Razzoo’s now has 11 areas in Texas and North Carolina. | Photograph: Shutterstock
Razzoo’s Cajun Cafe has been acquired out of chapter by M Crowd Restaurant Group, a Dallas-based firm that owns the 23-unit Mi Cocina chain and different manufacturers.
M Crowd was named the stalking-horse bidder with an $18.8 million credit score bid forward of an public sale scheduled for Dec. 12. No different consumers got here ahead, in accordance with court docket paperwork, permitting M Crowd’s bid to undergo.
Addison, Texas-based Razzoo’s filed for Chapter 11 chapter in October with $9.7 million in secured debt and about $3.1 million in unsecured debt. It cited a troublesome economic system, inflation and competitors from nationwide manufacturers like Chili’s and Applebee’s.
Based in 1991 in Dallas, Razzoo’s is thought for its distinctive Cajun menu that includes issues like alligator, oysters and po’boys.
In a press launch, M Crowd stated it’s going to work on bettering Razzoo’s meals and repair, with an early concentrate on signature dishes such because the seafood combo platter and crawfish boils. It additionally plans to refresh the beverage program.
M Crowd additionally closed 9 Razzoo’s areas. On the time of the chapter submitting, Razzoo’s had 20 shops in Texas and North Carolina. M Crowd stated 11 will stay open, together with the lone North Carolina location. That leaves Razzoo’s with lower than half of the 24 areas it had previous to the submitting.
“Razzoo’s has been a part of the eating panorama for greater than 30 years, and we consider deeply in its roots and potential,” stated Edgar Guevara, CEO of M Crowd, in an announcement. “This can be a model constructed on enjoyable, taste and neighborhood. Our objective is to honor what company have all the time cherished whereas investing within the folks, meals, and experiences that make Razzoo’s particular.”
M Crowd was based in 1991 by Michael “Mico” Rodriguez, Ray and Dick Washburne, and Bob McNutt with the opening of the primary Mi Cocina location. Its portfolio additionally contains The Mercury, Sushi on the Mercury, Monkey Bar and Vaqueros Texas Bar-B-Que, all positioned in Texas.
The polished-casual Mi Cocina is the Tenth-largest Mexican casual-dining chain within the U.S., with complete gross sales of $91.6 million in 2024, in accordance with Technomic.
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