According to The-Sun.com, the iconic Friendly's ice cream franchise is permanently shutting down its coolers at its Binghamton location, on Harry L Drive in Johnson City, amid the company's other economic woes.
A Closer Look
Friendly's service in Binghamton will close on Sunday, September 24, sending shock waves to its customer base. As documented on the company's review page., one Friendly's lover wrote, "Shame this site is closing, the staff is great and the food is always what you expect from a Friendly's."
Another customer added, "I absolutely love eating at the JC Friendly's and was extremely sad to find out today that they are permanently closing their doors next week."
Friendly's has faced several financial challenges and filed for bankruptcy multiple times since its inception in 1935.
Friendly's finances have been particularly challenged since 2019 when it began closing at least 55 locations.
As documented at Business Insider, the franchise once had 850 locations in 15 states. By November 2020, a mere 138 Friendly spots remained open.
In 2011, the franchise initially noted the 2008 recession as its reason for filing, according to CNBC. The company's most recent Chapter 11 bankruptcy filing occurred in 2021, with FIC Restaurants CEO George Michel citing the pandemic's impact behind the decision.
“Unfortunately, like many restaurant businesses, our progress was suddenly interrupted by the catastrophic impact of COVID-19, which caused a decline in revenue as dine-in operations ceased for months and re-opened with limited capacity,” Michel said.
The closing of the Friendly's Ice Cream location in Binghamton is representative of the increasing economic challenges faced by various business operations of every sector around the country.