From Crains:The holidays will shower a little less love on Bimmy's, the Long Island City, Queens-based gourmet sandwich maker whose slogan is “Food made with love.” The wholesaler, which sells its sandwiches at airport cafes and in other locations, filed for Chapter 11 bankruptcy protection late last week, citing more than 50 creditors.
The 15-year-old business, which also has an outpost on Second Avenue in midtown, listed fewer than $50,000 in assets, along with liabilities totaling more than $500,000. In 2007, the sandwich maker had $10 million in revenue, though the recession has taken its toll. Thanks to a drop in sales at airports, where many of Bimmy's prepared foods are carried, the company has slashed employee headcount and tried to improve productivity over the last two years.
Neither Bimmy's founder, Elliott Fread, nor his attorney, were immediately available for comment.
Maybe it was all the campaign contributions.
