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Logan's Roadhouse

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Logan's Roadhouse
Company typeSubsidiary
IndustryFood service
Genre
Founded1991; 33 years ago (1991)
Lexington, Kentucky, U.S.
FounderDave Wachtel
Charles F. McWhorter
Headquarters
Houston, Texas
,
U.S.
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)
ProductsSteaks, ribs, Burgers, chicken, Seafood, Sandwiches, Desserts, Family Meals, Alcoholic Beverages, Kids Menu, Appetizers, Soups and Salads [2]
RevenueUS$537 million (2021)
Number of employees
4,723 (2021)
ParentIndependent (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)
Websitewww.logansroadhouse.com

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

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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

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  1. ^ "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.
  2. ^ "Menu".
  3. ^ "All About Us". Logan's Roadhouse. 2008. Retrieved 2011-04-03.
  4. ^ "About Us - Logans Roadhouse". Retrieved 6 August 2016.
  5. ^ "Kelso & Company Inks Agreement to Buy Logan's Roadhouse". 30 August 2010.
  6. ^ "Logan's Roadhouse names Mike Andres as CEO".
  7. ^ "Logan's Roadhouse names Hazem Ouf CEO". 12 January 2017. Retrieved 20 February 2017.
  8. ^ Fisher, Mark (August 8, 2016). "Logan's Roadhouse restaurant chain files for bankruptcy". WHIO-TV. Retrieved August 8, 2016.
  9. ^ McLaughlin, Tom, "Well-known Mary Esther restaurant bites the dust", Northwest Florida Daily News, Fort Walton Beach, Florida, Thursday 29 September 2015.
  10. ^ McLaughlin, Tom. "Well-known Mary Esther restaurant bites the dust". nwfdailynews.com.
  11. ^ "Logan's Roadhouse closes".
  12. ^ "Logan's Roadhouse emerges from bankruptcy". Retrieved 20 February 2017.
  13. ^ Alfs, Lizzy (1 November 2018). "Nashville-based Logan's Roadhouse chain acquired by Colorado restaurant group". The Tennessean. Retrieved 2 November 2018.
  14. ^ "Logan's Roadhouse, Old Chicago owner files for bankruptcy". 3 March 2020. Retrieved 4 March 2020.
  15. ^ "Logan's Roadhouse closes its doors for public health precaution". 24 March 2020.
  16. ^ "Logan's Roadhouse Closing All 261 Locations Indefinitely". 4 April 2020.
  17. ^ Lalley, Heather (June 12, 2020). "SPB Hospitality takes over former Craftworks restaurants". Restaurant Business. Retrieved 2020-07-15.
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