logistics, the business models been used isn't sustainable.
100%. They used to be called Corporate Raiders but tried to put lipstick on the pig by calling themselves Venture Capitalists. When Romney claimed Bain Capital (the VV firm he was at) was good for companies and the economy and people and the country I wanted to spit my drink out at that utter BS!!!
@@analienfromouterspaceIt sure as heck is not a case of "it must be done". VC like any predators, goes after weak prey. Weak prey never get better for being caught, they die. Shari's may not be able to fix their business model but VC takeovers will guarantee it dies. They will load it with high percentage rate debt to pay off the corporate raiders' lower percentage rate debt, sell off real estate outright or break the company into two with one having the real estate (owned by the VC extortionists) while making the rump business now pay rent to them, while charging themselves extortionate "management fees" and locking the rump company into long term "management consulting" deals that a new owner must buy then these creeps out, thus incurring yet more debt. If anyone is interested in this topic, Gretchen Morgenstern writes about it all and there is a very compelling book called "Glass House" that tracks how VC killed Anchor Hocking glass and thus the Ohio town where it was located. We even give these extortionists tax breaks! Shame on us for allowing this!
The Hillsboro Shari's location just closed Permanently with staff relocated or let go. This was a very nice building that had a good amount of traffic. Add another to the list of closing locations.
Last two times my wife and I went to Shari's they didn't have pie. They are a pie shop how do they not have Pies? Imagine McDonald's not having hamburgers.
agreed, and no biscuits for biscuits and gravy. Sharis was my grandparents favorite place to take us grandkids. those memory's aren't enough to overcome the decline in the restaurants quality over the years.
I feel for the employees that had little to no notice of the closures, though I am sure they had a feeling it was coming. Still, people need to feed their families and it sucks being practically shoved out the door due to the greed and mismanagement of the whole chain by the management copany.
Their food was bad *before* the pandemic. I remember in its heyday, Shari’s was a terrific place to get food. At most, you’d spend $15, and that was for a steak and shrimp dinner with a glass of wine. Sure, it never achieved michelin star quality, but it was a great casual haunt back in the late 1970’s through the 1990’s.
We had a Shari's here in Laramie WY. a few years back. It closed and became OTB kind of operation. It was pretty much the only 24-hr eatery in town before it closed , which is sad with Laramie being a college town.
Shari’s restaurants are very dated, and honestly those that I’ve been to often seemed dirty. I personally made the decision to stop going there a couple of years ago.
I think this is terrible, 153,008.31 missing? All because they couldn't pay their bills. This is one reason why I do believe you're going to start seeing more of these family style restaurants going out of business because of this nonsense it's not supposed to happen. Around here in Washington state the only one that's going to be left is Denny's restaurant which may not survive either! But don't worry, there will be a family style restaurant opening up soon which will replace Shari's restaurants!
That's the Garden Home Shari's. I used to go there regularly. But the last time I went, I couldn't get what I ordered - they said they've discontinued that item. Same thing for the one on Murray and Allen in Beaverton. Plus, they were rude and insulting about it. That was sometime before May, 24, and I haven't been back since.
We saw evidence of their troubles this summer when their A/C was out. We were looking forward to a meal there. The inside has been needing an upgrade for 20 years too but we still enjoyed it. 😢
Around 2016 our Shari's fired all their long term staff and hired all new. I'm sure it was so they could pay lower wages. The quality of food and service suffered greatly! The food and service improved, but it was never like the good old days!!!
Quality went down, prices went up, menu is stale, restaurants haven't remodeled or changed with the times. Basically seemed like they've been trying to fail for 10+ years.
That Shari's in Sacramento got an eviction notice for failing to pay rents according to an article online. For now, they're still in operation. Unfortunately, they may end up closing at some point.
Wenrtto Sharis Beaverton once 2 years ago, torn seats, dirty, never again. But the food truck industry seems to be thriving....though I am not keen to wait in a rainy parking lot for a street taco.
Sadly, they seem to have jacked up the prices of everything and split up what used to be integrated meals (breakfast) into separate things to nickel and dime people. Like you could not longer get a choice of french toast or pancakes with a breakfast "meal," french toast was basically made its own separate item or an up-charge, likewise they'd charge extra for sausage, rather than just having it be one of the choices with the meal (bacon or sausage), like any normal diner. No idea why they screwed around with their menu so much and made things so difficult / expensive. I pretty much stopped going. Like, for the prices they're charging (nickel-and-diming $15-$20 + tip out of you for what should be like a $10 integrated diner breakfast), I could pretty much just make my own at home for 1/2 - 1/4 of the price.
everyone commenting looks very unhealthy. had a friend work there as a manager of the Milwaukee store. That one has gone waaaaaaayyyyyyy downhill. bad service, mediocre food.
