Punch Bowl Social restaurant chain files for bankruptcy protection

This story first ran on BusinessDen.com, a BizWest news partner.

DENVER — Punch Bowl Social, a Denver-based bowling, arcade and restaurant chain that before the pandemic had 20 locations and more than $100 million in annual revenue, filed for Chapter 11 bankruptcy protection on Monday in Delaware.

In preliminary filings, the company claimed debts and assets of between $10 million and $50 million each. The largest single creditor is JP Morgan Chase, owed $10 million on a PPP loan.

The other major creditors are landlords around the country, four of whom are owed more than $650,000 each. Punch Bowl also claims it owes…