After an intensive review of strategic alternatives granite city food brewery ltd the parent company of its eponymous concept and sister brand cadillac ranch all american bar grill filed for chapter 11 bankruptcy protection in an effort to reorganize its business and facilitate a structured sale.
Which company owns cadillac ranch and granite city.
17 2019 that it has filed for chapter 11 bankruptcy.
The restaurant group that owns the granite city food brewery and cadillac ranch all american bar grill restaurants announced tuesday dec.
Granite city s majority shareholder is concept development partners llc a partnership between dallas based private equity firm cic capital partners and restaurant.
21 will seek the bankruptcy court s approval on landry s 7 5 million bid to buy three cadillac ranch restaurants in three states plus bbq holdings 3 65 million bid.
Cadillac ranch has an outpost at the mall of america in bloomington.
Its minnesota locations of granite city food brewery are in eagan rose ville maple grove and st.
The company intends to operate granite city as is with no plans to rebrand.
Three of the four locations were picked up by landry s.
Granite also owns four cadillac ranch restaurants.
The company owns a beer production facility in ellsworth iowa but leases all 35 of its granite city restaurants and five cadillac ranch restaurants and its corporate offices.
We are currently operating in pittsburgh pa national harbor md and in the mall of america in minneapolis mn.
Granite city food brewery which is backed by cic partners has acquired the assets of five cadillac ranch all american bar grill restaurants for an aggregate purchase price of about 6 2 million.
Cadillac ranch great all american bar and grill was founded in february of 2009 when it opened its first location in national harbor md.
There were three separate sessions to bid on cadillac ranch granite city and all assets combined.
Granite city on feb.
Landry s holdings owned by tilman fertitta agreed to spend 7 5 million during an auction to buy cadillac ranch a concept formerly owned by granite city food and brewery according to court documents.
