The parent company of 801 Chophouse seeks to restructure $18.7 million in debt.
801 Restaurant Group, the parent company of the upscale 801 Chophouse chain, has filed for Chapter 11 bankruptcy in April to restructure approximately $18.7 million in debt.
Despite the filing, company officials stress that all 801 Chophouse locations remain open. The bankruptcy applies only to the parent company, not the individual LLCs that operate restaurants.
The group runs 801 Chophouse restaurants in Des Moines, Omaha, Kansas City, St. Louis, Denver, Minneapolis, Leawood (Missouri), and Tysons Corner (Virginia). It also owns 801 Fish in St. Louis and 801 Local in Frontenac, Missouri.
Financial troubles stem largely from the closures of 801 Fish in downtown Denver and 801 On Nicollet (formerly 801 Fish) in Minneapolis. The Chapter 11 filing aims to restructure obligations tied to those closures and other liabilities.
“All 801 Chophouse locations are remaining operational and the individual LLCs are not filing bankruptcy,” CFO Chris Harris confirmed in a statement.
The filing comes amid a wave of restaurant bankruptcies. Bravo Brio Restaurants, parent of Bravo! Italian Kitchen and Brio Italian Grille, filed for Chapter 11 last August. Hooters also filed in March, announcing plans to keep restaurants open while shifting toward a more family-oriented approach.
For now, 801 Chophouse patrons can expect business as usual while the parent company works through its restructuring.