Kincaid’s restaurant closes in Oakland, leaving a void in Jack London Square

Kincaid’s Fish, Chop & Steakhouse located in Oakland's waterfront Jack London Square has closed after 33 years in business. Kincaid’s Fish, Chop & Steakhouse located in Oakland's waterfront Jack London Square has closed after 33 years in business. Photo: Photo By Lauren M. On Yelp Photo: Photo By Lauren M. On Yelp Image 1 of / 45 Caption Close Kincaid’s restaurant closes in Oakland, leaving a void in Jack London Square 1 / 45 Back to Gallery

Visitors heading to Jack London Square will have one less dining option following the abrupt closure of Kincaid's Fish, Chop & Steakhouse after 33 years in business.

The announcement was made over the weekend on a flier posted over the entrance that stated the permanent closure along with gratitude for its clients, the East Bay Times reported. Though little information was provided, the closure comes just months after Kincaid’s parent company Restaurants Unlimited filed for Chapter 11 bankruptcy in July.

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At the time of the filing, Restaurants Unlimited had searched for a new buyer without any luck and amassed rising debt in the process. The company blamed the rising cost of minimum wage in its core markets – Seattle, Portland and San Francisco – for the filing.

In July, San Francisco’s minimum wage rose to $15.59 per hour while Oakland’s minimum wage rose by 57 cents in January from $13.23 to $13.80 per hour. Restaurants Unlimited has more than $39 million in secured debt and another $7.6 million in unsecured debt to vendors, according to a report by Restaurant Business Online. Hospitality Landry's, Inc. recently acquired the company for $37 million late last month.

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In recent months, other Bay Area restaurants have closed. Most notably, it's included French bistro Plouf that closed after 23 years, Jayakarta in Berkeley, which was the East Bay’s only Indonesian restaurant, and Prolific Oven in Palo Alto that shuttered after the owners said that running a business in Silicon Valley had become “unsustainable.”

Despite the fate of Oakland’s Kincaid’s location, the Burlingame site will continue to operate.

SFGATE reached out to Restaurants Unlimited for comment but did not hear back at the time of publication.

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Susana Guerrero is an SFGATE digital reporter. Email: Susana.Guerrero@sfgate.com | Twitter: @SusyGuerrero3