The San Antonio outpost of Austin’s bigger-is-better doughnut shop Gourdough’s has filed for bankruptcy liquidation.
Gourdough’s Riverwalk LLC is sought Chapter 7 protection on May 6, according a filing with the U.S. Bankruptcy Court for the Western District of Texas in San Antonio.
Under Chapter 7 cases, owners typically sell off a business’ assets to pay their creditors. The San Antonio location had $50,000 or less in assets and between $1 million and $10 million in liabilities, according to documents.
The filing comes roughly a year after the River Walk location opened. The restaurant was originally set to launch last February but delayed for a month for unspecified reasons.
Gourdough’s original location has not filed for bankruptcy protection, according to an Austin Business Journal report.
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This article appears in May 6-19, 2020.
