801 Restaurant Group LLC, a Kansas-based operator of steak and seafood restaurants, has filed for Chapter 11 bankruptcy reorganization in U.S. Bankruptcy Court in Kansas, as confirmed by the company to Fox Business [1]. The group oversees several restaurant brands, including 801 Chophouse, 801 Fish, and 801 Local, with locations across Kansas, Missouri, Minnesota, Colorado, Virginia, Nebraska, and Iowa [1].
The bankruptcy filing comes after the closure of 801 Fish in downtown Denver and 801 On Nicollet in Minneapolis. According to a company press release, the restructuring was necessitated by guarantees made to other companies it owns, including the recently closed locations [1]. The court documents reveal that 801 Restaurant Group has liabilities totaling approximately $18.7 million [1].
Importantly, the company emphasized that the individual restaurant companies operating under its brands are not part of the bankruptcy filing and there are no plans for them to file. The group stated, "The individual restaurant companies operating successfully are not impacted by the 801 Restaurant Group's Chapter 11 filing" [1]. The remaining restaurants, including 801 Chophouse locations in Denver, Des Moines, Omaha, Kansas City, Leawood, St. Louis, Minneapolis, and Tysons Corner, as well as 801 Fish in St. Louis, will continue to operate normally during the restructuring process [1].
The company clarified that the purpose of the Chapter 11 filing is to restructure obligations for which 801 Restaurant Group has liability, and the filing is not expected to affect the ongoing operations of its remaining locations [1]. The Des Moines restaurant, which opened in 1993, was the original 801 Chophouse location [1].
CONCLUSION
801 Restaurant Group's Chapter 11 bankruptcy filing is aimed at restructuring $18.7 million in liabilities, primarily related to closed locations in Denver and Minneapolis. The company asserts that its remaining restaurants will continue normal operations and are not impacted by the bankruptcy process.