Bamboo Sushi, with location in San Ramon, declares Chapter 11 bankruptcy

Here’s hoping they come back with the House on Fire Mackerel. And the black sesame brownie.

Sustainable Restaurant Holdings, the parent company for seafood chains Bamboo Sushi and Quickfish, filed for Chapter 11 bankruptcy on Tuesday in order to weather the pandemic, according to Restaurant Business Online.

In March, the Portland-based company known for its sustainable seafood practices stopped dine-in service at all of its 10 locations, including its newest at San Ramon’s City Center Bishop Ranch. With take-out available at only three locations in Portland, the company was also forced to lay off 90 percent of its employees.

In a statement, the company blamed the coronavirus lockdown for limiting its ability to generate revenue or get financing to make it through the crisis. The company has also launched a sale process, according to Business Insider.

“Our goal is to emerge from this process as quickly as possible with a strengthened balance sheet and the necessary capital to rehire our furloughed employees and resume operations at our restaurants whenever it is safe to do so,” interim CEO Matthew Park said in the statement.

Bamboo Sushi, which opened in San Ramon in December, was known for its casually modern vibe, super-fresh, Seafood Watch-approved fish and nigiri topped with clever yakumi, or minimal toppings meant to complement the flavor of each fish.

Sustainable Restaurant Holdings was founded in 2008 with the launch of Bamboo Sushi, billed as the world’s first sustainable sushi chain. Eight years later, it added quick-service poke chain QuickFish. Last year, the company expanded to California with the opening of the San Ramon location and big plans to build two more Bay Area restaurants, including a waterfront Bamboo Sushi on San Francisco’s Embarcadero. Check back for updates on that.

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Author: Jessica Yadegaran

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