Tilford’s Wood Fired Pizza opened in Edgewater Public Market in 2019. (Courtesy Tilford’s Wood Fired Pizza)
The fires are out at Tilford’s Wood Fired Pizza.
The business, one of the original concepts in Edgewater Public Market, closed its doors and filed for Chapter 7 bankruptcy as Tilford’s Edgewater LLC on March 1.
Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtor’s assets. Tilford’s owes $605,939 to 14 creditors, according to court filings, and has assets worth $18,326.
Burton and his wife opened Tilford’s Wood Fired Pizza as a food truck in 2016 before opening a stall in the Edgewater retail and food hall in 2019.
In 2022, the couple expanded to Grange Hall (now Cherry Creek Food Hall) in Greenwood Village and Bluebird Market Hall in Silverthorne. A year later, they branched out of Colorado to open in a Baltimore food hall.
“The expansion into other food halls was a mistake,” Burton told BusinessDen in an email. “Edgewater is a fantastic food hall and had we not expanded it would still be open and successful.”
Burton said while the Edgewater Tilford’s did well, labor and food costs were high and business was slow at its other locations. Burton closed the Silverthorne location in 2023, and Greenwood Village in January.
In addition to those struggles, Burton said a pending lawsuit Arizona-based Retail Capital LLC filed against Tilford’s regarding “an expensive loan” he took out also led him to liquidate.
From January until it closed on March 1, the Edgewater location did $5,893 in revenue, according to the bankruptcy filings. In 2023, the business reported $467,227 in revenue, a slight increase from $420,843 in 2022.
“Closing Edgewater was a hard decision,” Burton said. “It had been a great store with wonderful customers, and we appreciated the support very much.”
The business listed its largest creditor as the U.S. Small Business Administration, owed $150,000 for a business loan. Its Edgewater landlord, an affiliate of Denver-based LCP Management, is owed $30,000 for rent.
The majority of the company’s assets are its inventory, including $500 worth of cardboard pizza boxes, $2,000 worth of food and $10,000 from its wood-fired oven and refrigeration systems.
Steven T. Mulligan with Coan, Payton & Payne is representing the company in bankruptcy proceedings.
Tilford’s Wood Fired Pizza opened in Edgewater Public Market in 2019. (Courtesy Tilford’s Wood Fired Pizza)
The fires are out at Tilford’s Wood Fired Pizza.
The business, one of the original concepts in Edgewater Public Market, closed its doors and filed for Chapter 7 bankruptcy as Tilford’s Edgewater LLC on March 1.
Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtor’s assets. Tilford’s owes $605,939 to 14 creditors, according to court filings, and has assets worth $18,326.
Burton and his wife opened Tilford’s Wood Fired Pizza as a food truck in 2016 before opening a stall in the Edgewater retail and food hall in 2019.
In 2022, the couple expanded to Grange Hall (now Cherry Creek Food Hall) in Greenwood Village and Bluebird Market Hall in Silverthorne. A year later, they branched out of Colorado to open in a Baltimore food hall.
“The expansion into other food halls was a mistake,” Burton told BusinessDen in an email. “Edgewater is a fantastic food hall and had we not expanded it would still be open and successful.”
Burton said while the Edgewater Tilford’s did well, labor and food costs were high and business was slow at its other locations. Burton closed the Silverthorne location in 2023, and Greenwood Village in January.
In addition to those struggles, Burton said a pending lawsuit Arizona-based Retail Capital LLC filed against Tilford’s regarding “an expensive loan” he took out also led him to liquidate.
From January until it closed on March 1, the Edgewater location did $5,893 in revenue, according to the bankruptcy filings. In 2023, the business reported $467,227 in revenue, a slight increase from $420,843 in 2022.
“Closing Edgewater was a hard decision,” Burton said. “It had been a great store with wonderful customers, and we appreciated the support very much.”
The business listed its largest creditor as the U.S. Small Business Administration, owed $150,000 for a business loan. Its Edgewater landlord, an affiliate of Denver-based LCP Management, is owed $30,000 for rent.
The majority of the company’s assets are its inventory, including $500 worth of cardboard pizza boxes, $2,000 worth of food and $10,000 from its wood-fired oven and refrigeration systems.
Steven T. Mulligan with Coan, Payton & Payne is representing the company in bankruptcy proceedings.
