Salt Restaurant Files for Bankruptcy [Updated with Comment from Salt]

Salt opened in April 2011 to rave reviews, including from Riverfront Times, which named it 2011's "Best New Restaurant". In February, founding chef and co-owner Wes Johnson appeared on NBC's Today, and Salt was a semifinalist for the James Beard Foundation's "Best New Restaurant" award.

Johnson left Salt and its ownership group in May. In August, the restaurant's landlord, Ta Daa LLC, sued to evict Salt, stating that American Larder's failure to pay $51,025.97 in rent and late fees as grounds for terminating the lease. Salt had subsequently paid up, but Ta Daa proceeded with thesuit. A hearing on the case was scheduled for this morning but has been postponed.

More as we learn it. In the meantime, here is the petition for Chapter 11 bankruptcy protection that American Larder (Salt) filed:

Salt Bankruptcy Petition

Location Info

Salt - CLOSED

4356 Lindell Blvd., St. Louis, MO

Category: Restaurant


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7 comments
brettalex2
brettalex2

Food is absolutely great, I loved to go there when I was in town on business.  Such a disappointment to discover that it's being run by calculated criminals! Management knew what they were doing from day one and believe it or not I'm quite sure they were prepared for this.  There personal assets will be left intact....Guarantee it!!  LLC!!!  They were prepared for this and they already have a team of attorneys ready and absolutely able to keep anyone from going to prison.  The bankruptcy they are facing is all in the plan.  Here is some other related info I found useful:   http://yourcredit.co.nf/?page_id=117

jealousblues1
jealousblues1 topcommenter

always wanted to go there but never could find the time since we had the baby

linerd744
linerd744

Sounds like they could have had it all, but clearly managed TERRIBLY. So sad bc the food is awesome, and they won;t stay open with this mess.

 

Brian Boyd
Brian Boyd

And an LLC to boot. I'll bet the owners boat, summer house, and vehicles are all doing well, safe and sound.

Brian Boyd
Brian Boyd

Another one of those businesses "driving the economy! "

Michael Mahler
Michael Mahler

How do you chalk up $75,000 in withholding taxes in a year and a half? How many people do they employ???? I've certainly fallen behind with my bills... but it sounds like they've never paid their taxes or rent from day one! Someone's goin' to jail.

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