Concord-Based Round Table Pizza Files For Bankruptcy

CONCORD (AP) — The Bay Area company that promises to serve “The Last Honest Pizza” is filing for bankruptcy.

Round Table Pizza Inc. filed for Chapter 11 bankruptcy on Wednesday, but executives insist that it won’t affect the pizza chain’s 483 restaurants for now.

The company listed debts ranging from $10 million to $50 million. In court documents, the Concord-based company blamed its financial troubles on an expansion it launched just before the recession hit.

Executives say they will try to get concessions on rental rates from owners of its restaurant properties.

Round Table owns 128 restaurants and has 355 franchises in Alaska, Arizona, California, Hawaii, Nevada, Oregon and Washington.

Vice President Jim Robertson said some company-owned restaurants could close, and some employees could be laid off.

(© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


One Comment

  1. Sam Mallory says:

    Ya high RTP here is some advice….stop charging $30 for a $20 pizza and you will be fine….also higher better employee’s that get paid more then min wage and can do what 3 people do….$16 an hour is better then paying 2 people $10 an hour and that employee will be the best.

  2. Kelsey says:

    but what am i gonna do without my guinevere’s delight????????????????

  3. john smith says:

    that’s funny….they real good pizza.

  4. Mike Hill says:

    The last time I ate at RTP, there was a big delay in getting my order to me. Something about their automatic can opener was broken. They had no way of getting out the canned dough, canned sauce, canned tomatoes, canned olives, canned pepperoni, canned cheese, etc etc etc.

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