El Torito, Chevys Fresh Mex and the company's other restaurants have struggled to keep up with rising costs in recent years, including increases to the minimum wage and commodity costs, while serving fewer customers. Last month, it closed nine restaurants, after closing dozens of locations in the past six years.Likewise, is El Torito going out of business?
Real Mex, the Cypress-based parent company of a trio of casual restaurants, has filed for Chapter 11 bankruptcy in order to sell off its assets. Diners at El Torito, Chevy's Fresh Mex, and Acapulco Restaurant y Cantina won't be affected by the transaction, the company said in a news release.
Secondly, why did Chevys close down? Chevys Fresh Mex in Rocklin has shut its doors. A sign at the Mexican restaurant at 6604 Lonetree Blvd. Earlier this month, The Mercury News reported that Cypress-based Real Mex, the parent company of Chevys, filed for Chapter 11 bankruptcy. Real Mex said its restaurants would continue to operate as usual.
Beside this, are El Torito restaurants closing?
At the end of 2015, Real Mex operated about 109 Chevys, Acapulco and El Torito restaurants. At the time of the August bankruptcy, the company had downsized to 78 restaurants. After years of closures, Sharpe said he has no plans to shutter more restaurants. In fact, the company is looking to grow.
Did all Chevys close?
14 more underperforming Chevys Fresh Mex restaurants, mostly in northern California, were closed on December 26, 2016. Among these were the Redding, Chico, South Lake Tahoe, Modesto, and Fresno locations in California.
Who owns Real Mex Restaurants?
The company is now owned by an investment group that includes Z Capital Partners. Real Mex Restaurants portfolio includes: El Torito, Acapulco Mexican Restaurant and Cantina, Chevy's Fresh Mex, El Torito Grill, El Paso Cantina, Who Song and Larry's and the Southern California landmark Las Brisas of Laguna Beach.Why did Bennigans go out of business?
In July 2008, all of Bennigan's 150 corporate locations across the US were closed due to parent company Metromedia Restaurant Group of Plano, Texas filing for Chapter 7 bankruptcy protection and initially the firm's 138 franchisee-owned locations remained open, but many later closed in the months and years after theWhat does Torito mean?
torito. to·ri·to Masculine - Noun - Singular Plural: toritos. Translate "torito" to English: young bull.Where was the first El Torito restaurant?
Cano, a fighter pilot in World War II, founded the first El Torito in 1954 in Encino. He grew the restaurant into a national brand that popularized Mexican restaurant staples such as fajitas, table-side guacamole, blended margaritas and Taco Tuesday.What happened to Torito?
El Torito owner files for its 2nd bankruptcy. Real Mex Restaurants, the owner of El Torito and Chevys Fresh Mex, filed for bankruptcy protection Monday after reaching an agreement over the weekend to sell itself to Z Capital Group for $47 million.Is Chevys a franchise?
About Chevys Fresh Mex Headquartered in Union City, Calif., Chevys Fresh Mex is owned by Real Mex Restaurants and operates 42 corporate and 18 franchised restaurants from coast to coast.Why did Acapulco in Moreno Valley close?
Moreno Valley Matters. A friend told me that the MoVal Acapulco closed down because of its parent company's bankruptcy. Acapulco's parent company filed for BK; Two Acapulcos still open.How much is the brunch at El Torito?
Hello K T, Our Sunday Brunch is $24.99 for adults and $9.99 for kids.How many Acapulco restaurants are there?
14 restaurants
Does Chevys do take out?
At Chuy's Restaurants, curbside takeout has been a mainstay since 2007, and consumers do not even have to get out of their cars to pick up their orders.