Indianapolis-based Scotty’s Brewhouse is closing its doors for good. Our partners at WTHR-TV report the majority owner of Scotty’s and Thr3e Wise Men Brewing Co. ceased all operations over the weekend.
The restaurant filed for Chapter 11 bankruptcy in December and said at the time it had hoped to "emerge stronger and better position the Company for growth." A statement announcing the latest decision was posted to the door of Scotty’s Dawghouse on the campus of Butler University.
"This decision does not come lightly and is one of the hardest decisions to make," the company said in the statement posted Saturday. "When filing for Chapter 11 Bankruptcy in December of 2018, the Company had the ultimate plan to restructure and to come out stronger than ever. With the unfortunate and untimely series of events such as closings of stores, as well as loss of some of our managed locations, this seemed to have an unfortunate and unrecoverable effect on the operations and overall sales revenues that the Company was bringing in. The Company has been struggling for some time and unfortunately could not overcome the deficit that was ahead of them."
Several Scotty’s and Thr3e Wise Men locations have closed over the past several months, including the original location in Muncie, which opened in 1996.