WikiMedia Commons / Anthony22
Red Lobster is closing at least 99 locations across the U.S.
The winning bid? A cool $15,500, records show.
With financial woes mounting, the Orlando-based seafood chain shuttered more than 10% of its locations nationwide. The location at 7835 Interstate 35 South was among the several dozen handed over to liquidation firm TAGeX Brands to hold auctions of their gear.
The Southwest San Antonio store's inventory included big-ticket items such as high-performance ovens, upright refrigerators and freezers along with bar and dining room necessities.
After a starting bid of $5,000, the items eventually moved for $15,500. There were six bids in total, according to online records.
Earlier this year, 55-year-old Red Lobster's largest investor, Thai Union, announced it was looking to sell off its stake. The chain's finances were strained by its $20 all-you-can-eat-shrimp offer and a tough restaurant operating environment, CNN reports.
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