Mex restaurant chain enters bankruptcy in San Antonio
The eaterie chain filed for bankruptcy today in San Antonio, The third time this year that places to eat managed by the same local company have sought refuge from creditors.
, an affiliate of Inc. Of hollywood Park, Manages Don Pablo chain of 16 diners. FMP also controls Zio Italian Kitchen, A 15 retailer chain that filed for bankruptcy last month, As well as the Buffets all you can eat buffet restaurant chains across the nation. Buffets, Which came into bankruptcy in March, Ran more than 300 cafes in 35 states under the names Ryan HomeTown Buffet,, spot Buffet, cheap youth nfl jerseys
Tahoe Joe Famous Steakhouse and Fire countryside.
As with the other bankruptcies, Attorneys for Don Pablo Mexican Kitchen blamed the casual dining healthy environment as the primary cause wholesale nfl jerseys
for the chain financial troubles, in order to a court papers. very competitive pressures from other so called fast casual Mexican restaurant chains, Including Moe south west Grill, Panchero asian Grill and, together with the expectations such chains as Applebee Chili and TGI Fridays, Also were specified.
expertise, Don Pablo has been unable to the decade long decline caused by prior management and ownership. An attorney for Don Pablo didn immediately respond to a request for comment.
Don Pablo was set up in Lubbock in 1985. contained in the late 1990s, It was the second largest full service Mexican restaurant chain in the country with as many as 120 locations, a legal court filing said. FMP, A private multiconcept developer and operator of independent small business chains, Has treated Don Pablo since 2014.
The chain has no San Antonio offices but operates parts in Fort Worth, Grand Prairie and northern Richland Hills, according to its website. It also has sites in Delaware, indiana, annapolis, mi, mn, new jersey, Ohio and virginia.
Don Pablo reported debts and assets in the range of $1 million to $10 million each. Also declaring bankruptcy was the operator of Hops Grill and Brewery, which one location. the spot wasn reported in the filing. There is a Hops that are operating in Colorado. Corp, Which often own Don Pablo also filed for bankruptcy in San Antonio.