The Arby’s in Lake Wales that closed last month is one of many of the restaurant chain’s locations that are no longer in business.
Focus 10, the company that had been leasing the building at 612 SR 60 W., has filed for bankruptcy, according to Procacci Development, which owns the property
Vincent Godin, who handles acqusitions for the developer, said Procacci knew about the bankruptcy, but they were “a little bit surprised” at how sudden the eatery closed.
Godin said the developer has a number of ideas that are being explored for the building. He declined to go into specifics about them.
According to the Tampa Bay Business Journal, Focus Ten Arby’s franchisees filed petitions in 2010 in U.S. Bankruptcy Court, Middle District of Florida. Four companies that own 25 Arby’s in Florida, North Carolina and Virginia were seeking to reorganize under Chapter 11 of the U.S. Bankruptcy Code.
The company operated several stores in the Tampa Bay area as well as Lake Wales and Mulberry in Polk County and Avon Park in Highlands County. The Arby’s in Mulberry has also closed.