I suspected they are struggling as in winter the dining rooms are so unheated you have to wear a jacket and you food gets cold within minutes, not cool, cold.
You're all spending the money as fast as you're getting it. This is why it's leaving you with nothing to pay the rent. Or are the ways you guys have chose luxury houses? You have chosen nice looking cars and clothing, but did you think about the cost of everything and using the money to accordingly to the value, open your hearts and think about what you need to do to come out with the less money. Stop looking at the taxpayers to bail you out.
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Debt finance, for most debt can be refinanced and payable on certain date, but the accumulation is due to many factors, including negative cash flow, the company is spending too much cash than receiving, cost of good sold and etc. Debt is not always bad, but the ability to pay up is. Another thing to consider is debt to asset ratio, very important which measures the company ability to pay their debt vs. their assets! higher percentages, bad sign!
Worked for them for 21 years serving. They had bad management lazy people hired the worst of the worst servers. Ran their good servers off… u get what u put out there and unfortunately they put trashy managers out there…
What business would let someone run up a $100000 and then cry and complain over and say. And well, we just get working for free. Because we trust you now we have to lay off people who does that😂
We noticed them going bad in 2014 when my uncle & mother stopped in Hillsboro to have coffee & a pie for desert. They both became sick & I did not because I did not eat or drink anything!
They had nice interiors, but their booths felt cramped. Understaffed and food took too long. Hoping some billionaire buys the brand and revives it. Denny’s could buy them and bring them back too!
This is what happens when you give zero-skill workers $15.95 an hour. It's too late for Shari's, but restaurants need to get rid of all of these entitled no-skill waitrons and replace them with robots and automation. Nobody deserves $15.95 an hour to carry your plate a few feet from the kitchen to your table. Restaurants are closing because minimum wages are too high. It's not 1950 anymore. If your want a "living wage" you have to have skills to compete with a global workforce, and you have to do something more important than just handing someone their food order in a brain-dead stupor.
This is post- pandemic. $15/hr today is the equivalent of $7.50 5 years ago. You're saying nobody deserves $7.50 to carry a plate. You don't deserve to eat.
Private equity screws up everything: Red Lobster, PF Chang’s, Ardurra, Pond and Co, PBK Architects, Shari’s, AECOM, Safebuilt. These companies have screwed over current and potential employees.
The employees are zero-skill workers who think they deserve a six-figure salary for carrying your plate a few feet to your table. I couldn't care less about them.
@@CatWhiskeringbroadcasting to the internet how fucking stupid you are, pathetic.
Bad sign when the financial wizards thinks more video lotto and not better food and better service is the way to save a restaurant
The food and the service is good... but their customers can't afford to go out as often as they did in the past. No problem with pie deliveries to the Shari's in Milwaukie OR.
They should have Apply for a ppp loan for help Use it for the youth to have jobs help them show them Some kids would love to have a job working in a restaurant instead of a fast food restaurant.
More skills in the restaurant business
@@Delisa-k6j oh they did. They got over $10 million (10mil for each entity. Shari's, Coco's, Carrows)
Funny how "payroll loans" never made it to the employee payroll.
Babylon is here and it’s looking about the same as it did in the past! Degeneracy, debauchery, thieves etc…
All by plan. Divide, conquer and restart!
Its blatantly obvious
they closed all shari's today in oregon
Troutdale Sharis closes on Friday, October 4th. They gave the remaining employees notice on saturday or sunday. I was an employee at that location for 4 1/2 years, up until about a month ago, when they told us not to believe everything we seen on the news! I can't believe how bad they ran that corporation and how shitty they were to us employees. I jumped the sinking ship in the nick of time, and I never made a better decision in my life. I'm now at a small family owned restaurant that's been around for over 30 years, and people genuinely love patronizing. It's truly night and day from my experience at Sharis. If the news stations really wanted some juice, come find us employees that stayed loyal through all their faults. So much shady business has been going on in those restaurants, in all 3 states, for a very, very long time. I wonder the amount of old folks that came down will illness after eating at a sharis establishment. The health department was constantly being called by employees themselves due to refrigeration always being down and food NEVER temping out.
