Logan's Roadhouse
 | |
 A Logan's Roadhouse in Goodlettsville, Tennessee (now closed) | |
| Company type | Subsidiary |
|---|---|
| Industry | Food service |
| Genre | |
| Founded | 1991 Lexington, Kentucky, U.S. |
| Founder | Dave Wachtel Charles F. McWhorter |
| Headquarters | , |
Number of locations | 135 |
Area served | United States |
Key people | Hazem Ouf (CEO)[1] Stephen Anderson (Senior VP, Marketing) Len Popering (Chief marketing officer) Michelle Zavolta (Chief human resources officer) |
| Products | Steaks, ribs, Burgers, chicken, Seafood, Sandwiches, Desserts, Family Meals, Alcoholic Beverages, Kids Menu, Appetizers, Soups and Salads [2] |
| Revenue | US$537 million (2021) |
Number of employees | 4,723 (2021) |
| Parent | Independent (1991–1999) CBRL Group (1999-2006) Bruckmann, Rosser, Sherrill & Co., Canyon Capital Advisors LLC, Black Canyon Capital LLC (2006-2010) Kelso & Company (2010-2018) CraftWorks Restaurants & Breweries (2018-2020) SPB Hospitality (2020-present) |
| Website | www |
Logan's Roadhouse is an American chain of casual dining restaurants based in Houston, Texas, United States, founded in 1991 in Lexington, Kentucky, U.S.[3] There are 135 Logan's Roadhouse locations throughout twenty-two states.[4]
The chain uses retro style decorations. Some of the Logan's establishments have locality-inspired decor and artwork. For example, Detroit area Logan's have murals of people wearing Detroit Pistons shirts.[citation needed] The chain's menu includes mesquite-grilled steaks, traditional American fare such as sandwiches, soup, salads, and seafood, longneck cold beer, and homemade yeast rolls.[citation needed]
History
[edit]In 1999 it became a wholly owned subsidiary of the publicly held CBRL Group, which also owns Cracker Barrel. On December 6, 2006, CBRL Group sold Logan's Roadhouse to affiliates of Bruckmann, Rosser, Sherrill & Co., Canyon Capital Advisors LLC, and Black Canyon Capital LLC for $486 million. In 2010, private equity firm Kelso & Company acquired the company.[5]
On February 20, 2013, Mike Andres, a former McDonald's vice-president and former chief executive officer of Boston Market, replaced Tom Vogel as chief executive officer.[6] On January 12, 2017, Hazem Ouf, former chief executive officer of American Blue Ribbon Holdings, was named president and chief executive officer.[7]
On August 8, 2016, Logan's Roadhouse filed for bankruptcy and announced plans to close eighteen of its 256 locations that are under-performing. The chain was reported to be struggling with heavy debt and falling sales.[8] Locations closing in late September 2016, include, in Florida, two each in Kissimmee & Orlando, and one each in Mary Esther, Tampa, and Tallahassee; one in each of those cities: Macon, Georgia; Houston, Texas; Lafayette, Louisiana & Waynesboro, Virginia.[9][10][11]
On December 1, 2016, Logan's Roadhouse formally exited bankruptcy with a debt load reduced from about $400 million to $100 million.[12]
On November 1, 2018, Logan's Roadhouse announced that it was acquired by CraftWorks Restaurants & Breweries.[13]
On March 3, 2020, Craftworks filed for Chapter 11 Bankruptcy protection.[14] On March 19, 2020, all open Logan's locations were temporarily closed amid the COVID-19 pandemic.[15] On April 4, 2020, Craftworks announced that all the Logan's Roadhouse locations would remain closed indefinitely, and that all 18,000 employees would be laid off.[16]
On June 12, 2020, SPB Hospitality purchased Craftworks restaurants out of bankruptcy for $93 million.[17]
References
[edit]- ^ "35-Year Industry Veteran Selected After Nationwide Search;Turnaround Executive Will Hold Title Of "CEO AND Partner" For Leading Casual Dining Steakhouse". Logan's Roadhouse.
- ^ "Menu".
- ^ "All About Us". Logan's Roadhouse. 2008. Retrieved 2011-04-03.
- ^ "About Us - Logans Roadhouse". Retrieved 6 August 2016.
- ^ "Kelso & Company Inks Agreement to Buy Logan's Roadhouse". 30 August 2010.
- ^ "Logan's Roadhouse names Mike Andres as CEO".
- ^ "Logan's Roadhouse names Hazem Ouf CEO". 12 January 2017. Retrieved 20 February 2017.
- ^ Fisher, Mark (August 8, 2016). "Logan's Roadhouse restaurant chain files for bankruptcy". WHIO-TV. Retrieved August 8, 2016.
- ^ McLaughlin, Tom, "Well-known Mary Esther restaurant bites the dust", Northwest Florida Daily News, Fort Walton Beach, Florida, Thursday 29 September 2015.
- ^ McLaughlin, Tom. "Well-known Mary Esther restaurant bites the dust". nwfdailynews.com.
- ^ "Logan's Roadhouse closes".
- ^ "Logan's Roadhouse emerges from bankruptcy". Retrieved 20 February 2017.
- ^ Alfs, Lizzy (1 November 2018). "Nashville-based Logan's Roadhouse chain acquired by Colorado restaurant group". The Tennessean. Retrieved 2 November 2018.
- ^ "Logan's Roadhouse, Old Chicago owner files for bankruptcy". 3 March 2020. Retrieved 4 March 2020.
- ^ "Logan's Roadhouse closes its doors for public health precaution". 24 March 2020.
- ^ "Logan's Roadhouse Closing All 261 Locations Indefinitely". 4 April 2020.
- ^ Lalley, Heather (June 12, 2020). "SPB Hospitality takes over former Craftworks restaurants". Restaurant Business. Retrieved 2020-07-15.
External links
[edit]- Steakhouses in the United States
- Companies based in Houston
- American corporate subsidiaries
- 1991 establishments in Kentucky
- Restaurants established in 1991
- Companies that filed for Chapter 11 bankruptcy in 2016
- Companies that filed for Chapter 11 bankruptcy in 2020
- 1999 mergers and acquisitions
- 2006 mergers and acquisitions
- 2010 mergers and acquisitions
- 2018 mergers and acquisitions