Restaurant chain 801 Chophouse files for bankruptcy
FILE-A steak is on the plate, with a tomato, potato and onion. (Photo by: VW PICS/Universal Images Group via Getty Images)
The parent company of the steakhouse restaurant chain 801 Chophouse filed for Chapter 11 bankruptcy.
On April 10, 801 Restaurant Group filed for bankruptcy referencing a need to restructure debt. USA Today reported that if the parent company can refine its financial situation, then 801 Chophouse locations may not have to close.
801 Restaurant Group told USA Today that its monetary troubles are tied to the closure of two restaurant locations, 801 Fish in Denver and 801 On Nicollet in Minneapolis. 801 Chophouse is a chain of steakhouses that began in Des Moines, Iowa, according to its website. 801 Restaurant Group was established in 1993 and is a family-owned enterprise.
Moreover, the restaurant group has multiple locations, including in Omaha, Nebraska; Leawood, Kansas; Kansas City, Missouri; St. Louis, and Denver. They have also opened multiple 801 Fish and 801 Local locations.
How does the 801 Chophouse bankruptcy filing affect locations nationwide?
Dig deeper:
With the 801 Restaurant Group determining how to manage its debt amid the bankruptcy filing, the organization may consider closing restaurant locations.
USA Today reported that the restaurant locations will operate normally during the business restructuring based on U.S. bankruptcy law.
What they're saying:
In a statement provided to USA Today by the 801 Restaurant Group, the organization stated "The companies that own and operate the restaurants are not in bankruptcy and there are no plans or need for them to file bankruptcy. The individual restaurant companies operating successfully are not impacted by the 801 Restaurant Group's Chapter 11 filing."
The Source: Information for this story was provided by USA Today, which obtained a statement from the 801 Restaurant Group about the bankruptcy filing. This story was reported from Washington, D.C.