According to Sue Stock in the business section of the News and Observer in the article, Strategy: smaller, subtler states that the BBQ & Ribs Co. in Raleigh is closing. Then in Taking Stock, she adds more detail, that the Chesapeake location is also closing and the Graham restaurant is being sold to an employee. After subsequent investigation, she reported that the Siler City location had closed in February.
The chain's web site is down as well.
This is not good news. BBQ Ribs & Co. is my favorite fast food barbecue chain, beating Smithfield hands down in restaurant decor and quality of food.
Update: As of 09/06/2007, the Graham location is still in business as BBQ & Ribs Co, with the same decent food.