Right on schedule, as Yoshi’s San Francisco was about to face the first payment due on the $7 million loan from the City of San Francisco that helped build the restaurant and nightclub in 2007, they’ve filed for Chapter 11. As SF Weekly reports, the restaurant’s owners insist they’re not in peril, and they just need to restructure their debt obligations, but as we’d heard in August, next year was bound to be a rough one no matter what. The club turned its first profit in 2010, but spent most of the last two years in the red, only turning a profit again this past summer, thanks to more R&B; and soul bookings in the music venue. It’s unclear to what extent the attached, high-end sushi restaurant is weighing on the bottom line, if at all. The original Oakland club, along with its younger S.F. sister, just celebrated its 40th anniversary this year. [SF Weekly, Earlier]
