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Big Law

Upscale Restaurant Chain Goes Bust, Blaming Minimum Wage

Restaurants Unlimited declared bankruptcy Sunday and closed six units, as the Seattle-based casual-dining operator faced dwindling cash reserves after struggling for three years to find a buyer amid heavy debt costs.

The company in legal filings largely blamed rising minimum wages in many of its biggest markets, along with costs from two restaurant openings that didn’t work out as well as planned.

Restaurants Unlimited was founded in 1968 and currently operates 35 locations in several brands including Kincaid’s and Palomino. It was sold to private-equity firm Sun Capital in 2007.

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