Private Equity never makes anything better. It only exists to extracts as much money as possible from their victims.
Pretty much... Stripping out whatever value, and leaving a debt-ridden corpse that goes bankrupt.
Seems they are doing the right thing, these businesses can not keep going with increasing employee costs and logistics, the business models been used isn't sustainable.
@@MGmirkin It must be done, these chains business model no longer economically viable
100%. They used to be called Corporate Raiders but tried to put lipstick on the pig by calling themselves Venture Capitalists. When Romney claimed Bain Capital (the VV firm he was at) was good for companies and the economy and people and the country I wanted to spit my drink out at that utter BS!!!
@@analienfromouterspaceIt sure as heck is not a case of "it must be done". VC like any predators, goes after weak prey. Weak prey never get better for being caught, they die. Shari's may not be able to fix their business model but VC takeovers will guarantee it dies. They will load it with high percentage rate debt to pay off the corporate raiders' lower percentage rate debt, sell off real estate outright or break the company into two with one having the real estate (owned by the VC extortionists) while making the rump business now pay rent to them, while charging themselves extortionate "management fees" and locking the rump company into long term "management consulting" deals that a new owner must buy then these creeps out, thus incurring yet more debt. If anyone is interested in this topic, Gretchen Morgenstern writes about it all and there is a very compelling book called "Glass House" that tracks how VC killed Anchor Hocking glass and thus the Ohio town where it was located. We even give these extortionists tax breaks! Shame on us for allowing this!
The Hillsboro Shari's location just closed Permanently with staff relocated or let go. This was a very nice building that had a good amount of traffic. Add another to the list of closing locations.
Last two times my wife and I went to Shari's they didn't have pie. They are a pie shop how do they not have Pies? Imagine McDonald's not having hamburgers.
i work at a sheris and it's bc they just aren't getting our shipments in
@@tivicantsleep seconded on this one, just lost food distributor at my location, once we run out of our current stock of pies it's over
agreed, and no biscuits for biscuits and gravy. Sharis was my grandparents favorite place to take us grandkids. those memory's aren't enough to overcome the decline in the restaurants quality over the years.
McDonald’s is offering $5 meal deal in order to survive.
if corp building is empty and closed .. it seems they are going under and about to close all together
I feel for the employees that had little to no notice of the closures, though I am sure they had a feeling it was coming. Still, people need to feed their families and it sucks being practically shoved out the door due to the greed and mismanagement of the whole chain by the management copany.
Their food was bad *before* the pandemic. I remember in its heyday, Shari’s was a terrific place to get food. At most, you’d spend $15, and that was for a steak and shrimp dinner with a glass of wine. Sure, it never achieved michelin star quality, but it was a great casual haunt back in the late 1970’s through the 1990’s.
I recently went to The Dalles location. It was very strange to see a video lottery in a Sharis.
The Shari's in Idaho next door all just recently closed. Hmmmmmm?
$25 for two pancakes, two eggs, and two strips of bacon. I have no idea why they’d be in such financial distress. 🙄
Maybe they overcharged you? We went recently and I had that b’fast and it was around half that price.
Shari’s is the Kmart of restaurants. Mediocre at best.
Instead of the blue plate special you receive the blue light special.
@@briancottrell1583I have one of those blue lights. When they closed by me I found one attached to a cart behind the building.
That says something when the corporate office totally empty
Farewell Sharis.
Sharis is an iconic Oregon franchise and is now gone 😢
They have been down hill since Covid. After the lockdown, I went back to way higher prices and lower quality food.
We use to go there quite a bit. They kicked us out for not wearing masks during Covid. I’ll never go back there. This is what they get 😂
We had a Shari's here in Laramie WY. a few years back.
It closed and became OTB kind of operation.
It was pretty much the only 24-hr eatery in town before it closed , which is sad with Laramie being a college town.
In walla walla Washington went down and was gone fast now the building is getting remodeled and it’s becoming a Denny’s in walla walla Washington
Shari’s restaurants are very dated, and honestly those that I’ve been to often seemed dirty. I personally made the decision to stop going there a couple of years ago.
I think this is terrible, 153,008.31 missing? All because they couldn't pay their bills. This is one reason why I do believe you're going to start seeing more of these family style restaurants going out of business because of this nonsense it's not supposed to happen. Around here in Washington state the only one that's going to be left is Denny's restaurant which may not survive either! But don't worry, there will be a family style restaurant opening up soon which will replace Shari's restaurants!
