"801 Restaurant Group has about $18.7 million in liabilities on its books and $15 million in assets. The primary issue concerns the recent closures of 801 Fish in Denver and its latest concept restaurant, 801 On Nicollet, in Minneapolis."
"While 801 Restaurant Group LLC is in bankruptcy, its individual companies that own and operate its restaurants are not. The reason it is filing for bankruptcy is due to financial issues that arose from guaranties given by 801 Restaurant Group, LLC for other companies that it owns."
801 Restaurant Group, which operates 801 Chophouse, 801 Fish, and 801 Local, filed for Chapter 11 bankruptcy in Kansas. The group has $18.7 million in liabilities and $15 million in assets. Financial difficulties stem from guarantees made by the parent company for its subsidiaries. Recent closures of 801 Fish in Denver and 801 On Nicollet in Minneapolis contributed to these issues. Despite the bankruptcy filing, no immediate closures of 801 Chophouse locations are planned.
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