Rileys sports bar in Rugby closed yesterday after the company went into administration.
Deloitte closed the Bank Street bar along with 15 other outlets.
More than 100 jobs have been lost and a further 20 will be lost from the headquarters in Milton Keynes.
Riley specialises in snooker and pool, and also offers darts, bingo and screen sports.
Rob Harding, Deloitte partner and joint administrator, said: “Following our appointment it has been necessary for us to implement certain cuts immediately.
“We are now working to stabilise the business following our appointment whilst we consider our options for securing the best outcome for the Company’s creditors.
“The remaining sites continue to trade as normal and we appreciate the co-operation and support of the Company’s employees, landlords, customers and other key stakeholders.”
The administrators will continue to trade Rileys whilst they investigate options to secure the best outcome for all of the company’s creditors.