Costa Rica: Another Fast Food Closure

The restaurant chain Bagelmen's has closed seven stores which had been operating in the country for fourteen years, in addition to the recent closure of Wendy's, which closed its doors in early January.

Monday, January 26, 2015

Bagelmen's is the second large fast food chain which has closed its operations in the country this year. The closure of seven premises located in San Pedro, Lindora, Rohrmoser, Sabanilla, Heredia, Escazú and Guinoes, was announced by the owners of the company on January 24, without providing further details.

Nacion.com reports that "... At the moment, the owners of the firm, Malcolm Matheson and Isabel Schaer, have not provided statements about the closure." "... The firm, besides having its premises, also sold its products to supermarkets and hotels such as the Marriott, Four Seasons and Intercontinental. "

For its part, the director of the National Franchise Center , Karol Fallas, added "... The company reported, in August last year, 110 employees in seven establishments. "



More on this topic

Fast Food Chain in Costa Rica Closes

October 2015

Burger King Costa Rica has announced the closure of 29 restaurants operating in the country, after a decision was taken by shareholders and the franchisor BKC US.

Since February the franchise has closed four of its stores in the metropolitan area, citing a lack of financial viability.

Guatemala: Changes in "Fast Food" Market

August 2015

The chain of fast food restaurants Quiznos, operating since 2004 with twelve outlets, has closed its operations.

The union of restaurants in Guatemala confirmed the closure of the chain of US origin, which in March 2014 began the process of acceding to Chapter 11 bankruptcy.

More Fast Food Closures in Costa Rica

March 2015

Representatives from the international franchise Burger King in the country have announced the closure of four outlets, due to "bad business results".

The outlets which will cease operations are located in the Paseo Metropoli shopping center, Plaza Real Cariari, Santo Domingo and Heredia .

Costa Rica: Fast Food Franchises Closing Operations

January 2015

Citing unprofitability the investment group owner of the US franchise Wendy's has announced the closure of its operations in the country.

From a statement issued by Comidas Rápidas Wentica S.A. (Wendy's Costa Rica):

Comidas Rápidas Wentica S.A., operator of the restaurant chain Wendy's Costa Rica, under the principle of responsibly to shareholders, has decided to close its 10 stores in the country permanently, citing reduced the chain's profitability, due to the fact that Costa Rica is the third country in the world in terms of the number of restaurants per square kilometer.

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