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Report: Friendly's May File for Bankruptcy

Restaurant chain has locations in Sayville and other nearby towns.

The Friendly's restaurant chain may be filing for bankruptcy and sell itself at auction, the Wall Street Journal reported on Thursday.

Friendly Ice Cream Corp. employs 10,000 people and operates more than 500 restaurants across the country including locations at

According to the Wall Street Journal, Friendly's currently carries more than $250 million in debt and is in talks with Wells Fargo & Co.

Representatives from Friendly's did not comment.

SayvilleMike October 11, 2011 at 12:07 PM
It would be a shame to lose a family friendly place like Friendly's...not just on our main street but everywhere. Not sure how the rest of the locations are doing...but Sayville is packed all the time! If it goes...someone should open a similiar idea in the same location. However...one suggestion...Make Better Food!
Alycia Broderick October 11, 2011 at 12:57 PM
Friendly's in Sayville isn't going anywhere! The corporation did file for bankruptcy protection but they aren't closing any locations on Long Island, many of which are franchises.

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