Loveland restaurant franchise files for bankruptcy

LOVELAND — The Tom + Chee restaurant that opened in November 2018 didn’t quite make a year. Its owners, Percheron Partners LLC, have filed for Chapter 7 bankruptcy with the U.S. Bankruptcy Court in Denver. The action was filed Oct. 15.

Tom + Chee, a franchise restaurant that specialized in tomato soup and grilled-cheese sandwiches, was located at 1431 N. Denver Ave. in Loveland. It is owned by Percheron Partners LLC, which is jointly owned by Louise Munoz of Timnath, Ryan Neff of Fort Collins and Tyler Neff of Charlotte, North Carolina.

The filing lists personal-property assets of $33,350, mostly equipment and furnishings, and total liabilities of $48,806. Of the liabilities, $7,126.48 were secured and the remainder unsecured. Largest unsecured liabilities were bank loans at Wells Fargo.

SPONSORED CONTENT

The many benefits of simple, coordinated healthcare

Kaiser Permanente combines health care and coverage in one connected system to maximize employee health and minimize employer costs.

The restaurant had gross revenue of $98,191 in 2018 and $223,239 so far this year.

The restaurant is listed online as “permanently closed.” The Fort Collins location at 2909 E. Harmony Road is not affected.