Tahoe Joe's

Tahoe Joe's is a chain steakhouse that currently has 10 locations in California.

Tahoe Joe's is owned by the parent company Buffets Inc, which filed for Chapter 11 bankruptcy on January 22, 2008. In the previous year, facing financial difficulties, Buffets Inc. wrote Tahoe Joe's off in order to focus on their buffet companies and put Tahoe Joe's up for sale. This has led to reports and speculation that Tahoe Joe's would be closing for good.

However, it should be noted that Buffets Inc. filed chapter 11 which is merely a reorganization of the company in order to produce a more cost-effective structure so the company can pay its debts. This bankruptcy has no effect on Tahoe Joe's as a business, as it is a separate financial entity and therefore not subject to Buffets Inc's debts.

Tahoe Joe's Sacramento store was closed in the first half of 2008, but no other stores will be closing. All locations currently (as of August 2008) have positive cash flow. Tahoe Joe's generates roughly $33,000,000 in sales annually.

As long as Tahoe Joe's generates a profit there is no reason for even a financially troubled parent company to close its locations.