That's the Garden Home Shari's. I used to go there regularly. But the last time I went, I couldn't get what I ordered - they said they've discontinued that item. Same thing for the one on Murray and Allen in Beaverton. Plus, they were rude and insulting about it. That was sometime before May, 24, and I haven't been back since.
stop giving free pies then if you can't afford the ad payments lol
We went to Shari's recently and they had no pies, ZERO. They said their shipment didn't come in.
😮😭
Which location were you at?
@@catherineleslie-faye4302 by the airport
@@charlesritter6640 PDX or some other airport?
@@catherineleslie-faye4302 PDX
I worked for Shari’s in the late 70’s and early 80’s, great restaurant chain until Ron sold.
We saw evidence of their troubles this summer when their A/C was out. We were looking forward to a meal there. The inside has been needing an upgrade for 20 years too but we still enjoyed it. 😢
$22k a month rent? That’s seems high?
Why would you let a $100000 bill rack up for advertisement? Just go by word of mouth and start making the food better
Bought by a private equity form last year. That's always the kiss of death.
Around 2016 our Shari's fired all their long term staff and hired all new. I'm sure it was so they could pay lower wages. The quality of food and service suffered greatly! The food and service improved, but it was never like the good old days!!!
Quality went down, prices went up, menu is stale, restaurants haven't remodeled or changed with the times.
Basically seemed like they've been trying to fail for 10+ years.
@@doneaton6704 🎯
I hope the Shari's here in Sacramento doesn't close. I noticed they eliminated their loyalty program and downsized their menu.
That Shari's in Sacramento got an eviction notice for failing to pay rents according to an article online. For now, they're still in operation. Unfortunately, they may end up closing at some point.
That location is not doing well either. Won't be surprised if they randomly shut down one day
I hope it survives. It's been such a staple for family outings!!! Best place to get pies too!!! ❤
Wenrtto Sharis Beaverton once 2 years ago, torn seats, dirty, never again. But the food truck industry seems to be thriving....though I am not keen to wait in a rainy parking lot for a street taco.
I'm pretty sure the Garden Home location (in this video) just closed....
One of the few locations the news crew feels safe to film and technically is Portland.
The same clientales as Danny's. Shocking.
We used to go to Shari's in Everett Washington.
They always had good pie and ice cream, it closed over 20 years ago at least.
Bankruptcy...??
Sadly, they seem to have jacked up the prices of everything and split up what used to be integrated meals (breakfast) into separate things to nickel and dime people. Like you could not longer get a choice of french toast or pancakes with a breakfast "meal," french toast was basically made its own separate item or an up-charge, likewise they'd charge extra for sausage, rather than just having it be one of the choices with the meal (bacon or sausage), like any normal diner.
No idea why they screwed around with their menu so much and made things so difficult / expensive. I pretty much stopped going. Like, for the prices they're charging (nickel-and-diming $15-$20 + tip out of you for what should be like a $10 integrated diner breakfast), I could pretty much just make my own at home for 1/2 - 1/4 of the price.
That's Bidenomics!
The bacon or sausage still is an option with meals, no additional cost.
Shut em down…..
The Lebanon Oregon restaurant has been cited and closed because of health violations. 😮
everyone commenting looks very unhealthy. had a friend work there as a manager of the Milwaukee store. That one has gone waaaaaaayyyyyyy downhill. bad service, mediocre food.
I ordered a Turkey dinner I got Oscar Meyer’s sliced turkey. Denny’s is better.
Sad
As Poison once sang, "Taste so good make a grown man cry Sweet Shari's pies!"
That was Warrant 🤣
@@msdosnt 🙃 must have been stoned when I posted, lol
I suspected they are struggling as in winter the dining rooms are so unheated you have to wear a jacket and you food gets cold within minutes, not cool, cold.
They used to be fairly good, Now the only good thing is coffee and pie! What a shame.
You're all spending the money as fast as you're getting it. This is why it's leaving you with nothing to pay the rent. Or are the ways you guys have chose luxury houses? You have chosen nice looking cars and clothing, but did you think about the cost of everything and using the money to accordingly to the value, open your hearts and think about what you need to do to come out with the less money. Stop looking at the taxpayers to bail you out.
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me just one of the things copy tradee can do.
Do you invest with a professional broker?
I'd appreciate it if you show me how to go about it.
