After slightly less than three months in a multi-million dollar Fort Worth space, Punch Bowl Social has closed its doors.
The closure comes 78 days into Punch Bowl Social’s tenure at 1100 Foch Street in Fort Worth, according to the Star-Telegram. Based in Denver, the Fort Worth location is one of two Punch Bowl Social outposts that have debuted in DFW over the past year. Star-Telegram reporter Bud Kennedy tweeted that the location cost $2.5 million to build out ahead of the “eatertainment” venue’s August 2019 debut.
In Fort Worth, the $2.5M @PunchBowlSocial location on Foch Street closed in 78 days, not a record but perhaps the worst ever loss per day. (The company changed hands and @crackerbarrel invested.) h/t @UrbanFortWorth https://t.co/8v9eSkwawr— Bud Kennedy / #ReadLocal (@EatsBeat) November 7, 2019
The second, located in Dallas’s Deep Ellum neighborhood, is apparently unaffected by the closure and will remain open. A representative for Punch Bowl Social tells Eater that it could soon be making a comeback in Fort Worth, too — the chain is currently scoping out new locations in the city. “Unfortunately, we didn’t believe we could be as successful as we wanted in that particular location,” Punch Bowl Social chief operating officer Peter Gaudreau said in a statement. “We very much believe in Fort Worth and know we can be as successful there as we are in Dallas and other markets. It is our hope to relocate to another part of the city in the near future.”