P.O. Box 550 2B Clarksburg Road, Buckhannon, WV 26201 • Ph: 304-472-2800 • Fax: 304-472-0537
E-EDITION LAST UPDATED:
Current E-Edition

Top Stories Sports Obituaries Classifieds Community Home 

Obamacare cause of restaurant closure?

Posted: Thursday, Nov 15th, 2012




BUCKHANNON — Only two C.J. Maggie’s restaurants remain after the Fairmont location closed Sunday due to lack of profit and looming federal health insurance mandates, according to owner C.J. Rylands.

“I’ve been weighing all this for months,” Rylands said. “The election did it for me.”

Under the Affordable Care Act, companies with more than 50 full-time employees must provide health insurance or pay $2,000 per employee beyond the company’s first 30 workers.

“It’s not getting repealed now,” Rylands said of the legislation. “We’re sure of that. The mandate’s coming.”

He continued, “If we’re not profitable now, then you can forget about being profitable later.”

The chain of restaurants previously had locations in Buckhannon, Elkins, Morgantown, Fairmont and Ashland, Ky.

Today only the Buckhannon and Elkins restaurants are in operation.



For the complete article see the 11-14-2012 issue.

Click here to purchase an electronic version of the 11-14-2012 paper.









Select Page:
Within:
Keyword:

Google

Entertainment







 

Copyright 2014 News Media Corporation

News    Classifieds    Shoppe    Search    ContactUs    TalkBack    Subscribe    Information    E-Edition    Business Portal