VIRGINIA BEACH, Va. — The Red Lobster on the 700 block of Independence Blvd in Virginia Beach is closing as the franchise attempts to pay off debt, according to Scripps National news.
This location is one of 23 additional locations closing across the U.S. and one of three closing in Virginia. The other two are in Richmond and Alexandria.
Watch: 2 Red Lobsters in Hampton Roads are temporarily closed
In May, Red Lobster announced it would go through the Chapter 11 process, which allows the one in debt to reorganize their finances, according to the IRS.
News 3 previously reported that in the same month, the franchise shut down two other Hampton Roads locations, one in Newport News and the other in Williamsburg.
In June, CNN announced a previous Virginia Beach location, on the 800 block of Lynnhaven Pkwy, and location in Chesapeake, were closing abruptly due to the franchise's bankruptcy.
Red Lobster has lost nearly $70 million in cash on hand and 30% of its customer count, according to Scripps National.