All I do is simple I just activate my account to copy trades from Rutherford and that's all
Who do you copy from and how can I reach him to copy too??
He’s mostly on telegrams using this user name
“Award winning pies”😂
When you refuse to modernize and charge outrageous prices for sub-par food. $21 for a pie? If only they would hire someone like me.
How are they allowed to stay in business, when they owe so much?
Debt finance, for most debt can be refinanced and payable on certain date, but the accumulation is due to many factors, including negative cash flow, the company is spending too much cash than receiving, cost of good sold and etc.
Debt is not always bad, but the ability to pay up is. Another thing to consider is debt to asset ratio, very important which measures the company ability to pay their debt vs. their assets! higher percentages, bad sign!
@@sassyd7286good question.
Management is running into the ground.
Bidenomics is.
Can’t stand when companies do this, pay your bills or lock the doors.
Another victim of private equity
Sell Sharis to a tribal outfit and put tight slots in them, make millions from the gambling addicts.
so you're just going to be racist, got it
That place suck thank God there are closing
They kicked us out for not wearing masks. I’ll never go back there. This is what they get 😂
Seems like they only exist because of the lottery? Hm.
What are you even talking about??
@@MGmirkin I see more video lottery players than actual customers coming in for food.
@@j2csharp that is because of the downturn in the economy... folks can't go out to eat if the don't have their bills paid.
Worked for them for 21 years serving. They had bad management lazy people hired the worst of the worst servers. Ran their good servers off… u get what u put out there and unfortunately they put trashy managers out there…
Buildings outdated old
Oh no, not Shari's. They were a God's send during the early days of the pandemic. 😮💨
Not going to make it.
What business would let someone run up a $100000 and then cry and complain over and say. And well, we just get working for free. Because we trust you now we have to lay off people who does that😂
Yeah it's the Economy. You know that thing that drives Business. That thing KGW NEVER Reports. KGW💯💩💩💩💩💩💩💩
Lousy food. Might have been good or maybe lousy cooks
Surprize! the owners walked away from the business.
Sheri’s hasn’t been decent in over a decade. Overpriced, unhealthy and outdated.
We noticed them going bad in 2014 when my uncle & mother stopped in Hillsboro to have coffee & a pie for desert. They both became sick & I did not because I did not eat or drink anything!
They had nice interiors, but their booths felt cramped. Understaffed and food took too long. Hoping some billionaire buys the brand and revives it. Denny’s could buy them and bring them back too!
Well, thats the end of that.
Went to sharis the other day wasn't good ordered apple shake it was warm and liquidity good reminder not to go to sharis.
I
Vulture funds
#mcdonalds Shari restaurants bills paid in exchange for mcflurry machine placements? #lettuceentertainyou #oregon
I live in Lewiston. This morning I'm going to go to Shari's and order a hamburger so that my government won't take that money away from them. NOT.
what
@@methus57 there's a lot of twists and turns series isn't there. It's better than breaking bad.
@@william_mac series? what?
Davis Mary Gonzalez Kevin Lewis Margaret
We were told that raising the minimum wage would help everyone. We were told the cat tax wouldn't have any negative effects. It's all just so sad.
Stop talking out the side of your face... Ignoramus.
That CAT is now listed as an invoice item on parts I purchase for my farm tractors!
@@frederickbooth7970 Sales tax. But the people voted for it!
Lol
This is what happens when you give zero-skill workers $15.95 an hour. It's too late for Shari's, but restaurants need to get rid of all of these entitled no-skill waitrons and replace them with robots and automation. Nobody deserves $15.95 an hour to carry your plate a few feet from the kitchen to your table. Restaurants are closing because minimum wages are too high. It's not 1950 anymore. If your want a "living wage" you have to have skills to compete with a global workforce, and you have to do something more important than just handing someone their food order in a brain-dead stupor.
This is post- pandemic. $15/hr today is the equivalent of $7.50 5 years ago.
You're saying nobody deserves $7.50 to carry a plate.
You don't deserve to eat.
The economy is booming, and Shari’s is making a fortune due to price gouging, just ask Kamalalalalala
Found the racist
You don't have a damn clue what you're talking about... Stop talking nonsense out the side of your face.
Shari's sucked when Trump was president too. Shari's just sucks
Voting blue removes the berry.
The fuck are you even talking about? Stop smoking the crack.
Wilson Kenneth Young Ruth Miller Richard
Who doesn’t in Democrat Hell?
thank the lockdowns