|Photo - Food Network|
A February article on Business Report said that owner Barry Kalt was hoping that outside investors could help him open back up his restaurant. It appears that has not worked out yet. The article also stated that Barry prided himself on using the freshest ingredients possible and the expenses of running his restaurant outpaced his customers. Many of the comments on that article seem to think the owner's personality was the reason for the failure and that Restaurant Impossible didn't help.
This is the fourth restaurant from season eight (2014) of Restaurant Impossible to close, and the Restaurant Impossible Update page has been updated with this information.