August 29, 2016 | 78° | Check Traffic

Top News

Hot Dog on a Stick owner files for bankruptcy

LOS ANGELES >> The owner of Hot Dog on a Stick has filed for bankruptcy protection.

HDOS Enterprises says its total debt ranges from $1 million to $10 million and it estimates assets between $10 million and $50 million.

The Los Angeles Times reports the Chapter 11 filing was made Monday in U.S. Bankruptcy Court in Los Angeles.

Chief Executive Dan Smith said in a statement that like many mall-based businesses, HDOS signed expensive leases during the booming mid-2000s and that declining mall foot traffic in recent years has negatively impacted many locations.

Smith said the company will operate as usual while it reorganizes.

The employee-owned company known for its colorful staff uniforms was founded in Santa Monica in 1946 and has about 93 locations, including the Windward Mall, Queen Kaahumanu Center on Maui and the Prince Kuhio Plaza in Hilo.

No comments
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.