Petro’s in Market Square closing due to increasing rent

KNOXVILLE, Tenn. (WVLT) – Petro’s Chili and Chips in Market Square will be closing for good at the end of the week.

A spokesperson for the restaurant said its doors will close for the final time on Nov. 14 at 3 p.m.

The closure is due to a 170% increase in rent and the company says it can’t afford to offset that increase while also investing in the Market Square location to make it profitable…

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