Why did Acapulco restaurant close?

An Acapulco in Los Angeles closed Monday as part of 6 closures by Real Mex Restaurants of Cypress. The restaurants were selected for variety of reasons that included “natural lease explorations, cost of deferred maintenance, fiscal performance, or unfavorable lease terms,” the company told the Register in a statement.

Click to read full answer. Also asked, why are Acapulco restaurants closing?

An Acapulco in Los Angeles closed Monday as part of 6 closures by Real Mex Restaurants of Cypress. The restaurants were selected for variety of reasons that included “natural lease explorations, cost of deferred maintenance, fiscal performance, or unfavorable lease terms,” the company told the Register in a statement.

Additionally, did Chevys restaurant go out of business? Chevys, Acapulco Restaurant y Cantina, and El Torito’s parent company filed for chapter 11 on Tuesday. Though the company is in the midst of filing for bankruptcy, the company says the aforementioned restaurants will remain open during the company’s acquisition.

Also asked, why did Chevys go out of business?

Restaurant operator RM Holdco LLC, operator of the Chevys Fresh Mex, El Torito and Acapulco Mexican Restaurant casual dining chains, filed for bankruptcy protection on Sunday and said it plans to sell itself in the face of debt, rising costs and competition from “fast-casual” restaurants.

What happened to Chevys Fresh Mex?

U.S. Chevys Fresh Mex is an American chain of Mexican-style casual dining restaurants located in the United States. The chain was owned by Real Mex Restaurants, Inc. until its August 7, 2018 bankruptcy and acquisition by Z Capital and Tennenbaum Capital Partners.

Who owns Chevys Fresh Mex?

Real Mex Restaurants

What happened to Chevys restaurant?

U.S. Chevys Fresh Mex is an American chain of Mexican-style casual dining restaurants located in the United States. The chain was owned by Real Mex Restaurants, Inc. until its August 7, 2018 bankruptcy and acquisition by Z Capital and Tennenbaum Capital Partners.

Is Chevys closed?

Chevys, Acapulco Restaurant y Cantina, and El Torito’s parent company filed for chapter 11 on Tuesday. While many of Real Mex’s businesses remain open, the Sunset Boulevard Acapulco closed in September 2017, and the Northridge location followed suit in late July.

What happened to El Torito restaurants?

In 2000, Acapulco bought El Torito from Prandium. Acapulco renamed its parent company to Real Mex Restaurants in 2004 and moved the headquarters to Cypress, California. No plans have been announced to close restaurants or layoff staff. It was acquired by a group of its noteholders in a bankruptcy auction in 2012.

Are El Torito restaurants closing?

At the time of the August bankruptcy, the company had downsized to 78 restaurants. In the asset sale, the new owners purchased 56 restaurants. Since the deal closed, Sharpe said he’s closed three underperforming restaurants. A fourth closure occurred in Northern California, but only because lease negotiations failed.

When did Chevys close?

14 more underperforming Chevys Fresh Mex restaurants, mostly in northern California, were closed on December 26, 2016.

Who owns El Torito 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.

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.

Is Chevys Tex Mex?

U.S. Chevys Fresh Mex is an American chain of Mexican-style casual dining restaurants located in the United States. The chain was owned by Real Mex Restaurants, Inc.

Does Chevy Chase own Chevys restaurant?

until its August 7, 2018 bankruptcy and acquisition by Z Capital and Tennenbaum Capital Partners.

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Chevys Fresh Mex.

TypeWholly owned subsidiary
Number of employees3,000 (2007)
ParentReal Mex Restaurants
Websitewww.chevys.com

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.

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.