"We are deeply saddened to announce, despite every effort to make it work, that we will have to close our doors permanently," said the owners in a Facebook post.
Owners Paul, DeeAnne and Jamil said that they have made many memories with the customers and staff over the years.
"We have loved getting to know you, your families, friends and coworkers. We have witnessed the weddings of our customers and our staff, watched your children grow up," they said. "We have watched you graduate, move all over the country, find love and success in your lives. And so many of you have come back to say hello and let us know how you are doing."
Many UT students are very saddened about the news and have taken to Twitter to share the news.
Paul said he will be doing a live stream auction of Fricano's memorabilia soon.
"Send pictures, it’s going to be hard to not see your faces every week, some of you every day. We will really miss seeing our UT friends," they said. "We really hope that all of you are able to find some normalcy soon."
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